Gresham Technologies PLC - London-based software and services for data integrity and financial management - Takeover by STG Partners LLC takes effect and shares in Gresham Technologies suspended on Tuesday, before cancellation in London on Wednesday. It agreed to the roughly GBP150 million, 163 pence per share, takeover offer in April. Read More
Gresham Technologies PLC - London-based software and services for data integrity and financial management - High Court grants the scheme court order sanctioning the scheme by which bid from STG Partners LLC will be implemented. The scheme is expected to become effective on July 9. Shares in Gresham are expected to be suspended on the same day. Read More
(Alliance News) - Iomart Group PLC cut its final dividend on Tuesday, as annual profit growth trailed revenue and earnings per share declined, while the cloud computing company also announced a new chair. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Gresham Technologies PLC on Monday said it has agreed to a nearly GBP150 million takeover offer from funds advised by private equity firm STG Partners LLC. Read More
Gresham Technologies PLC - London-based software and services provider of data integrity solutions - Secures USD1.5 million contract with an unnamed customer for the company's Clareti Control system. The Clareti system is designed to address financial control, data governance and regulatory compliance problems involved in financial transactions. Gresham says that the customer is a "leading provider of cash management and retail digital solutions" with operations in over 50 countries, which will utilise the Clareti system to support its US operations. The initial contract has a minimum five-year term, and Gresham says that a further phase focused on processing payments to multiple bank partners will bring in additional subscription fees. Read More
(Alliance News) - London's FTSE 100 is to open ever-so-slightly lower on Tuesday, with trade set to be nervy ahead of the afternoon's US inflation data. Read More
Gresham Technologies PLC - London-based software and services provider focused on data integrity and control, banking integration, payments and cash management - Announces appointment of Andrew Elmore as chief technology officer. Current CTO Neil Vernon will transition to newly created role of chief product & innovation officer. Elmore was previously CTO at Glasgow-based financial control, reconciliation and data management software provider AutoRek. Prior to this he held senior technology roles at SmartStream Technologies and Banco Santander SA. Read More
Gresham Technologies PLC - London-based software and services provider focused on data integrity and control, banking integration, payments and cash management - Expects to report group revenue of GBP49.0 million, up 0.8% from GBP48.6 million in 2022. Also expects Clareti revenue to rise 6.5% to GBP37.8 million from GBP35.5 million, with recurring revenue up 8% at GBP29.6 million. Finishes 2023 with no debt and GBP4.8 million cash, down from GBP6.3 million one year prior. Drop is mainly due to GBP3.8 million final payment in relation to acquisition of Electra Information Systems Inc in 2021. Company "was able to navigate the challenging global macroeconomic conditions affecting the financial services sector" and "report a strong close" to 2023. Starts year with GBP38 million in revenue already under contract. Read More
(Alliance News) - Gresham Technologies PLC on Friday said it would discontinue its legacy IT contracting business. Read More
Gresham Technologies PLC - London-based software and services provider focused on data integrity and control, banking integration, payments and cash management - Hires Richard Last as independent non-executive chair, effective immediately. Senior Independent Non-Executive Director Andy Balchin has been serving as interim chair since July, having taken over from Peter Simmonds. Last is currently chair of Tribal Group PLC, and a non-executive director at Corero Network Security PLC. He has served as chair at various other firms including Gamma Communications PLC, Hyve Group PLC and Servelec Group PLC. Chief Executive Officer Ian Manocha says Last "brings a wealth of board experience in technology, software, and services." Read More
(Alliance News) - Gresham Technologies PLC on Thursday said it agreed a "strategic" contract with an unnamed, "Tier 1 global" asset manager. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More