RNS
22 March 2021
Gresham Technologies plc
Clareti contract win with global professional services firm
Gresham Technologies plc (LSE: "GHT", "Gresham"), the leading software and services company that specialises in providing solutions for data integrity and control, banking integration, payments and cash management, is pleased to announce a new Clareti contract win.
One of the world's largest professional services firms has selected Gresham as a strategic partner to provide advanced technology to its audit practice in the US. Clareti Control will be used to digitise key field audit activities and provide enhanced assurance as to the integrity of the audit process.
This new contract, signed on 19 March 2021, is expected to generate total software subscription fees of USD 2.8m over a committed five-year term, with the annual subscription fee starting at USD 0.25m and committed to rise to USD 0.7m from the third year of the term, in addition to services revenue to deploy the solution.
Ian Manocha, CEO, commented:
"This is another excellent example of the versatility of our Clareti technology. Our partner is committed to delivering an innovative, efficient and effective audit experience to its clients, and needed a robust automation platform that could handle 'any and all' data. We look forward to sharing further details of this use case for Clareti in the near future."
Enquiries
| Gresham Technologies plc | +44 (0) 207 653 0200 |
| Ian Manocha | |
| Tom Mullan | |
| | |
| N+1 Singer (Financial Adviser and Broker) | +44 (0) 207 496 3000 |
| Shaun Dobson / Jen Boorer / Iqra Amin (Corporate Finance) | |
| Tom Salvesen (Corporate Broking) | |
| | |
Inside information
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.
Note to editors
Gresham Technologies plc is a leading software and services company that specialises in providing real-time solutions for data integrity and control, banking integration, payments and cash management. Listed on the main market of the London Stock Exchange (GHT.L) and headquartered in the City of London, its customers include some of the world's largest financial institutions and corporates, all of whom are served locally from offices located in the UK, Europe, North America and Asia Pacific.
Gresham's award-winning Clareti software platform is a highly flexible and scalable platform, available on-site or in the cloud, designed to address today's most challenging financial control, risk management, data governance and regulatory compliance problems. Learn more at www.greshamtech.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
