Gresham Technologies PLC - London-based software and services provider of data integrity solutions - Secures USD1.5 million contract with an unnamed customer for the company's Clareti Control system. The Clareti system is designed to address financial control, data governance and regulatory compliance problems involved in financial transactions. Gresham says that the customer is a "leading provider of cash management and retail digital solutions" with operations in over 50 countries, which will utilise the Clareti system to support its US operations. The initial contract has a minimum five-year term, and Gresham says that a further phase focused on processing payments to multiple bank partners will bring in additional subscription fees.
Chief Executive Officer Ian Manocha says: "We are delighted to be building a global relationship with this respected leader in the cash management industry. We will work together to automate cash and payments processing controls with the objective of improving the management of operational and financial risks and lowering operating costs."
Current stock price: 135.95 pence per share, up 1.5%
12-month change: down 22%
By Hugh Cameron, Alliance News reporter
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Gresham (GHT)