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Contract Wins and Joint Ventures

Gresham clinches deal with US Tier 1 bank

28 December 2016 09:50

Gresham Technologies has signed its first Clareti contract win with a US Tier 1 bank. In a five-year contract, a US-based global financial services institution has adopted the Clareti platform to help drive a technology enabled transformation in the processing operations of one of its key businesses.

The customer will deploy Clareti Transaction Control (CTC) to replace out-dated manual processes and user developed applications, improve data quality and customer service, and reduce operational processing costs. The contract has a minimum contracted value of $1.1 million over the term which will contribute to the Group's planned revenues for the current year and future years. Additionally, the company expects to receive implementation consulting revenues, and there is potential for licence growth in future years as the customer's use of the Clareti platform increases.

At 9:50am: (LON:GHT) Gresham Computing PLC share price was +0.5p at 120.5p

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