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StatPro signs three-year contract with Canadian wealth business

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StatPro Group, an AIM listed provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, has signed a three-year CAD6 million (GBP3.6 million) contract extension with a large Canadian wealth business for its Software as a Service (SaaS) version of StatPro Seven, including an uplift in contract value over the three-year period of CAD1.2 million (GBP0.7 million).

Whilst the group has been focusing on converting clients of StatPro Seven to StatPro Revolution, certain modules of StatPro Seven are not yet scheduled for conversion and are still being actively marketed as Software as a Service.
 
Approximately 74 per cent of the group’s software revenue is SaaS, including StatPro’s hosted and cloud-based solutions.
 
Justin Wheatley, group CEO, says: “This is a strong endorsement of our SaaS version of StatPro Seven and a testament to this product’s resilience. As clients look to consolidate suppliers, they want to work with companies that can offer not only a broad range of capabilities, but also the highest levels of service and efficiency.
 
“Our strategic objective is to ensure that our clients can get the most complete solution possible from StatPro across all their processes. By providing StatPro Seven as SaaS, we fulfil this aim.”

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