Cerillion shares jump on GBP3.7m contract win

(Sharecast News) - Cerillion shares surged on Monday after the company won a major new contract worth £3.7m with a telecoms provider in Asia.
The billing, charging and customer relationship management software solutions provider said the contract is for the supply of its Enterprise BSS/OSS* Suite and was awarded after an extensive competitive tender process.

This initial phase of the contract is expected to be delivered by the end of November, with the contract then likely to be extended to enable the new solution to support fixed-wire services.

Louis Hall, chief executive of Cerillion, said: "We are delighted to have secured this major contract following a highly competitive tender process. The win reflects the quality of our product suite, our reputation for high service standards, and our ability to deliver solutions within challenging timescales."

Cerillion shares were up 10.00% at 176.00p at 0955 BST.