LONDON (ShareCast) - (ShareCast News) - Gresham Technologies, a software and services company specialising in providing real-time transaction control and enterprise data integrity solutions, has secured a fourth insurance contract with Clareti Transaction Control (CTC) for over £1.1m.
CTC has been selected to improve financial control of payable and receivables within its broker business as part of a wider finance transformation programme.

The customer has opted to deploy CTC on Gresham's Clareti-as-a-Service cloud platform.

The contract has a minimum value of over £1.1m over a seven year contract term, approximately a third of which will contribute to the group's planned revenues for the current year.

Chief executive Ian Manocha said: "It is pleasing to see that our strategy of focusing on solving complex industry problems continues to resonate with customers within our carefully chosen segments. Our Clareti-as-a-Service cloud platform will enable the customer to achieve a rapid return on their investment, and further strengthens our recurring revenue base."

Gresham technologies share price rose 0.87% to 116p at 1433 GMT on Thursday.

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE