Gresham Technologies PLC Trading Update (6184S)
October 04 2017 - 2:00AM
UK Regulatory
TIDMGHT
RNS Number : 6184S
Gresham Technologies PLC
04 October 2017
4 October 2017
Gresham Technologies plc
Two important CTC wins in North America in third quarter,
trading in line
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 provide the following trading
update.
During the third quarter of 2017, the Group signed two important
new Clareti Transaction Control (CTC) clients in the US market, the
first of which, a regulatory control deployment, was previously
announced on 29 August 2017. The second win is with the US capital
markets division of one of Asia's largest financial services firms
who will use the technology to replace manual intensive data
integrity checks and enable senior management to certify and be
accountable for the quality of its trading related data. Other
parts of the business continue to perform as planned.
Further, Gresham is pleased to confirm that there have been high
levels of customer retention in the C24 Technologies business
acquired on 10 October 2016, and accordingly the first deferred
consideration payment is expected to be paid as planned in October
2017.
The Group is trading in line with Board expectations and
management remains confident in the full year outlook.
Enquiries
+44 (0) 207 653
Gresham Technologies plc 0200
Ian Manocha
Rob Grubb
+44 (0) 207 496
N+1 Singer (Joint Broker) 3000
Shaun Dobson
Lauren Kettle
Cantor Fitzgerald Europe (Joint +44 (0) 207 894
Broker) 7000
Marc Milmo
Catherine Leftley
Callum Butterfield
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), Clareti Loan Control
(CLC) and Clareti 24 Integration Objects (C24 IO), provide
innovative industry specific solutions for real-time data
management.
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.
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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