Cerillion PLC Largest Ever Contract Win (7207T)
March 29 2021 - 1:00AM
UK Regulatory
TIDMCER
RNS Number : 7207T
Cerillion PLC
29 March 2021
AIM: CER
Cerillion plc
("Cerillion" or "the Company")
Largest Ever Contract Win
Cerillion, the billing, charging and customer relationship
management software solutions provider, is pleased to announce that
it has secured its largest contract win to date, with a 10-year
agreement worth a total of $18.4m, signed with a full-service
network operator in Latin America. This contract, together with a
smaller GBP2.7m extension recently secured with an existing
customer in Europe, is anticipated to result in the Company
exceeding current management expectations for pre-tax profit in the
current financial year ending 30 September 2021.
The contract in Latin America is for the supply and
implementation of Cerillion's Enterprise BSS/OSS* Suite, the
Company's pre-integrated end-to-end CRM and billing solution, and
Cerillion's convergent solution will replace a number of legacy
platforms as part of the customer's 'Digital First' vision. The
contract includes full support services over the 10-year term. The
new customer is the main telecoms provider in its national market,
supplying fixed, pre and post-paid mobile, and broadband services
to both B2B and B2C customers.
The tender process for the contract was rigorous and
extensive.
Louis Hall, CEO of Cerillion, said,
"We are delighted to welcome another national network operator
to the Cerillion platform, and are extremely pleased to have
reached a new milestone in signing this new, long-term agreement.
It is our largest new contract win to date and follows recent major
new customer wins in Europe and the Middle East."
*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.
For further information please contact:
Cerillion plc c/o KTZ Communications
Louis Hall, CEO T: 020 3178 6378
Oliver Gilchrist, CFO
Liberum (Nomad and Broker) T: 020 3100 2000
Bidhi Bhoma, Euan Brown, 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 90 customer installations across over 40 countries.
Headquartered in London, Cerillion also has operations in Pune,
India, where its Global Solutions Centre is located, Miami and
Sydney.
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END
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