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GHT Gresham Technologies Plc

129.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gresham Technologies Plc LSE:GHT London Ordinary Share GB0008808825 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 129.00 125.00 133.00 133.00 129.00 129.00 0.00 08:00:15
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Programming Service 48.72M 2.88M 0.0344 37.50 108.13M

Gresham Technologies PLC Contract Win for Clareti Transaction Control (8947R)

15/12/2016 7:00am

UK Regulatory


Gresham Technologies (LSE:GHT)
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RNS Number : 8947R

Gresham Technologies PLC

15 December 2016

15 December 2016

Gresham Technologies plc

Fourth insurance contract win for Clareti Transaction Control

Gresham Technologies plc (LSE: "GHT", "Gresham" or the "Group"), the leading software and services company that specialises in providing real-time transaction control and enterprise data integrity solutions, is pleased to announce a further Clareti contract win in the insurance sector.

A leading UK insurance intermediary has selected Clareti Transaction Control (CTC) to improve financial control of payables and receivables within its broker business as part of a wider finance transformation programme. This contract represents Gresham's fourth direct customer win for CTC in the insurance sector. The customer has opted to deploy CTC on Gresham's Clareti-as-a-Service cloud platform.

The contract has a minimum contract value of more than GBP1.1 million over the seven year contract term, approximately a third of which will contribute to the Group's planned revenues for the current year, with the balance contributing evenly over subsequent years.

Ian Manocha, CEO, commented:

"It is pleasing to see that our strategy of focusing on solving complex industry problems continues to resonate with customers within our carefully chosen segments. Our Clareti-as-a-Service cloud platform will enable the customer to achieve a rapid return on their investment, and further strengthens our recurring revenue base."

Enquiries

 
                             +44 (0) 207 653 
 Gresham Technologies plc     0200 
 Ian Manocha 
 Rob Grubb 
 
                             +44 (0) 207 496 
 N+1 Singer (Broker)          3000 
 Nic Hellyer 
 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) and Clareti Loan Control (CLC), provide innovative industry and domain specific solutions for real-time data management based on business-driven controls.

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

END

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(END) Dow Jones Newswires

December 15, 2016 02:00 ET (07:00 GMT)

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