Cerillion PLC Major Contract Win (2347Q)

TIDMCER

RNS Number : 2347Q

Cerillion PLC

28 November 2016

AIM: CER

Cerillion plc

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

Major Contract Win

Cerillion, the billing, charging and customer relationship management ("CRM") software solutions provider, is pleased to announce that it has signed a follow-on contract worth US$2.8 million for its core enterprise charging, billing and CRM solution with an existing customer in the Americas. This represents the second phase of a $4.1m contract extension, the first $1.3m of which was closed prior to year-end.

Louis Hall, Chief Executive Officer of Cerillion, commented:

"This significant new contract deepens our existing relationship with this major telecoms provider, and is a testimony to the quality of our product and the implementations we have already delivered to this customer in the Americas. We are delighted with this endorsement."

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 17 year track record in providing comprehensive revenue and customer management solutions. The Company has 79 customer installations across 42 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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November 28, 2016 02:00 ET (07:00 GMT)