Last checked at 14 Jun 2019 07:00
14 June 2019
AIM: CER
Cerillion plc
("Cerillion" or "the Company")
Major New Contract Win
Cerillion, the billing, charging and customer relationship management software solutions provider, is pleased to announce that it has secured a major contract worth an initial £5.1m with the Danish telecom and utility company, SE Group. This new win, reflecting the Company's trend towards larger deal sizes, supports existing market forecasts.
The contract covers the supply and installation of Cerillion's Enterprise BSS/OSS* suite. A significant proportion of revenue will be recognised in the current financial year, reflecting the software licence element of the contract, and the initial implementation will be delivered over the next 12-18 months. As with other new customer wins, Cerillion sees the potential for additional revenues to be generated as the relationship expands over time.
SE Group provides telecoms and TV services through its two brands, Stofa and Boxer. The Group holds a strong position within Denmark as the nation's second largest provider of broadband and television.
The Enterprise BSS/OSS suite covers the provision of back office and operational support systems, including CRM, billing, order management, workflow, network provisioning and self-care functionality. The win was secured following an extensive, competitive selection process.
Niels Duedahl, CEO of SE Group, said:
"Following a thorough assessment of the global market, we have selected Cerillion as our future platform for our telecom services. Cerillion has demonstrated a strong track record of implementations and has an impressive portfolio of customers."
Louis Hall, CEO of Cerillion, said:
"We are delighted to have secured this new contract with a large European energy provider. Our Enterprise suite provides a comprehensive, pre-integrated, end-to-end solution. This is a significant win for the Company reflective of the larger contracts we are now securing, and will benefit revenues and earnings in the current financial year and beyond."
*Business Support System/Operations Support System
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 | |
Toby Gibbs, Mark Percy | ||
KTZ Communications | T: 020 3178 6378 | |
Katie Tzouliadis, Dan Mahoney |
About Cerillion
www.cerillion.com
Cerillion has a 19-year track record in providing mission-critical software for billing, charging and customer relationship management ("CRM"), mainly to the telecommunications sector but also to other markets, including utilities and financial services. The Company has approximately 90 customer installations across 44 countries.
Headquartered in London, Cerillion has operations in Pune, India, where its Global Solutions Centre is located, Sydney and Miami.