Gresham Technologies PLC USD1.6m new customer win in investment management (6512E)
July 03 2023 - 2:00AM
UK Regulatory
TIDMGHT
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
+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 / 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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