StatPro wins €3m contract with European asset manager

Shares in StatPro are up almost 1% after it won a six-year contract with a leading European asset manager for a minimum value of roughly €3m.

It said the contract was an extension of an existing agreement to six years and included an uplift in conversion value as the asset manager was converting from StatPro Seven to the Group's cloud based product StatPro Revolution.

It would also make use of the recently launched new module, StatPro Revolution Performance.

StatPro said the client was expected to go live with more than 400 portfolios on the StatPro Revolution platform by the end of March 2017.

At 10:24 GMT, shares in AIM-listed StatPro were up 0.58% to 86.5p each.