Re Alliance

RNS Number : 3890D

Gresham Computing PLC

15 September 2008

 

Gresham Computing plc

('Gresham' or 'the Company')

Gresham offers global supply chain financing solution with the world's largest supply chain portal

Gresham Computing plc announces that the following press release will be issued today concerning a new global partnership with Quadrem International Limited ('Quadrem').

Commenting on today's announcement, Eric Sepkes, Chairman, said:

'I am pleased to announce this partnership with Quadrem which I believe will accelerate the deployment of Gresham's proven technology.'

The press release reads:

'Gresham Computing plc and Quadrem International Limited today announced a global partnership to offer banks a suite of white-labeled solutions for procurement, payment and working capital finance. It will be offered by Gresham as part of the Clareti product suite. 

Gresham is a specialist in real-time financial services and is a leader in supply chain financing technology. Quadrem, the world's largest global supply chain portal, delivers on-demand supply chain services and solutions to improve sourcing, procurement, electronic invoicing and supplier relationship management. Banks and their customers will benefit from the delivery of one seamlessly integrated solution while drawing on the expertise of Gresham in supply chain financing and Quadrem in procurement and supply network solutions. Banks will be able to boost supplier participation in supply chain programs with potential access to Quadrem's on-line community of over 60,000 suppliers.

Andrew Walton Green, CEO of Gresham said, 'With a combined staff of over 500 people in 25 offices around the world, the Gresham-Quadrem team is well positioned to support the complex global needs of banks and their customers.' 

Chris Haydon, Senior Vice President, Global Marketing and Solutions, Quadrem, said, 'We believe Gresham's depth and expertise in financial solutions and services coupled with our own in procurement and supplier management enables banks to provide their customers a new dimension of visibility and control of their supply chain.'

The solution is available in multiple languages and multiple currencies to take into account the unique procurement and financing rules of each region of the world.'

About Gresham Computing plc

Gresham Computing plc (www.gresham-computing.com) are experts in delivering real-time financial services, specialising in providing banks and their customers with value added solutions. Founded in 1969, Gresham Computing plc has been listed on the London Stock Exchange (GHT) since 1991 and has offices in Europe, North America and Asia Pacific. Many of the Fortune Global 500 choose Gresham to help improve their competitive edge and bottom line performance in the challenging market sectors of Deposit Acquisition, Real-Time Liquidity, Risk, Cash and Treasury Management, Supply Chain Financing and Electronic Invoicing.

 
About Quadrem International Limited

Quadrem International Limited (www.quadrem.com) delivers 'on demand' solutions to

members of the Global 1000 and their suppliers around the world. Customers on both the buy- and supply-side use Quadrem's technologies and services to streamline supply chain processes, remove costs and reduce the risk of supply chain breakdowns. Quadrem has built one of the world's largest electronically connected supplier networks (more than 55,000 companies), so its customers can connect once to the community rather than invest in multiple one-to-one connections. Quadrem is profitable and currently growing revenues at nearly 30% year over year. Launched in 2000, Quadrem has offices in Australia, Brazil, Canada, Chile, China, France, Mexico, The Netherlands, Peru, Singapore, South Africa, the United Arab Emirates and the United States.

- Ends -

For further information, please contact:

Gresham Computing plc                                                      [phone]

Andrew Walton-Green, CEO

Eric Sepkes, Chairman

 

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