Cerillion PLC Contract Win (3245T)

TIDMCER

RNS Number : 3245T

Cerillion PLC

29 March 2016

AIM: CER

Cerillion plc

("Cerillion" or "the Company" or "the Group")

Contract Win

Cerillion, the billing, charging and customer relationship management ("CRM") software solutions provider, is pleased to announce that it has entered into a US$2.4 million contract with an existing customer. The customer is a multi-service communications provider in the Americas and the contract is in respect of a major upgrade to the Cerillion platform. This upgrade is part of a wider, multi-country rollout with the customer, as described in the Company's recently published AIM Admission Document.

Louis Hall, Chief Executive Officer of Cerillion, commented:

"We are very pleased to be able to announce this new contract win, which is with an important existing customer. This upgrade is part of a broader set of implementations we are undertaking for that customer and we are delighted with the continuing endorsement that this contract represents."

For further information please contact:

 
 Cerillion plc                c/o KTZ Communications 
  Louis Hall, CEO              T: 020 3178 6378 
 
 Shore Capital (Nomad and     T: 020 7408 4090 
  Broker) 
 Bidhi Bhoma 
  Toby Gibbs 
 
 KTZ Communications           T: 020 3178 6378 
 Katie Tzouliadis 
  Viktoria Langley 
  Emma Pearson 
 
 

About Cerillion

Cerillion is a leading provider of mission critical software for billing, charging and CRM, with a 16 year track record in providing comprehensive revenue and customer management solutions. The Company has 75 customer installations across 40 countries, principally serving the telecommunications market but also utilities and financial services.

Led by a highly experienced management team, the Company is headquartered in London with 164 staff in total, including 79 in Pune, India where its Global Solutions Centre is located. Cerillion's CEO, Louis Hall, led the management buyout from Logica plc in 1999. The Company has a clear growth strategy, which includes exploring potential acquisitions, expansion in the US and Australia and leveraging its recently launched, real-time convergent charging solution and its SaaS-based billing solution, Cerillion Skyline.

This information is provided by RNS

The company news service from the London Stock Exchange

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March 29, 2016 02:01 ET (06:01 GMT)