CTC Customer Wins

RNS Number : 1192E

Gresham Computing PLC

02 November 2015

 

2 November 2015

Gresham Computing plc

CTC customer wins

Gresham Computing plc (LSE: "GHT", "Gresham" or the "Group"), the leading software and services company that specialises in providing real-time financial transaction control and enterprise data integrity software, confirms it has signed a further four new name customers for its flagship CTC product, taking the total to six to date in the second half year period.

New customers include a UK Tier 1 bank, the Asia operation of a leading global insurer, an international provider of employee equity administration services, a US asset manager and a loan portfolio servicing business. Use cases include financial control, internal risk management and data integrity assurance during business transition.

The four recent wins have a 3-year contract value of approximately £2 million in total and will provide a solid contribution to the Group's planned CTC revenues in the current and future years. The Group has strong visibility of forecast revenues for 2015 and is trading in-line with expectations.

Gresham's Innovation Labs has also announced the launch of a new technology that further enhances the ability of business users to implement controls rapidly. The On-Boarding Accelerator was released as an upgrade to the CTC core platform, and a suite of packaged business applications was also announced.

As validation of the disruptive nature of the technology, the global insurer referenced above took just 12 days from initial software installation to the production roll out of three enterprise controls.

Clareti-as-a-Service was launched, giving customers access to CTC in the cloud. The Company's first client is already live, with further clients in implementation. Customers can now choose to implement a CTC solution on premise, in the cloud, or as a fully managed service.

The Company's New York office was further expanded and a partnership signed with US capital markets consultancy GMG to drive further opportunities in the North American financial services market. 

Ian Manocha, CEO, commented:

"Our plan to establish CTC as the category leader in enterprise data integrity is progressing well and I am pleased with the recent traction. The globalisation of our sales organisation is accelerating with new customers in the UK, continental Europe, US, Middle East and Asia Pacific."

Enquiries

Gresham Computing plc

Ian Manocha                                                                                        [phone]

Rob Grubb

N+1 Singer (Broker)

Shaun Dobson                                                                                    [phone]

Lauren Kettle

Note to editors

Gresham's award-winning software platform Clareti Transaction Control (CTC) has been designed to provide financial institutions with complete certainty in their data processing. CTC combines best-in-class performance with future-proofed technology, providing real-time data management based on business-driven controls.  CTC is a highly flexible and fully scalable platform for assuring enterprise data integrity and is designed to address today's most challenging financial control, internal risk management and regulatory compliance problems.

Gresham Computing plc is a leading software and services company that specialises in providing real-time financial transaction control and enterprise data integrity solutions, and is listed on the main market of the London Stock Exchange (GHT.L). With over 30 years' experience and headquartered in the City of London, customers include some of the world's largest financial institutions, all of whom are served locally from offices located in Europe, North America and Asia Pacific.

 

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