On 15 May 2013, we announced that the Group was engaged in a number of paid projects with global financial institutions for the deployment of CTC. The Board is pleased to announce that the first of these projects, with a major financial services company in the Asia Pacific region, has moved to signed contract for the purchase of CTC as a platform technology from which to complete a major intersystems reconciliation project.

Chris Errington, CEO of Gresham, commented:

“CTC is a flexible platform technology for the matching and reconciliation of transactions, including: Intersytems, OTCs and Swaps, Exchange Traded Derivatives, Trade and Position, Accounts Receivables, Cash and Reference Data.

I am pleased to see the CTC platform being deployed on this multi-system migration project, providing certainty to the migration and simplifying the customer’s business.”

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Jake Sweeney has been appointed Sales Director of APAC based in Sydney and Spencer Black, Senior Sales Executive focusing on the UK market.

“With our recent office opening in Melbourne and expansion across Sydney and London, we were looking for talented individuals to accommodate our rapid growth,” said Bill Blythe, Global Business Development Director, Gresham Computing. “Both Jake and Spencer have the knowledge and expertise to serve our growing client base and we are delighted to have them on board.”

Sweeney brings with him over 15 years’ experience in financial services. He has served in numerous roles at SmartStream and most recently was the Sales Manager for Australia and New Zealand. Under his leadership, the Australasia region grew year on year, outperforming all other regions. Prior to this, he was part of CheckFree, now Fiserv, in a Senior Consultancy role. Sweeney was also the Special Engagements Lead at Mercator Software.

Prior to Gresham, Black was part of SmartStream’s London operations where he held the role of Senior Sales Executive. He was responsible for mainstream accounts across the buy and sell-side and helped generate licensing and professional services from existing and new clients. With 15 years’ experience in the financial services space, he has worked in various senior sales positions at Complinet, Link Asset & Securities, now ICAP and Advent Software.

In their new roles, Sweeney and Black will report into Bill Blythe, Global Business Development Manager.

About Gresham Computing
Gresham Computing plc is a leading provider of software solutions to international financial institutions and corporates and is listed on the main market of the London Stock Exchange (GHT.L). We service over 100 major blue-chip customers, many of whom have been customers for over thirty years. Our customers include several of the world’s largest financial institutions, served locally from offices located in Europe, North America and Asia.

Further information can be found at www.gresham-computing.com or follow us on Twitter @Greshamplc

For more information contact:
Chris Errington, CEO
Gresham Computing
T: +44 20 7653 0200
E:

For press enquiries contact:
E: Nicole Angerone McLeod
Metia Ltd
T: +44 20 3100 3560
E:

The results of the proxy votes lodged in advance of the Annual General Meeting will be available on Gresham’s website www.gresham-computing.com shortly.

In accordance with the Company’s obligations under Listing Rule 9.6.2, copies of the resolutions passed have been submitted to the National Storage Mechanism and are available for viewing at www.hemscott.com/nsm.do

Click here to see the “RESOLUTIONS PASSED AT AGM HELD ON 15th May 2013″>>

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• We have advanced a number of CTC opportunities with global financial institutions from proof of concepts to paid projects for the deployment of CTC in Asia Pacific and EMEA – we expect a number of these paid projects to proceed to full contractual engagements in due course, certain of which would be of significant value to the Group;
• On the back of our accelerated investment in sales and marketing earlier this year, we are growing our qualified CTC opportunity pipeline for the second half of 2013 and beyond.

Our continuing trading performance for the first quarter of 2013 is in line with management expectations and the Group’s financial position remains strong. On 11 March 2013, we announced the disposal of our Banking and Lending business operating in the Caribbean market, allowing us to focus attention on our strategic objectives for CTC in North America. The total consideration received was £0.5 million, generating a loss on disposal of approximately £0.3 million with a net cash inflow of approximately £0.3 million.

Based on the significant strategic progress made so far this year, the Board is confident that 2013 will be a pivotal year for the Group as CTC is rolled out to a growing list of customers and we establish solid new revenue streams for the Group.

Ken Archer, Chairman of Gresham, commented:

“I am pleased to report that the Company has made significant progress in the execution of its strategy to concentrate investment and sales efforts on CTC with the objective of achieving market leadership in financial transaction control and cash management. We are building a high-quality recurring revenue stream with leading financial institutions globally as well as with financial operations in non-finance verticals. CTC sales momentum will drive revenues for the remainder of 2013 and beyond.”

For further information please contact:

Gresham is seeing strong interest in its flagship Clareti Transaction Control (CTC) solution from banks and financial institutions across the region as they look to put in place real-time transaction controls to reduce operational risk, and also to improve and expand the services they offer to customers. A key factor in this interest is the ability with CTC to rapidly on-board existing and emerging reconciliations onto a robust, best in class enterprise wide control platform to counter existing and emerging risks. This contrasts with existing ‘point’ solutions that are inflexible and which lack the integrity of purpose-built productised platforms.

“There is strong interest in CTC right across the Asia Pacific region – both from investment banks looking to implement real-time transaction controls, as well as from corporates seeking receivables matching solutions,” said Tom Olsson, Managing Director, Gresham Computing Asia Pacific. “We are firmly committed to investing and growing our presence in the region – by expanding our footprint and investing in new people. We are delighted to have significantly grown our team in Australia on the back of our successful partnership with ANZ and look forward to further growth throughout 2013.”

About Clareti Transaction Control
Gresham’s Clareti Transaction Control solution (CTC) enables customers to quickly and accurately identify and resolve operational risks, reduce financial transaction loss events, optimize business performance, and comply with regulatory requirements. Gresham’s approach allows real-time, business driven controls to be put in place as soon as a new financial product is created. This means any errors can be identified and rectified from the start (T+0), preventing potential discrepancies or loss events. Unless controls are put in place at the beginning, errors will often only come to light much later in the transaction lifecycle, for example, after the trade has been completed and an error is identified during the nostro reconciliation process.

Based on the latest technology, Gresham’s solution offers maximum flexibility and adaptability to respond to changing needs. This is in complete contrast to legacy hard-coded systems which are cumbersome, costly and time consuming to change.

About Gresham Computing
Gresham Computing plc is a leading provider of software solutions to international financial institutions and corporates and is listed on the main market of the London Stock Exchange (GHT.L). We service over 100 major blue-chip customers, many of whom have been customers for over thirty years. Our customers include several of the world’s largest financial institutions, served locally from offices located in Europe, North America and Asia.

Further information can be found at www.gresham-computing.com or follow us on Twitter @Greshamplc

For more information contact:
Chris Errington, CEO
Gresham Computing
T: +44 20 7653 0200
E:

Tom Olsson, Managing Director, Asia Pacific
Gresham Computing
T: +61 (0)2 8514 7007
E:

For press enquiries contact:
E: Nicole Angerone McLeod
Metia Ltd
T: +44 20 3100 3560
E:

Highlights for 2012

• Real-Time Financial Solutions revenues up 10%;
• Profit before tax up 15% to £1.6m (2011: £1.4m);
• Basic EPS up 12% to 3.38 pence (2011 – 3.01 pence)
• Net Cash £2.9m and no debt (2011 £3.6m and no debt);
• Currently working on a number of significant opportunities for CTC in the bank and non-bank markets; and
• Management confident about outlook.

Chris Errington, CEO of Gresham, commented:

“2012 was a strong year for Gresham in both strategic and financial terms. We made significant progress in building our recurring annuity base whilst also achieving substantial progress to re-align the business in support of our strategy to position the Company to be a leader in cash and transaction management solutions. With much of the groundwork now done we fully expect 2013 to be a pivotal year for the Group as we commercialise CTC. I am pleased to say that our growth plans remain on track and the management team remains excited about the future prospects for the Company.”

A copy of this announcement has been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.hemscott.com/nsm.do and www.gresham-computing.com. Printed copies of the Annual Financial Report will be posted to shareholders in due course.

Click here to view the “Annual Financial Report Announcement” in full>>

For further information please contact:

Banks are sinking in a sea of regulatory change and are required to reconcile and report even faster than at any other time in history. The average bank performs hundreds of manual and non-supported reconciliations daily because of the high cost and time to configure and deploy on legacy systems. The backlog is growing not shrinking. The problem is getting worse and the exposure to risk increasing.

Join Gresham’s senior management team and your peers to see how Gresham’s CTC solution is solving this problem today.

Entrance to this event is by invitation only and interested parties should contact Jake Sweeney at the address below to discuss attendance.

Gresham Computing, Level 3, 90 Mount Street, North Sydney, NSW 2060, Australia.
or use our Contact Us web form.

GCIC is registered in Ontario, Canada and is a trusted provider of Banking and Lending solutions predominantly to the Caribbean banking and financial institution market.

The total consideration received was £0.5 million, representing a settlement of the inter-company debt owed by GCIC to Gresham and a nominal amount for the shares of GCIC. The consideration was satisfied in cash in full on closing. The sale proceeds from the disposal will be used for general corporate purposes.

The unaudited gross assets of GCIC as at 31 December 2012 were £0.4 million, the unaudited revenue of GCIC for the year ended 31 December 2012 was £1.8m and the unaudited profit or loss, after allocation of central costs for group segmental analysis purposes, was £nil million. The group loss on disposal of GCIC is approximately £0.3 million with a net cash inflow of approximately £0.3 million. The disposal is expected to have little impact on the Group’s ongoing profitability at an operating level.

Chris Errington, CEO of Gresham, commented:

“We are pleased to announce the disposal of our Banking and Lending business, whose employees and customers will benefit from being owned by a company that has a strong presence in the Caribbean market with existing core strengths in financial markets.

This transaction represents the final step in the restructuring and refocusing of Gresham’s activities, which to date has resulted in a transition to stability, profitability and growth. The disposal allows us to focus attention on our strategic objectives for Clareti Transaction Control in North America, through further investment in our Gresham North American business, based in Denver Colorado, which already supports software deployments at over fifty major customers globally; over twenty of which are major financial institutions.”

For further information please contact:

Gresham has extensive expertise in implementing transaction and cash control solutions. At Giveall, Gresham has integrated the Barclays IFS Banking and Faster Payment platforms into the Giveall online fundraising and Giveall Payroll Giving platform – allowing Giveall to receive, control and manage the transactions and cash associated with fundraising activities. The solution automatically creates a Giveall online bank account for every charity and non-profit organisation user that registers with Giveall. These accounts operate seamlessly and quite separately from the users’ regular bank accounts. Donors can accumulate funds in their donor accounts and incur no transfer charges on distributions made to charities.

A key selling point of Giveall’s business model compared to other giving platforms is that there are zero transaction costs, necessitating an efficient and effective handling of transactions. Gresham’s implementation of Barclays IFS provides significant straight-through reconciliation (STR) and control advantages for Giveall. The software eliminates the need for re-keying and other high-cost, manually-intensive operations while increasing overall control so that Giveall can manage transactions and cash in the most efficient way possible, while providing complete transparency.

“We believe that nobody should be making money from the giving of others. Donors have the right to expect their donation to reach the charity or good cause of their choice without others removing commission or unnecessary transaction fees,” explains Tim Odell, CEO, Giveall2charity. “To deliver this service in the most cost effective way it is essential that we have the right software in place. We are delighted to be partnering with Gresham via our bank to help achieve this.”

“We’re thrilled to be supporting Giveall as they launch their online commission-free giving service across the UK,” said Chris Errington, CEO, Gresham Computing. “We are implementing technology that brings significant transaction control benefits as well as providing straight through reconciliation, assisting Giveall in achieving their strategic goals.”

About Gresham Computing
Gresham Computing plc is a specialist provider of software based solutions that enable customers to achieve real-time financial certainty in transaction and cash management. Our customers include several of the world’s largest financial institutions and companies, served locally from offices located in Europe, North America and Asia.

Further information can be found at: www.gresham-computing.com

About Giveall2charity
Giveall is an online, commission-free fundraising and giving platform. It supports charities, schools, churches, Community Amateur Sports Clubs – CASCs, universities, hospitals and other not-for-profit organisations and NGOs in the UK, their supporters, fundraisers, donors and sponsors worldwide. It allows donors to give to their favourite good causes online and charities and fundraisers to generate donations and sponsorship. It also supports HMRC-approved Giveall Payroll Giving, the most tax-effective way to support charity, and is the only payroll giving agency that doesn’t charge commission or transaction fees. Its fully automated systems make administration minimal and charities receive their money within 48 hours. Giveall also provides a proprietary banking platform and consolidated cash management solution where all non-profits can transfer their funds at no cost and where smaller organisations can enjoy the higher rates of interest that were previously the domain of larger charities.

Further information can be found at: https://www.giveall.org/

For more information contact:
Chris Errington, CEO
Gresham Computing plc
T: +44 20 7635 0200
E:

For press enquiries contact:
Chanda Gathani
Metia Ltd
T: +44 20 3100 3605
E:

If you would like to attend, please contact us:

Event	Venue	Date
Reconciliation Experts Alumni Evening http://www.gresham-computing.com	Gresham Offices, 27/28 Queen Street, London, UK	28th Feb 2013 [18.00]
Representatives
Gresham Executive Management and Development Champions