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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 - Major Contract Win

Fri 17th March, 2017 7:00am
RNS Number : 7450Z
Cerillion PLC
17 March 2017

17 March 2017

AIM: CER

Cerillion plc

("Cerillion" or "the Company")

Major Contract Win

Cerillion, the billing, charging and customer relationship management ("CRM") software solutions provider, is pleased to announce that it has won a major new contract with an initial value of 2.4m with a wholesale telecoms operator in Europe. The contract, secured after a competitive tender process, is for the supply of the Company's enterprise CRM and billing solution and the on-going provision of a managed service to operate it. Cerillion expects the contract implementation to be completed over the next 9 to 12 months. The new contract will help to underpin existing market expectations for the financial year.

Following this contract win, the Companyhas achieved new sales in the current financial year with a value of 13.2m, all with varying implementation periods.

Louis Hall, Chief Executive Officer of Cerillion, commented:

"I am delighted to announce this major contract win in Europe for our core Enterprise BSS/OSS solution. We believe that our new customer will be a key player in the evolution of its market and look forward to supporting this process. Our pre-integrated billing platform will provide a wholesale billing solution that will eventually serve multiple communications service providers."

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

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 approximately 80 customer installations across over 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 operations in Pune, India where its Global Solutions Centre is located.


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