Gresham grabs big bank contract

Real-time financial software provider Gresham Computing has won a 20-year global contract with a leading bank.The FTSE Fledgling company said that a "leading Tier 1 bank" had signed up Gresham to provide its Clarity Transaction Control (CTC) technology for use in its wholesale banking business globally.Gresham said the contract had an initial term of 20 years and was expected to generate revenues of roughly US$15m over that period.Chief Executive Officer Chris Errington said: "We are delighted to be working with this new customer to deploy CTC, our innovative matching and reconciliation real-time technology. "The bank selected CTC, following a competitive tender, as the technology that best met their forward-looking criteria for functionality, flexibility and performance."Shares in Gresham Computing were up 5.5% to 87p at 14:32 on Friday. OH