Further information on Significant Contract Win

RNS Number : 0158H

Gresham Computing PLC

10 July 2012

 



10 July 2012

Further information on Significant Contract Win

Gresham Computing plc

("Gresham" or the "Company")

Following the announcement of a "Significant Contract Win" with a major new bank customer, as announced by the Company on 20 July 2011, Gresham has today issued a press release with further information on the partnership with this bank customer, which has now been named as Australia and New Zealand Banking Group Ltd.

The press release follows in full unedited text below:

ANZ partners with Gresham to deliver innovative cash and information management solutions for corporate clients

London, 10 July 2012, Gresham Computing plc, a leading provider of transaction control solutions to international financial institutions, today announced the successful commercialisation of its third major project with Australia and New Zealand Banking Group Ltd (ANZ) - rounding out ANZ's innovative solution suite for helping corporate clients to increase visibility, control and efficiency in the areas of cash flow and information management.

Using Gresham's Clareti Transaction Control (CTC) solution, ANZ recently launched ANZ Cashactive Fusion. This solution helps organisations managing large volumes of payments and collections with optimising working capital and finance team efficiency. By streamlining and automating the capturing and reconciliation of financial information to drive insight-led business decisions, it is ideal for organisations in financial services, utilities, telecommunications, health and property sectors.

The bank has also partnered with Gresham to deliver ANZ Cashactive Control and ANZ Cashactive Virtual. While both solutions provide a robust and efficient way of managing, segregating and reconciling funds, they offer the flexibility of addressing different business needs. ANZ Cashactive Control is specifically targeted at helping organisations in accounting, legal, property, government or specialist financial sectors with the compliance obligations involved in managing client monies. When it comes to managing intra-company funds, ANZ Cashactive Virtual is relevant to any organisation looking to maximise their liquidity in today's challenging environment.

"As well as having strong expertise and credentials in working capital management solutions, Gresham demonstrated an innovative approach and a clear vision for the future," said Anne Collard, Global Head of Product & Channel Management, Payments & Cash Management at ANZ. "We needed to supplement the work we are doing to enhance our suite of advanced client solutions and meet an aggressive roll-out schedule, so partnering with a vendor we can trust was crucial. Gresham has been collaborative throughout all stages of development and we envisage this to be the start of a long and successful partnership."

"From the outset we established a very close relationship with ANZ, developing a mutually supportive business model where our commercial success is linked directly to the uptake of solutions by ANZ's clients. We successfully delivered each phase of the overall project on time, allowing the bank to hit all of its launch date targets," said Chris Errington, CEO of Gresham Computing. "I look forward to working with ANZ as the solutions are rolled out to local, regional and global clients."

ANZ Cashactive Virtual was launched in Australia in December 2011, with ANZ Cashactive Fusion and ANZ Cashactive Control introduced in April 2012. Gresham is now actively supporting ANZ as they roll out the solutions across the Asia Pacific region.

About Gresham Computing

Gresham Computing plc is a leading provider of software solutions to international financial institutions and is listed on the main market of the London Stock Exchange (GHT.L). We service over 100 major blue-chip customers, many of whom have been customers for over thirty years. Our customers include several of the world's largest financial institutions, served locally from offices located in Europe, North America and Asia.

Further information can be found at: www.gresham-computing.com

For further information please contact:

Gresham Computing plc	[phone]
Chris Errington, CEO Ken Archer, Non-Executive Chairman
Singer Capital Markets Ltd Shaun Dobson, Partner and Head of Corporate Finance James Maxwell, Director of Corporate Finance	[phone]

 

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