StatPro has announced a five year contract with a global South African asset manager (an existing client) for a minimum value of around £1.5 million. This contract includes migration from StatPro Seven to the StatPro Revolution platform (which provides cloud-based analysis of portfolio performance, attribution, risk and compliance) in 2018. That will follow a proof of concept phase with the StatPro Revolution Performance module during 2017. This contract provides further evidence of existing clients’ willingness to retain and extend their relationships with StatPro as they migrate from their existing StatPro Seven solution to the Revolution platform. The announcement also suggests that the contract size is expanding from its previous level. This contract adds further support to our estimates for 2017 although we leave our numbers unchanged ahead of StatPro’s usual full year trading update which we expect to see towards the end of January.