Strong Clareti Performance Delivers Record Year for Gresham Tech

London (ots/PRNewswire) -

Gresham Technologies plc (https://www.greshamtech.com/) (LSE:
GHT), the leading software and services company that specialises in
providing real-time transaction control and enterprise data integrity
solutions, provides the following trading update for the year ended
31 December 2017.

(Logo: http://mma.prnewswire.com/media/530491/Gresham.jpg )

Gresham expects to report 2017 revenues to be up 24% year on year
to £21.3 million and adjusted EBITDA* up approximately 32% to £5.0
million, in line with market expectations.

Total Clareti revenues are expected to be up approximately 48%
year on year to £11.1 million, with Clareti software revenues
increasing by 74%. The Group's closing Clareti annualised recurring
revenues are expected to be up 24% at £5.7 million.

During 2017, Gresham won fifteen new Clareti Transaction Control
(CTC) clients across various established industry segments including
banking, investment management and insurance broking, as well as a
second win in the energy and commodities sector. New clients were
signed in the United States, Canada, Australia, UK and Europe.
Gresham continued to make excellent progress in the North American
market which in the year contributed 39% of new Clareti revenues
following direct sales investment into the region during 2016 and
2017.

Newly introduced products provided competitive differentiation
with five new Clareti Analytics
(https://www.greshamtech.com/platform/clareti-analytics) licences and
twelve Clareti 24 Adapters (https://www.greshamtech.com/platform/clar
eti-adapters-industry-standards) being sold in the year either in
conjunction with CTC or separately. The integration of C24
Technologies Limited was fully completed during the year and has
delivered the expected benefits.

The Group's net contribution from non-Clareti revenues was in line
with expectations with the Group's Australian contracting services
business performing strongly and off-setting an expected reduction in
software partner revenues.

The Group closed the year with cash at £8.5 million, including
£0.2 million of term deposits, and remains debt free. The Group's
financial position is expected to remain strong throughout 2018 and
beyond.

The Group expects to announce the final results for FY 2017 on 13
March 2018.

Ian Manocha, CEO, commented:

"We are delighted with these record results stemming from our
planned investment into Clareti and the hard work of our global team
over a number of years.

We have firmly established Clareti as the new 'de-facto standard'
enterprise-class solution to the industry's endemic data quality
problems. We will continue to invest in sales and marketing, as well
as in partnerships and alliances, to capitalise on the opportunity
ahead, and we remain confident in the profitable growth prospects of
the Group."

*Earnings Before Interest, Taxation, Depreciation and
Amortisation, adjusted to add back share-based payment charges and
exceptional items.

About Gresham

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), Clareti Loan Control
(CLC) and Clareti 24 Integration Objects (C24 IO), provide innovative
industry specific solutions for real-time data management.

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.

Further information can be found at http://www.greshamtech.com/ or
on Twitter @GreshamTech (https://twitter.com/greshamtech)

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.

ots Originaltext: Gresham Tech
Im Internet recherchierbar: http://www.presseportal.de

Contact:
+44-020-7653-0222
glacroix@greshamtech.com

Original-Content von: Gresham Tech, übermittelt durch news aktuell