REG - Gresham Technologies - USD1.6m new customer win in investment management

Gresham TechnologiesAnnouncement

03/07/2023 07:00

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RNS Number : 6512E  Gresham Technologies PLC  03 July 2023

RNS

03 July 2023

Gresham Technologies plc

USD1.6m new name Clareti contract win in investment management industry

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 name Clareti contract win in the US
investment management industry.

The firm, which offers active equity and fixed-income solutions to
institutional and private clients, has selected Gresham to help automate and
reduce costs in its investment operations with a cloud solution covering data
collection from custodians and brokers, data aggregation, reconciliation
against internal books and records, and exception management processes.
Following an extensive evaluation of market options, the firm selected Control
for Investment Management delivered as a service in the Clareti Cloud.

The contract includes minimum subscription fees of $240k per annum over an
initial five year committed term, with potential for incremental subscription
fees through optional managed services and usage expansion. Additional fees
for professional services will be generated in connection with the
implementation project.

Ian Manocha, CEO, commented:

"We are seeing increasing demand for our automation solutions in the
investment management industry as firms seek to compete more effectively in a
demanding macro-environment. This contract serves to highlight the increasing
value placed in our proven and highly differentiated solutions for buy-side
enabled firms seeking to drive out costs and increase automation in their
investment operations."

 

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 / Matthew Young

 

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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