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CER - Cerillion News Story

415p 1.0  0.2%

Last Trade - 05/03/21

Sector
Technology
Size
Small Cap
Market Cap £121.7m
Enterprise Value £119.5m
Revenue £20.8m
Position in Universe 958th / 1807

Cerillion PLC - Contract Win

Tue 29th March, 2016 7:01am
RNS Number : 3245T
Cerillion PLC
29 March 2016

AIM: CER

Cerillion plc

("Cerillion" or "the Company" or "the Group")

Contract Win

Cerillion, the billing, charging and customer relationship management ("CRM") software solutions provider, is pleased to announce that it has entered into a US$2.4 million contract with an existing customer. The customer is a multi-service communications provider in the Americas and the contract is in respect of a major upgrade to the Cerillion platform. This upgrade is part of a wider, multi-country rollout with the customer, as described in the Company's recently published AIM Admission Document.

Louis Hall, Chief Executive Officer of Cerillion, commented:

"We are very pleased to be able to announce this new contract win, which is with an important existing customer. This upgrade is part of a broader set of implementations we are undertaking for that customer and we are delighted with the continuing endorsement that this contract represents."

For further information please contact:

Cerillion plc

Louis Hall, CEO

c/o KTZ Communications

T: 020 3178 6378

Shore Capital (Nomad and Broker)

T: 020 7408 4090

Bidhi Bhoma

Toby Gibbs

KTZ Communications

T: 020 3178 6378

Katie Tzouliadis

Viktoria Langley

Emma Pearson

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 with 164 staff in total, including 79 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.


This information is provided by RNS
The company news service from the London Stock Exchange
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