StatPro results to meet forecasts thanks to upbeat cloud-based business Revolution

StatPro Group said it made good progress during the first six months of the financial year with profits in line with market expectations.

The provider of asset valuation services and portfolio analysis solutions saw its revenues grow 4% to £28.6m in the period ended 30 June 2015.

Its cloud-based portfolio Revolution' sales grew 62% to £6.5m. As a result, revenues increased 41% to £13.1m.

Chief executive Justin Wheatley said: "Thanks to the investment we have made in cloud technology, we are in an excellent position to reap the benefits of being the leading innovator in our market.

"With our sales pipeline continuing to grow, we look forward to building upon this success and momentum."