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CER - Cerillion News Story

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Last Trade - 05/03/21

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

RCS - Cerillion PLC - Re: Gartner's 2016 Magic Quadrant report

Mon 24th October, 2016 7:00am
RNS Number : 2320N
Cerillion PLC
24 October 2016


Cerillion plc

("Cerillion" or "the Company")

Cerillion moves to "Visionaries" quadrant

in Gartner's 2016 Magic Quadrant report

Cerillion, the billing, charging and customer relationship management ("CRM") software solutions provider, is pleased to announce that it has been positioned in the "Visionaries" quadrant of Gartner's recently published report, "Magic Quadrant for Integrated Revenue and Customer Management (IRCM) for CSPs". Gartner is the world's leading information technology research and advisory company.

Cerillion has moved from Niche Players designation in 2015 and this is the third consecutive year that Cerillion has been included in this annual review of CSPs, reflecting - we believe - the Company's growing stature and reputation as a leading IRCM vendor.

Gartner's Magic Quadrant report evaluates vendors across a broad range of criteria including product strategy, sales & marketing strategies, innovation and client references, and companies are positioned according to "completeness of vision" and "ability to execute". Gartner evaluated Cerillion Enterprise, the company's pre-integrated BSS/OSS suite, as well as Cerillion Skyline, its Software-as-a-Service (SaaS) billing and subscription management solution.

Louis Hall, CEO of Cerillion, commented:

"We believe that receiving recognition from Gartner validates our strategy and we are delighted with our position in the Visionaries quadrant of this prestigious industry report.

Digitalisation means that companies in all sectors need to be able to adapt and evolve quickly to remain relevant and be successful in increasingly competitive markets.

As a supplier of mission critical business solutions, our role is to anticipate future trends and equip our customers with the tools they need to innovate and differentiate their services in this rapidly changing business landscape."

*Gartner Magic Quadrant for Integrated Revenue and Customer Management for CSPs by Norbert J Scholz, Jouni Forsman, Amresh Nandan, 17 October 2016

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

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.

The Company is headquartered in London and also has operations in Pune, India where its Global Solutions Centre is located.

About the Gartner Magic Quadrant

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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