GRESHAM TECHNOLOGIES PLC

Business and Financial Review • Mar 22, 2021

National Storage Mechanism | Additional information

RNS Number : 9392S

Gresham Technologies PLC

22 March 2021

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.

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