Gresham Technologies plc announced a new name Clareti contract win in the US investment management industry. The firm, which offers active equity and fixed-income solutions to institutional and private clients, has selected Gresham to help automate and reduce costs in its investment operations with a cloud solution covering data collection from custodians and brokers, data aggregation, reconciliation against internal books and records, and exception management processes. Following an extensive evaluation of market options, the firm selected Control for Investment Management delivered as a service in the Clareti Cloud.

The contract includes minimum subscription fees of $240,000 per annum over an initial five year committed term, with potential for incremental subscription fees through optional managed services and usage expansion. Additional fees for professional services will be generated in connection with the implementation project.