Information  X 
Enter a valid email address

Gresham Tech (GHT)


Wednesday 23 December, 2020

Gresham Tech

Significant Clareti Contract Win with Global Bank

RNS Number : 7211J
Gresham Technologies PLC
23 December 2020



23 Dec 2020


Gresham Technologies plc

Significant Clareti Contract Win with Global Investment Bank

Gresham Technologies plc (LSE: "GHT", "Gresham"), 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 significant new Clareti contract win.

On 23 December 2020, one of the world's largest banking groups signed a subscription software license with Gresham for a deployment of the Clareti platform with software fees of US$1.9 million over a committed five year term. The bank will use the technology initially within its US securities business to strengthen inter-systems and regulatory controls and strategically improve data quality.

As a result of this new contract, Gresham now expects Adjusted EBITDA* for the current financial year to be ahead of current analyst forecasts of £4.1 million.

Commenting on the new win, Ian Manocha, Chief Executive Officer said:

"We're delighted to close the year strongly with this excellent new customer win from our US team which again highlights the unique capabilities of our technology. The Clareti platform is in a class of its own when it comes to controlling the complex internal processing flows and myriad of non-standard data formats found within any global capital markets firm. We look forward to working with another Top 20 global investment bank on such an important operational and regulatory imperative."

*Earnings Before Interest, Taxation, Depreciation and Amortisation adjusted to add back share-based payment charges and exceptional items and including continuing operations only.



Gresham Technologies plc

+44 (0) 207 653 0200

Ian Manocha

Tom Mullan

N+1 Singer (Financial Adviser and Broker)

+44 (0) 207 496 3000

Shaun Dobson / Jen Boorer / Iqra Amin (Corporate Finance)

Tom Salvesen (Corporate Broking)

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

a d v e r t i s e m e n t