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Gresham Computing Wins Four New CTC Platform Contracts

Mon, 02nd Nov 2015 09:30

LONDON (Alliance News) - Gresham Computing PLC on Monday said it has signed four new contracts for its flagship CTC financial control software product.

The four new clients include a tier-1 bank in the UK, the Asian arm of a global insurer, an employee equity administration services provider, and a US asset manager. None were named. The new agreements give Gresham six to date for the CTC product in the second half of the year so far.

The four most recent wins all have three-year contract terms and will earn Gresham around GBP2.0 million in total over that period.

The company added that it has strong revenue visibility for 2015 and is trading in line with its expectations.

Shares in Gresham were down 1.4% to 107.00 pence on Monday.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance