CTC Significant Contract Win

RNS Number : 1314I

Gresham Computing PLC

28 June 2013

 

28 June 2013

Gresham Computing plc
("Gresham" or "the Company" or "the Group")
CTC Significant Contract Win

Gresham Computing plc, the specialist provider of software based solutions that enable customers to achieve real-time financial certainty in transaction and cash management, is pleased to announce the following significant contact win.

The Board is pleased to announce that a major Tier 1 investment bank (the "Bank") has contracted with Gresham to deploy CTC as the technology of choice for intersystem matching and reconciliation globally.  This contract is expected to generate revenues of approximately £3m over the next 5 years.

Chris Errington, CEO of Gresham, commented:

"We are delighted to be working with one of the largest investment banks in the world to provide real-time transaction control with our innovative CTC technology.  CTC will be deployed across a number of different business units within the Bank as the technology of choice for real-time intersystem matching and reconciliation, globally."

- Ends -

For further information please contact:

Gresham Computing plc Chris Errington, CEO Rob Grubb, CFO	[phone]
N+1 Singer Shaun Dobson, Head of Corporate Finance Nick Donovan	[phone]

 

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