REG - Gresham Technologies - Strategic Contract Win

Gresham TechnologiesAnnouncement

13/02/2024 07:00

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RNS Number : 8889C  Gresham Technologies PLC  13 February 2024

RNS

13 February 2024

Gresham Technologies plc

Strategic $1.5m Clareti Control contract win with cash management solutions
provider

Gresham Technologies plc (LSE: "GHT", "Gresham", "Group", "Company"), 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 new Clareti contract win in the cash
management industry.

The customer, a leading provider of cash management and retail digital
solutions and an existing user of Clareti technology in their European
operations, has signed a contract to replicate the cloud-based solution to
support its US business. In the initial phase of the project the firm will
partner with Gresham to automate the end-to-end control and reconciliation of
cash processing activities and improve the efficiency of exceptions
management. The initial contract has a minimum five-year term with total
committed incremental subscription fees of $1.5m over that period, with
additional fees for professional services.

A further phase of the US project is expected to enable the straight through
processing of payments to multiple bank partners, for which incremental
subscription fees are expected. This Key Customer operates in over 50
countries around the world providing further opportunity to expand a proven
and successful partnership.

Ian Manocha, CEO commented:

"We are delighted to be building a global relationship with this respected
leader in the cash management industry. We will work together to automate cash
and payments processing controls with the objective of improving the
management of operational and financial risks and lowering operating costs."

 

Enquiries

 Gresham Technologies plc                               +44 (0) 207 653 0200
 Ian Manocha
 Tom Mullan

 Singer Capital Markets (Financial Adviser and Broker)  +44 (0) 207 496 3000
 Shaun Dobson / Tom Salvesen / Jen Boorer

 Alma Strategic Communications                          +44 (0) 203 405 0205
 Josh Royston / Hilary Buchanan / Will Ellis Hancock

 

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 www.greshamtech.com.

 

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