Cerillion PLC Major Contract Win (7450Z)

TIDMCER

RNS Number : 7450Z

Cerillion PLC

17 March 2017

17 March 2017

AIM: CER

Cerillion plc

("Cerillion" or "the Company")

Major Contract Win

Cerillion, the billing, charging and customer relationship management ("CRM") software solutions provider, is pleased to announce that it has won a major new contract with an initial value of EUR2.4m with a wholesale telecoms operator in Europe. The contract, secured after a competitive tender process, is for the supply of the Company's enterprise CRM and billing solution and the on-going provision of a managed service to operate it. Cerillion expects the contract implementation to be completed over the next 9 to 12 months. The new contract will help to underpin existing market expectations for the financial year.

Following this contract win, the Company has achieved new sales in the current financial year with a value of GBP13.2m, all with varying implementation periods.

Louis Hall, Chief Executive Officer of Cerillion, commented:

"I am delighted to announce this major contract win in Europe for our core Enterprise BSS/OSS solution. We believe that our new customer will be a key player in the evolution of its market and look forward to supporting this process. Our pre-integrated billing platform will provide a wholesale billing solution that will eventually serve multiple communications service providers."

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 
  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 approximately 80 customer installations across over 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 operations in Pune, India where its Global Solutions Centre is located.

This information is provided by RNS

The company news service from the London Stock Exchange

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March 17, 2017 03:00 ET (07:00 GMT)