Following eight years of development, StatPro is beginning to see the benefits of its cloud strategy, as it reported a 19% growth in H1 adjusted EBITDA (13% at constant currencies). This included initial contributions from Investor Analytics and InfoVest Consulting, which were acquired early in the period. StatPro has its strongest ever pipeline of new business and the final piece in the cloud strategy – Revolution Performance – is scheduled for commercial launch next month. Hence, with StatPro’s US-based financial software peers and SaaS companies trading on lofty multiples, we continue to believe there is significant upside in the shares.
