Gresham Computing Secures CTC Order From Insurance Broker

LONDON (Alliance News) - Gresham Computing PLC on Tuesday said it has secured an order for its CTC financial control software from an unnamed insurance broker.

Under the deal, the client will use the CTC software as a strategic control platform for real-time matching and transaction data reconciliation services.

Gresham did not provide any financial details on the contract but said the deal will provide a "strong contribution" to its planned CTC revenue.

"We are delighted to be working with a dominant and forward-looking member of the global insurance community to deploy CTC as a real-time control platform across their business. This is our most significant contract win to date in the non-bank market, adding a further key customer account to our growing list and demonstrating the wide applicability and potential for CTC," said Gresham Chief Executive Chris Errington.

Shares in Gresham were up 2.3% to 88.00 pence on Tuesday.

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

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