REG - Cerillion PLC - Major new contract

CerillionAnnouncement

21/06/2023 07:00

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RNS Number : 3585D  Cerillion PLC  21 June 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 that it has signed a major new
six-year contract worth a total of £15.1 million. All of the revenue is
subscription income that will be recognised over the term of the contract, and
will support current consensus market forecasts.

 

The contract has been signed with an existing telecommunications customer,
which operates in Europe, and has been a customer for the past four years. It
encompasses managed services, support and subscription to Cerillion's
Evergreen Software Programme, which provides continuous access to Cerillion's
latest product developments.

 

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

 

"We are delighted to further extend and broaden our relationship with this
customer. It is another demonstration of the clear operational and commercial
benefits of our solutions. Telecommunications companies are looking for
solutions that enable them to drive more revenue from their network
infrastructure and improve their end-customers' experience.  Our solutions
efficiently and cost-effectively meet this need."

 

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 India, 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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