Gresham Computing reports contract win

Gresham Computing, the specialist provider of software-based solutions that enable customers to achieve real-time financial certainty in transaction and cash management, has reported a contract win.On May 15th, the group announced that it was engaged in a number of paid projects with global financial institutions for the deployment of CTC. CTC is the acronym Gresham uses to describe Clareti Transaction Control, its enterprise technology platform.The board said that the first of the projects, with a major financial services company in the Asia Pacific region, had moved to signed contract for the purchase of CTC as a platform technology from which to complete a major inter-systems reconciliation project.Chris Errington, Chief Executive Officer of Gresham Computing, commented: "CTC is a flexible platform technology for the matching and reconciliation of transactions, including Intersytems, OTCs and Swaps, Exchange Traded Derivatives, Trade and Position, Accounts Receivables, Cash and Reference Data. I am pleased to see the CTC platform being deployed on this multi-system migration project, providing certainty to the migration and simplifying the customer's business."Gresham Computing's share price was unchanged at 83p at 13:54 on Monday.MF