REG - Cerillion PLC - Major New Contract

CerillionAnnouncement

31/03/2023 07:00

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RNS Number : 8508U  Cerillion PLC  31 March 2023

AIM: CER

Cerillion plc

("Cerillion" or "the Company")

Major New Contract

 

Cerillion, the billing, charging and customer relationship management software
solutions provider, is pleased to announce it has signed a major new contract
worth £10 million with an existing telecommunications customer, which
operates in EMEA (Europe, the Middle East and Africa). The new contract will
support current consensus market forecasts.

 

The new contract has a 10-year term, and the customer will be upgrading its
core BSS platform to Cerillion 23.1 and joining Cerillion's Evergreen Software
Programme, which enables customers to gain continuous access to Cerillion's
latest product developments. The customer has also chosen to extend its
software licence and support agreements to support future growth. Cerillion's
relationship with the customer extends back over 20 years.

 

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

 

"We are delighted to be deepening our relationship with this important
customer. The company has chosen to broaden its take-up of our modules and
services. These pre-integrated modules can be adopted together for a fully
comprehensive solution or used individually for select functions. As this
major new contract demonstrates, over time, we typically find that customers
that have originally selected elements of our offering go on to adopt more
modules, given the attractive commercial and operational benefits."

 

For further information please contact:

 

 Cerillion plc                                c/o KTZ Communications
 Louis Hall, CEO                              T: 020 3178 6378
 Andrew Dickson, CFO

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

 Singer Capital Markets (Joint Broker)        T: 020 7496 3000
 Rick Thompson, George Tzimas, James Fischer

 KTZ Communications                           T: 020 3178 6378
 Katie Tzouliadis, Robert Morton

 

About Cerillion

Cerillion has a 23-year track record in providing mission-critical software
for billing, charging and customer relationship management ("CRM"), mainly to
the telecommunications sector but also to other markets, including utilities
and financial services. The Company has c. 80 customer installations across c.
45 countries.

Headquartered in London, Cerillion has operations in Pune, India, where its
Global Solutions Centre is located, as well as in Bulgaria, Belgium, Singapore
and Australia.

The business was originally part of Logica plc before its management buyout,
led by CEO, Louis Hall, in 1999. The Company joined AIM in March 2016.

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