CTC Contract Extension

RNS Number : 6216X

Gresham Computing PLC

21 November 2014

RNS Reach

21 November 2014

Gresham Computing plc
("Gresham")
CTC contract extension

Gresham, the leading software and services company that specialises in providing real-time financial transaction control software to the global matching and reconciliation market, is pleased to announce the following CTC contract extension:

An existing CTC customer (a major financial services company in the Asia Pacific region) has now contracted to extend their use of CTC as a platform technology for a third major intersystems reconciliation project 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.

The use of CTC's high volume matching and reconciliation capabilities in a migration project provides businesses with certainty by confirming that all data has been migrated correctly.

Chris Errington, CEO of Gresham, commented:

"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. CTC is able to rapidly on-board the data for reconciliation, constantly testing the validity of the data migration method and results, providing the certainty required."

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