Gresham Technologies PLC AGM Statement (1158E)

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RNS Number : 1158E

Gresham Technologies PLC

04 May 2017

4 May 2017

Gresham Technologies plc

AGM statement

Gresham Technologies plc (LSE: "GHT", or "Company" or "Group"), the leading software and services company that specialises in providing real-time transaction control and enterprise data integrity solutions, will be holding its Annual General Meeting at 11.00 a.m. today.

At the meeting, the Chairman will make the following statement:

"The Group has made a strong start to the new financial year signing five new CTC customers in Europe and the United States, and consulting utilisation has been high across all regions. All new customers signed during 2016 are using CTC in production, including the first US Tier 1 bank win announced in December 2016. In addition, one existing customer in the asset management industry has upgraded its CTC on-premise subscription to our fully managed Clareti-as-a-Service cloud platform.

Investment in product development and innovation has progressed in line with plans: Clareti Loan Control 1.0 is in production use with the first customer; Clareti Analytics is now available as an upgrade to the CTC user base; and the acquired C24 technology has been fully integrated into the Clareti platform.

The Board is pleased with the C24 contribution since completion with recurring revenues performing as expected. In addition, there have been four new C24 customer wins year to date, including one cross-sale into a global bank customer in Asia Pacific."

Enquiries

 
                           [phone] 
Gresham Technologies plc    0200 
Ken Archer 
Ian Manocha 
Rob Grubb 
 
                           [phone] 
N+1 Singer (Broker)         3000 
Shaun Dobson 
Lauren Kettle 
 

Note to editors

Gresham's award-winning Clareti software platform has been designed to provide financial institutions with complete certainty in their data processing. Clareti is a highly flexible and fully scalable platform for assuring enterprise data integrity and is designed to address today's most challenging financial control, internal risk management, data governance and regulatory compliance problems. Gresham's portfolio of applications based on the Clareti platform, including Clareti Transaction Control (CTC), Clareti Accounts Receivable Management (Clareti ARM), Clareti Loan Control (CLC) and Clareti 24 Integration Objects (C24 IO), provide innovative industry specific solutions for real-time data management.

Gresham Technologies plc is a leading software and services company that specialises in providing real-time transaction control and enterprise data integrity solutions. Listed on the main market of the London Stock Exchange (GHT.L) and headquartered in the City of London, customers include some of the world's largest financial institutions, all of whom are served locally from offices located in Europe, North America and Asia Pacific.

This information is provided by RNS

The company news service from the London Stock Exchange

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May 04, 2017 02:00 ET (06:00 GMT)