GHT.L Share News (GHT)

LONDON (Alliance News) - Software and services company Gresham Computing PLC said Thursday that it has seen a positive start to 2016, having secured four new clients for its Clareti Transaction Control software platform in the first quarter.

The four clients included two UK based hedge fund investment firms, and a US third party administrator, along with a US asset manager win that the company previously announced in March.

Gresham said the four new software contracts will provide a "solid contribution" to its planned revenue in current and future years.

"A further four clients from the investment management industry adopted our CTC enterprise data integrity platform in the first quarter, confirming our ability to win repeatable business by leveraging our industry IP and domain knowledge," said Chief Executive Officer Ian Manocha in a statement.

"Fund managers face daunting compliance and operational risk management challenges and need to get on top of their increasingly complex data flows. Gresham is fast becoming the go-to company for buy-side institutions who need a more flexible approach to controlling their data and processes," Manocha added.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

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