Gresham Technologies PLC USD 1.3m Clareti contract win with Tier 1 bank (3094L)
December 30 2022 - 2:00AM
UK Regulatory
TIDMGHT
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
+44 (0) 207 653
Gresham Technologies plc 0200
Ian Manocha
Tom Mullan
Singer Capital Markets (Financial Adviser and +44 (0) 207 496
Broker) 3000
Shaun Dobson / Tom Salvesen / Jen Boorer
+44 (0) 203 405
Alma PR 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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END
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