REG - Cerillion PLC - Major New Contract

CerillionAnnouncement

20/01/2025 07:00

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RNS Number : 8502T  Cerillion PLC  20 January 2025

AIM: CER

Cerillion plc

("Cerillion" or "Company")

Major New $11.4m Contract Win

 

Cerillion, the billing, charging and customer relationship management software
solutions provider, is pleased to announce that it has signed a major new
contract, worth $11.4m, with a national telecoms operator in the Caucasus
region. The initial term of the agreement is five years, and it has scope to
expand further over time. The new contract supports existing consensus market
guidance.

Cerillion will be providing its BSS/OSS software to support over one million
B2B and B2C customers across fixed, mobile, broadband and TV services.
Implementation work is commencing immediately, and the revenue benefits will
start to come through meaningfully in the second half of the current financial
year.

The Company's model of providing an out-of-the-box, but highly configurable
solution, which can support the whole range of a telecom provider's offering
on a single SaaS-based platform was a major differentiator in the selection
process. In addition, Cerillion's solution is upgraded regularly, with new
features, and with industry standard APIs across the suite. This is
operationally and financially highly attractive and contrasts with the
prevailing bespoke approach, which is dominant across the market. A bespoke
approach is traditionally associated with multiple years of implementation,
higher risk and substantially higher costs.

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

"After a rigorous tender process, we are delighted to have been awarded this
contract.  It is another demonstration that our SaaS-based, productised
approach is highly attractive, both financially and operationally, when
compared to traditional bespoke solutions.

"The decision over what approach to take for the enterprise software layer is
a critical one. Our solution enables telcos to monetise their network
infrastructure assets, increase revenue from their assets, enhance
efficiencies and drive the customer experience at lower cost and more simply
than other solutions."

For further information please contact:

 Cerillion plc                                     c/o KTZ Communications

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

 Panmure Liberum (Nomad and Joint Broker)          T: 020 3100 2000
 Bidhi Bhoma, Edward Mansfield, Freddie Wooding

  Singer Capital Markets (Joint Broker)             T: 020 7496 3000

 Rick Thompson, James Fischer

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

 

About Cerillion

Cerillion has a 25-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 also has operations in India and Bulgaria
as well as a sales presence in the USA, 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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