TechMarket9 Jan 2018 10:53
Gresham Technologies, the specialist provider of real-time transaction control and enterprise data integrity solutions, has just closed another strong year. The management expect to report revenues up 24% to �21.3m and adjusted EBITDA ahead by 32% to �5m. They will announce their results formally on 13th March.
Again, the Clareti Transaction Control solution takes centre stage, with associated revenues up 48% and just shy of half the Group total, with the key Clareti software revenues advancing by 74%. 15 new Clareti clients were added in the year, predominantly in the targeted financial services sector with the North American market providing 40% of new Clareti revenues.
At the half-year results, see Gresham Technologies on growth track, we highlighted the fact that the company has succeeded in broadening its portfolio, with the acquisition of C24 Technologies, now fully integrated, the building of an Analytics solution and the launch of a cloud-delivered Clareti solution. The fact that the Group has sustained the rate of growth in Clareti sales and accelerated its overall growth while remaining debt-free is a clear endorsement of its strategy. Non-Clareti revenues, the legacy side of the business, continue to perform in line with expectations.
The underlying demand for Gresham�s Clareti-based solutions looks set to grow as the need for real-time transaction monitoring and faster regulatory reporting continues to increase.
Gresham�s client list includes some top financial sector names, now buying multiple products and extending the deployment of Clareti across the wider enterprise. Gradual development of other sectors and building additional channel partnerships will be on the agenda over the next couple of years to further broaden the solid foundations for continued growth.
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