GRESHAM TECHNOLOGIES PLC

Governance Information • Dec 17, 2018

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RNS Number : 6006K

Gresham Technologies PLC

17 December 2018

RNS Reach

17 December 2018

Gresham Technologies plc

Extension of Clareti innovation service with major bank

Gresham Technologies plc (LSE: "GHT", "Gresham", "Company" or the "Group"), the leading software and services company that specialises in providing real-time data integrity and control solutions, is pleased to announce the following contract extension. 

Further to the announcement of a strategic fintech partnership with a major bank in the Asia Pacific region on 26 September 2018 and subsequent press releases in October 2018, Gresham is pleased to confirm that the bank has now extended the Clareti innovation service referred to therein until September 2019, continuing the successful first phase of joint development activities carried out so far and further supporting the bank's digital transformation programme.

The contract extension will contribute AUD $1.3m to planned Clareti services revenues in financial year 2019, bringing the total contract value to AUD $2.65m. Further extensions are expected and will be announced as appropriate.

Enquiries

Gresham Technologies plc	+44 (0) 207 653 0200
Ian Manocha
Tom Mullan
N+1 Singer (Joint Broker)	+44 (0) 207 496 3000
Shaun Dobson / Lauren Kettle (Corporate Finance)
Tom Salvesen (Corporate Broking)
Cantor Fitzgerald Europe (Joint Broker)	+44 (0) 207 894 7000
Marc Milmo
Catherine Leftley

Note to editors

Gresham Technologies plc is a leading software and services company that specialises in providing real-time data integrity and control solutions. 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, all of whom are served locally from offices located in Europe, North America and Asia Pacific.

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 ensuring the integrity of data across an enterprise. It is designed to address today's most challenging financial control, risk management, data governance and regulatory compliance problems.

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