StatPro has just released the latest version of its Revolution product incorporating the last of the major elements of the Advanced Risk Management module to have been released this year. This real-time risk analysis module, incorporating a fast risk API, should encourage further conversion of StatPro’s risk clients, many of whom are still using StatPro Seven. The Group recently held an investor lunch at which it offered product demonstrations which showed the breadth, depth and speed of the portfolio analytics which Revolution now offers. Sterling appreciation against certain currencies relevant to StatPro during H2 of 2015 drives a small reduction in our reported revenue estimates by 2% in each year with the impact on EBITDA partly mitigated by lower cost assumptions.