StatPro remains upbeat about 2009

(By Philip Carnelley, Tue 14 Jul 2009, 9.30). Analytics provider to the asset management industry, StatPro, today issued a trading update, reaffirming what it said a couple of months ago (see Idox, Statpro ahead of the game): Business in the first half has been good and better than it predicted at the year end. It also said that “Market conditions in the fund management sector appear, at this stage, likely to remain stable for the second half of 2009.” StatPro is quite a sizeable software provider (over £20m pa in software licences) and is getting an increasing proportion of business through its SaaS delivery model. We’ll report more after the interim results in August.