REG - Cerillion PLC - Major Contract Win

CerillionAnnouncement

06/07/2022 07:00

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RNS Number : 4292R  Cerillion PLC  06 July 2022

AIM: CER

 Cerillion plc

("Cerillion" or the "Company")

 

Major Contract Win Worth £15m

 

Cerillion, the billing, charging and customer relationship management software
solutions provider, is pleased to announce that it has agreed terms for a
10-year contract, worth approximately £15m, with a new telecommunications
customer. This contract continues the trend evident over the last two years of
winning larger, Software-as-a-Service-based contracts, and follows a major
agreement signed in March 2021 with a large South American telecommunications
provider. The new customer is a full-service network operator and service
provider, offering a full range of mobile, fixed and broadband services, and
is the largest full-service provider in its territory. The new contract helps
to underpin existing market forecasts for the current financial year and
beyond.

 

Under the terms of the contract, Cerillion's flagship BSS/OSS* suite will
replace existing product management, customer relationship management ("CRM"),
charging, billing, service orchestration and network inventory systems in a
significant digital transformation project. Cerillion will supply and
implement the solution, providing it within a private Cloud deployment. The
Company will also provide managed services as well as maintenance and support
following implementation.

 

The contract was secured after a rigorous tender process, and implementation
starts immediately.

 

Louis Hall, Chief Executive Officer of Cerillion plc, said:

 

"We are delighted to have signed this major new contract, which continues the
Company's trend of winning larger, SaaS-based contracts. We see this win as
further proof of increasing market recognition of the quality of our
pre-integrated solution and the clear commercial advantages it offers.

 

"Customers are looking for solutions that support greater efficiencies,
increased automation and swift and easy new product and service launches. Our
offering is an out-of-the-box solution that delivers all these benefits
quickly and cost effectively."

*Business Support System/Operations Support System

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the company's obligations under Article 17 of
MAR.

 Cerillion plc                                c/o KTZ Communications

 Louis Hall, CEO, Andrew Dickson, CFO         T: 020 3178 6378

 Liberum (Nomad and Broker)                   T: 020 3100 2000
 Bidhi Bhoma, Cameron Duncan, William Hall

 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 80 customer installations
across over 44 countries. Headquartered in London, Cerillion also has
operations in Pune, India, Sofia, Bulgaria and Sydney, Australia.

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