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CER - Cerillion News Story

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Last Trade - 15/01/21

Sector
Technology
Size
Small Cap
Market Cap £116.0m
Enterprise Value £113.9m
Revenue £20.8m
Position in Universe 961st / 1800

Cerillion PLC - Largest Ever Contract Win

Tue 15th September, 2020 7:00am
RNS Number : 9609Y
Cerillion PLC
15 September 2020
 

 

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.

 

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