StatPro (LON:SOG) - The cloud is compelling

Wednesday, May 02 2012 by

May 02nd 2012 - Edison Investment Research today published a report on StatPro (SOG.L, LSE:SOG, LON:SOG) entitled "The Cloud Is Compelling". In summary, the report says:

In an update released in conjunction with its AGM, StatPro reports that trading in Q112 has been in line with expectations. StatPro now has 80 clients taking Revolution – the new cloud service. More importantly, the company says it is making good progress in talks with custodian banks and fund administrators, which it hopes will provide important routes to market for Revolution. StatPro continues to enjoy a first mover advantage with Revolution, and if the group can successfully scale the product we believe there is significant upside potential in the shares.




About Edison Investment Research

Edison Investment Research

Follow

Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »