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Published on: September 19, 2016

Infovest contract win

StatPro has announced another useful contract win – in this case by its 51% owned subsidiary, Infovest. The contract with an existing large North American client of StatPro reflects a revenue commitment of £1.0 million. The seven year deal will see Infovest supply its Data Warehouse and Reporting solutions, and the announcement notes that it will significantly increase Infovest’s annualised recurring revenues and committed contractual revenue. This is the largest contract which Infovest has secured and its fourth since the acquisition of the controlling interest by StatPro. Although we leave numbers unchanged for the moment, this announcement follows a series of such positive contract wins for the Group and clearly adds further support to our existing estimates.

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