LONDON (ShareCast) - Software and services company Gresham Computing confirmed on Friday the extension of a client's contract for its CTC risk management platform.
Gresham's client is an unnamed major financial services company in the Asia Pacific region. The mystery firm has extended its use of CTC as a platform technology for a third major intersystem reconciliation project, which is expected to begin in 2015.

The project involves high volume matching and reconciliation of tens of millions of reference data and static data records as part of a major system migration project.

Chief executive, Chris Errington, said: "We are delighted that this customer has decided to extend their use of CTC. It is important to identify, manage and correct data inconsistencies early on in a migration project to avoid data errors being propagated into the business."

As of 12:14 on Friday, the company's share price rose 4.62% to 84.22p per share.

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