Last checked at 11 Jul 2016 07:00
11 July 2016
AIM: CER
Cerillion plc
("Cerillion" or "the Company" or "the Group")
Contract Win
Cerillion plc, the billing, charging and customer relationship management ("CRM") software solutions provider, today announces it has secured a new contract with a major new customer. The contract is with a 4G/LTE telecommunications provider in the EMEA region and is worth an initial £2.1 million. The contract is for the licence, implementation and ongoing support of the Company's enterprise CRM and billing solution, including its convergent charging suite. The contract was secured after a global tender process and Cerillion expects its implementation to be completed over the next six to nine months. The new win underpins existing market expectations.
Louis Hall, CEO of Cerillion, commented:
"I am delighted to announce this major contract win with a new customer in the EMEA region after a competitive tender process. Our Enterprise solution is advanced, functionally rich and fully integrated and provides a full end-to-end billing solution. We have added a real-time convergent charging system to our capability which enhances the attractiveness of our product and we look forward to commencing the implementation."
For further information please contact:
Cerillion plc Louis Hall, CEO Oliver Gilchrist, CFO |
| c/o KTZ Communications T: 020 3178 6378 |
Shore Capital (Nomad and Broker) |
| T: 020 7408 4090 |
Bidhi Bhoma Toby Gibbs |
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KTZ Communications |
| T: 020 3178 6378 |
Katie Tzouliadis Viktoria Langley Emma Pearson |
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About Cerillion
Cerillion is a leading provider of mission critical software for billing, charging and CRM, with a 16 year track record in providing comprehensive revenue and customer management solutions. The Company has 75 customer installations across 40 countries, principally serving the telecommunications market but also utilities and financial services.
Led by a highly experienced management team, the Company is headquartered in London and also has operations in Pune, India where its Global Solutions Centre is located. Cerillion's CEO, Louis Hall, led the management buyout from Logica plc in 1999. The Company has a clear growth strategy, which includes exploring potential acquisitions, expansion in the US and Australia and leveraging its recently launched, real-time convergent charging solution and its SaaS-based billing solution, Cerillion Skyline.