07 October 2015

Gresham positive at year end

04 February 2014  |  1034 views  |  0 Source: Gresham

Gresham, the specialist provider of software based solutions that enable customers to achieve real-time financial certainty in transaction and cash management, is pleased to provide the following trading update for the year ended 31 December 2013.

Trading strengthened as expected during the second half of 2013, principally driven by strong growth in CTC revenues. Our financial position remains strong, with cash at the end of January 2014 of £5.6m and no debt.

Since our update on 3 December 2013:

· A major financial derivatives dealer purchased CTC for real-time matching and reconciliation, replacing an established incumbent reconciliations vendor;

· A major bank purchased CTC for real-time intersystems matching and reconciliation;

· CTC user growth through channel partners accelerated confirming new annuity revenues for 2014; and

· We continue to win CTC paid proof-of-concept engagements.

Chris Errington, CEO Gresham, commented:

"We continue to make strong progress with commercializing CTC, adding further high quality customers and building additional market demand. We are confident of further progress in 2014 given CTC's proven market acceptance and a successful expansion of our global sales operation, including a head of marketing and new sales personnel in New York and Singapore."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news


Top topics

Most viewed Most shared
Shaping the Future of Banking: an event fo...
10458 views comments | 4 tweets | 2 linkedin
BNP Paribas to pilot cards with dynamic CV...
6908 views comments | 32 tweets | 37 linkedin
Worldpay trials facial recognition technol...
6659 views comments | 24 tweets | 39 linkedin
Faster Payments eases access for challenge...
4568 views comments | 20 tweets | 25 linkedin
Retail security bashing lobby group ABA ad...
4354 views comments | 16 tweets | 8 linkedin

Featured job

to $120K base, double OTE, benefits
New York City, NY or Boston, MA (USA)

Find your next job