Gresham Technologies PLC Clareti Contract Win (9392S)
22 March 2021 - 06:00PM
UK Regulatory
TIDMGHT
RNS Number : 9392S
Gresham Technologies PLC
22 March 2021
RNS
22 March 2021
Gresham Technologies plc
Clareti contract win with global professional services firm
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 new Clareti
contract win.
One of the world's largest professional services firms has
selected Gresham as a strategic partner to provide advanced
technology to its audit practice in the US. Clareti Control will be
used to digitise key field audit activities and provide enhanced
assurance as to the integrity of the audit process.
This new contract, signed on 19 March 2021, is expected to
generate total software subscription fees of USD 2.8m over a
committed five-year term, with the annual subscription fee starting
at USD 0.25m and committed to rise to USD 0.7m from the third year
of the term, in addition to services revenue to deploy the
solution.
Ian Manocha, CEO, commented:
"This is another excellent example of the versatility of our
Clareti technology. Our partner is committed to delivering an
innovative, efficient and effective audit experience to its
clients, and needed a robust automation platform that could handle
'any and all' data. We look forward to sharing further details of
this use case for Clareti in the near future."
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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END
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