CTC Contract Extension

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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