Gresham Technologies PLC Significant Clareti Contract Win with Global Bank (7211J)
24 December 2020 - 1:00AM
UK Regulatory
TIDMGHT
RNS Number : 7211J
Gresham Technologies PLC
23 December 2020
RNS
23 Dec 2020
Gresham Technologies plc
Significant Clareti Contract Win with Global Investment Bank
Gresham Technologies plc (LSE: "GHT", "Gresham"), 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 significant
new Clareti contract win.
On 23 December 2020, one of the world's largest banking groups
signed a subscription software license with Gresham for a
deployment of the Clareti platform with software fees of US$1.9
million over a committed five year term. The bank will use the
technology initially within its US securities business to
strengthen inter-systems and regulatory controls and strategically
improve data quality.
As a result of this new contract, Gresham now expects Adjusted
EBITDA* for the current financial year to be ahead of current
analyst forecasts of GBP4.1 million.
Commenting on the new win, Ian Manocha, Chief Executive Officer
said:
"We're delighted to close the year strongly with this excellent
new customer win from our US team which again highlights the unique
capabilities of our technology. The Clareti platform is in a class
of its own when it comes to controlling the complex internal
processing flows and myriad of non-standard data formats found
within any global capital markets firm. We look forward to working
with another Top 20 global investment bank on such an important
operational and regulatory imperative."
*Earnings Before Interest, Taxation, Depreciation and
Amortisation adjusted to add back share-based payment charges and
exceptional items and including continuing operations only.
Enquiries
+44 (0) 207 653
Gresham Technologies plc 0200
Ian Manocha
Tom Mullan
+44 (0) 207 496
N+1 Singer (Financial Adviser and Broker) 3000
Shaun Dobson / Jen Boorer / Iqra Amin (Corporate
Finance)
Tom Salvesen (Corporate Broking)
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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