GHT.L Regulatory News (GHT)

15 December 2016

Gresham Technologies plc

Fourth insurance contract win for Clareti Transaction Control

Gresham Technologies plc (LSE: "GHT", "Gresham" or the "Group"), the leading software and services company that specialises in providing real-time transaction control and enterprise data integrity solutions, is pleased to announce a further Clareti contract win in the insurance sector.

A leading UK insurance intermediary has selected Clareti Transaction Control (CTC) to improve financial control of payables and receivables within its broker business as part of a wider finance transformation programme. This contract represents Gresham's fourth direct customer win for CTC in the insurance sector. The customer has opted to deploy CTC on Gresham's Clareti-as-a-Service cloud platform.

The contract has a minimum contract value of more than £1.1 million over the seven year contract term, approximately a third of which will contribute to the Group's planned revenues for the current year, with the balance contributing evenly over subsequent years.

Ian Manocha, CEO, commented:

"It is pleasing to see that our strategy of focusing on solving complex industry problems continues to resonate with customers within our carefully chosen segments. Our Clareti-as-a-Service cloud platform will enable the customer to achieve a rapid return on their investment, and further strengthens our recurring revenue base."

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Note to editors

Gresham's award-winning Clareti software platform has been designed to provide financial institutions with complete certainty in their data processing. Clareti is a highly flexible and fully scalable platform for assuring enterprise data integrity and is designed to address today's most challenging financial control, internal risk management, data governance and regulatory compliance problems. Gresham's portfolio of applications based on the Clareti platform, including Clareti Transaction Control (CTC), Clareti Accounts Receivable Management (Clareti ARM) and Clareti Loan Control (CLC), provide innovative industry and domain specific solutions for real-time data management based on business-driven controls.

Gresham Technologies plc is a leading software and services company that specialises in providing real-time transaction control and enterprise data integrity solutions. Listed on the main market of the London Stock Exchange (GHT.L) and headquartered in the City of London, customers include some of the world's largest financial institutions, all of whom are served locally from offices located in Europe, North America and Asia Pacific.