StatPro has announced the acquisition of Investor Analytics (IA), a US cloud-based risk analytics company, for an initial cash consideration of U$10 million with a further potential Earn Out of up to U$6 million. IA adds complementary risk models to StatPro Revolution’s existing Advanced Risk Management module, producing a complete product offer to clients. Funded from increased debt facilities, StatPro expects the deal to be earnings enhancing on a pro forma basis in 2016 following integration, noting estimated cost synergies of around £0.7 million. The deal will enhance StatPro’s position in the US (IA has 53 client contracts), provide cross-sell opportunities and increase the level of the Group’s cloud-based recurring revenue. We shall update estimates to incorporate the acquisition following the release of next week’s trading update scheduled for 29 January.