REG - Cerillion PLC - Major Contract Win <Origin Href="QuoteRef">CER.L</Origin>

CerillionAnnouncement

28/11/2016 07:06

RNS Number : 2347Q
Cerillion PLC
28 November 2016
AIM: CER
Cerillion plc
("Cerillion" or "the Company" or "the Group")
Major Contract Win
Cerillion, the billing, charging and customer relationship management ("CRM") software solutions provider, is pleased to announce that it has signed a follow-on contract worth US$2.8 million for its core enterprise charging, billing and CRM solution with an existing customer in the Americas. This represents the second phase of a $4.1m contract extension, the first $1.3m of which was closed prior to year-end.
Louis Hall, Chief Executive Officer of Cerillion, commented:
"This significant new contract deepens our existing relationship with this major telecoms provider, and is a testimony to the quality of our product and the implementations we have already delivered to this customer in the Americas. We are delighted with this endorsement."
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 17 year track record in providing comprehensive revenue and customer management solutions. The Company has 79 customer installations across 42 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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