Clareti contract win

RNS Number : 8670R

Gresham Technologies PLC

11 March 2021

 

RNS

11 March 2021

Gresham Technologies plc

Clareti contract win with fast-growing financial group

Gresham Technologies plc (LSE: "GHT", "Gresham"), the leading software and services company that specialises in providing solutions for data integrity and control, banking integration, payments and cash management, is pleased to announce a new Clareti contract win.

A fast-growing global financial group, with a European banking presence, has selected the Clareti platform to connect, control and ensure the integrity of its data and processing, as it deploys its next generation of digital banking solutions for the asset management and corporate sectors.

The combination of Gresham's leading financial connectivity and reconciliation technology with its deep domain expertise in cash management, banking integration and payments, has enabled Gresham to provide a rapid solution for the customer's complex requirements without the expense and risk of alternative approaches.

This new contract, signed on 10 March 2021, is expected to generate total software subscription fees of EUR 1.4m over a committed five-year term, in addition to services revenue to deploy the solution.

Ian Manocha, CEO, commented:

"This new win is an excellent example of how our Clareti Connect and Clareti Control offerings can work in tandem to quickly deliver transparent real-time digital solutions for customers into environments where generic solutions are inadequate. We are delighted to welcome this new customer to Gresham after a rapid yet comprehensive evaluation, and we look forward to supporting its plans for next generation banking solutions."

Enquiries

Gresham Technologies plc	[phone]
Ian Manocha
Tom Mullan
N+1 Singer (Financial Adviser and Broker)	[phone]
Shaun Dobson / Jen Boorer / Iqra Amin (Corporate Finance)
Tom Salvesen (Corporate Broking)

Inside information

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR").  Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

Note to editors

Gresham Technologies plc is a leading software and services company that specialises in providing real-time solutions for data integrity and control, banking integration, payments and cash management. Listed on the main market of the London Stock Exchange (GHT.L) and headquartered in the City of London, its customers include some of the world's largest financial institutions and corporates, all of whom are served locally from offices located in the UK, Europe, North America and Asia Pacific.

Gresham's award-winning Clareti software platform is a highly flexible and scalable platform, available on-site or in the cloud, designed to address today's most challenging financial control, risk management, data governance and regulatory compliance problems. Learn more at www.greshamtech.com.

 

END

 

 

CNTSFWFASEFSESD