Published on: September 28, 2016
Revolution Performance module launched
Today’s well-advertised launch of the StatPro Revolution Performance module is a significant milestone for the Revolution platform. Additionally, we think it represents a watershed in the Group’s strategy of transitioning to a purely cloud-based provider of analytics services. Not only does it bring a major expansion of the platform but it also completes the content to an extent which will allow StatPro to accelerate the migration of customers from StatPro Seven to the cloud-based Revolution platform. We also expect that development costs as a percentage of revenues will begin to reduce over time now that the Performance module has been launched. For StatPro’s clients, it holds the promise of significant productivity gains. StatPro is making presentations to both investors and clients today. We make no changes to estimates but we note the on-time delivery of a core element of the product offering.