19th May 2014 09:32
LONDON (Alliance News) - Gresham Computing PLC Monday said its Clareti Transaction Control product had produced GBP1.1 million of revenue in the first quarter of 2014, up from just GBP0.1 million a year earlier.
The software company, which specialises in transaction control software, had been focusing on commercialising Clareti over the past year. In the first quarter of this year, an unnamed bank bought the product for real-time intersystems matching and reconciliation, expanding this account, and a back office processing company serving clients across Asia Pacific bought it to provide real-time matching and reconciliation.
"I am pleased to report we continue to make excellent tangible progress in the execution of our CTC led strategy, building revenues, customer numbers and prospects in our chosen markets. We remain confident that there is a lot more to come from Gresham in 2014 and beyond," Chief Executive Chris Errington said in a statement.
Gresham Computing shares last traded at 131 pence.
By Steve McGrath; [email protected]; @SteveMcGrath1
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