REG - Gresham Technologies - USD 1.3m Clareti contract win with Tier 1 bank

Gresham TechnologiesAnnouncement

30/12/2022 07:00

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RNS Number : 3094L  Gresham Technologies PLC  30 December 2022

RNS

30 December 2022

Gresham Technologies plc

USD 1.3m Clareti Connect contract win with Tier 1 bank

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 contract win for Clareti Connect in
the banking industry.

On 29 December 2022, one of world's largest banks, an existing customer,
signed an enterprise agreement to extend the use of Connect across their
entire post trade prime brokerage business. The solution will replace legacy
FIX processing infrastructure in order to streamline market connectivity and
client onboarding.

The initial contract has a five-year committed term with minimum incremental
subscription fees of USD 1.3m over that period, and additional recurring
usage-based fees and one-off fees for professional services.

Ian Manocha, CEO commented:

"Gresham helps financial institutions manage their workflow across the entire
trading landscape by providing connectivity, automation, and control.

With our Connect solution we can consolidate and harmonise all post-trade
workflow from different sources into a single streamlined data model. This
means we can immunise our customer from upstream changes and reduce the
friction associated with client on-boarding and maintenance.

We are delighted to have been selected to provide this strategic solution for
an existing customer that we have been working directly with since our
acquisition of Inforalgo in July 2020. This contract, which was concluded
after a short sales cycle, significantly increases the customer ARR and
demonstrates that we have the technology, industry expertise and contractual
relationships to deliver on our land and expand strategy."

 

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 PR                                                +44 (0) 203 405 0205
 Josh Royston / Hilary Buchanan / Hannah Campbell

 

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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