Last checked at 15 Sep 2020 07:00
15 September 2020
AIM: CER
Cerillion plc
("Cerillion" or "the Company")
Largest Ever Contract Win
Cerillion, the billing, charging and customer relationship management software solutions provider, is pleased to announce its largest ever contract win in an agreement worth £11.2m with a major UK provider of enterprise connectivity solutions. The majority of income, including software licences and services, is expected to be recognised in the next 12 months, and the contract has an overall term of five years.
The contract is for the supply and implementation of Cerillion's Enterprise BSS/OSS* Suite, the Company's pre-integrated end-to-end CRM and billing solution. It will be delivered in a private cloud to support the full 'lead-to-cash' process for a wide range of unified communications services. The contract was awarded following an extended competitive selection process, and delivery is scheduled to begin immediately.
Louis Hall, CEO of Cerillion, said:
"We are delighted to have been awarded this major contract, the biggest single win in Cerillion's history. During the selection process our end-to-end capabilities and reputation for successful delivery proved to be the differentiating factors over our competition. This is the latest demonstration of the ongoing momentum of the business and increasing recognition of the quality of our solutions."
*Business Support System/Operations Support System
This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation (EU) 596/2014. The person responsible for making this announcement on behalf of the Company is Oliver Gilchrist.
For further information please contact:
Cerillion plc Louis Hall, CEO Oliver Gilchrist, CFO | c/o KTZ Communications T: 020 3178 6378 | |
Liberum (Nomad and Broker) Bidhi Bhoma, Euan Brown, William Hall | T: 020 3100 2000 | |
KTZ Communications | T: 020 3178 6378 | |
Katie Tzouliadis, Dan Mahoney |
About Cerillion
www.cerillion.com
Cerillion is a leading provider of mission critical software for billing, charging and customer relationship management ("CRM"), mainly serving the telecommunications market but also other sectors such as utilities and financial services. The Company currently has over 90 customer installations across over 40 countries. Headquartered in London, Cerillion also has operations in Pune, India, where its Global Solutions Centre is located, Miami and Sydney.