(MENAFN- ProactiveInvestors)Software house StatPro (LON:SOG) is perfectly placed to capitalise on the changing demands of an asset manager according to broker Panmure Gordon. The landscape for asset managers has changed Panmure said due to the competitive threat from new technology-based entrants. State Street's latest asset manager survey shows the industry having to enhance analytics and provide greater transparency with their clients. Worryingly according to State Street only 36% of asset managers are highly confident in their ability to use advanced analytics to separate clients according to their characteristics and needs. That however is where StatPro comes in says Panmure's George O'Connor. StatPro's analytic technology offers a cloud-based analytics program bringing performance risk compliance and other market data together on a single platform. It offers 'a rich customer experience drill down analytics in a scalable cloud offer available to all market participants' Panmure said. The broker reckons its share price fails to reflect the potential upside 'We continue to believe that the market is using the excuse of stalled top-line growth to resist giving the shares the re-rating they deserve' the broker added. Shares rose 2p to 73p today.
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