Gresham wins €2m Nordic banking contract

Gresham Technologies has won a €2m contract with one of the largest financial services groups in the Nordic region.

The bank will use Gresham's system as part of a modernisation programme in its wholesale banking operations.

Half of the contract value is immediately recognisable; the rest will be recognised over the initial five-year term of the contract.

Gresham said there is potential for consulting services revenue as well as additional licence revenue in future years as the bank's use of the platform grows.

At 10:33am: (LON:GHT) Gresham Computing PLC share price was +11.5p at 191.5p