Cerillion PLC Major New Contract (8508U)
March 31 2023 - 1:00AM
UK Regulatory
TIDMCER
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 GBP10 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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END
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