Gresham Technologies PLC Trading Update (6184S)

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RNS Number : 6184S

Gresham Technologies PLC

04 October 2017

4 October 2017

Gresham Technologies plc

Two important CTC wins in North America in third quarter, trading in line

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 provide the following trading update.

During the third quarter of 2017, the Group signed two important new Clareti Transaction Control (CTC) clients in the US market, the first of which, a regulatory control deployment, was previously announced on 29 August 2017. The second win is with the US capital markets division of one of Asia's largest financial services firms who will use the technology to replace manual intensive data integrity checks and enable senior management to certify and be accountable for the quality of its trading related data. Other parts of the business continue to perform as planned.

Further, Gresham is pleased to confirm that there have been high levels of customer retention in the C24 Technologies business acquired on 10 October 2016, and accordingly the first deferred consideration payment is expected to be paid as planned in October 2017.

The Group is trading in line with Board expectations and management remains confident in the full year outlook.

Enquiries

 
                                    [phone] 
 Gresham Technologies plc            0200 
 Ian Manocha 
 Rob Grubb 
 
                                    [phone] 
 N+1 Singer (Joint Broker)           3000 
 Shaun Dobson 
 Lauren Kettle 
 
 Cantor Fitzgerald Europe (Joint    [phone] 
  Broker)                            7000 
 Marc Milmo 
 Catherine Leftley 
 Callum Butterfield 
 
 

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.

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.

This information is provided by RNS

The company news service from the London Stock Exchange

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