USD1.6m new customer win in investment management

Gresham Technologies PLC

03 July 2023

 

RNS

03 July 2023

Gresham Technologies plc

USD1.6m new name Clareti contract win in investment management industry

Gresham Technologies plc (LSE: "GHT", "Gresham", "Group", "Company"), 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 name Clareti contract win in the US investment management industry.

The firm, which offers active equity and fixed-income solutions to institutional and private clients, has selected Gresham to help automate and reduce costs in its investment operations with a cloud solution covering data collection from custodians and brokers, data aggregation, reconciliation against internal books and records, and exception management processes. Following an extensive evaluation of market options, the firm selected Control for Investment Management delivered as a service in the Clareti Cloud.

The contract includes minimum subscription fees of $240k per annum over an initial five year committed term, with potential for incremental subscription fees through optional managed services and usage expansion. Additional fees for professional services will be generated in connection with the implementation project.

Ian Manocha, CEO, commented:

"We are seeing increasing demand for our automation solutions in the investment management industry as firms seek to compete more effectively in a demanding macro-environment. This contract serves to highlight the increasing value placed in our proven and highly differentiated solutions for buy-side enabled firms seeking to drive out costs and increase automation in their investment operations."

Enquiries

Gresham Technologies plc	[phone]
Ian Manocha / Tom Mullan
Singer Capital Markets (Financial Adviser and Broker)	[phone]
Shaun Dobson / Tom Salvesen / Jen Boorer
Alma PR	[phone]
Josh Royston / Hilary Buchanan / Matthew Young

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