Gresham Technologies PLC Contract Win for Clareti Transaction Control (8947R)
15 December 2016 - 6:00PM
UK Regulatory
TIDMGHT
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
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