Cerillion PLC Re: Gartner's 2016 Magic Quadrant report

TIDMCER

Cerillion PLC

24 October 2016

AIM: CER

Cerillion plc

("Cerillion" or "the Company")

Cerillion moves to "Visionaries" quadrant

in Gartner's 2016 Magic Quadrant report

Cerillion, the billing, charging and customer relationship management ("CRM") software solutions provider, is pleased to announce that it has been positioned in the "Visionaries" quadrant of Gartner's recently published report, "Magic Quadrant for Integrated Revenue and Customer Management (IRCM) for CSPs". Gartner is the world's leading information technology research and advisory company.

Cerillion has moved from Niche Players designation in 2015 and this is the third consecutive year that Cerillion has been included in this annual review of CSPs, reflecting - we believe - the Company's growing stature and reputation as a leading IRCM vendor.

Gartner's Magic Quadrant report evaluates vendors across a broad range of criteria including product strategy, sales & marketing strategies, innovation and client references, and companies are positioned according to "completeness of vision" and "ability to execute". Gartner evaluated Cerillion Enterprise, the company's pre-integrated BSS/OSS suite, as well as Cerillion Skyline, its Software-as-a-Service (SaaS) billing and subscription management solution.

Louis Hall, CEO of Cerillion, commented:

"We believe that receiving recognition from Gartner validates our strategy and we are delighted with our position in the Visionaries quadrant of this prestigious industry report.

Digitalisation means that companies in all sectors need to be able to adapt and evolve quickly to remain relevant and be successful in increasingly competitive markets.

As a supplier of mission critical business solutions, our role is to anticipate future trends and equip our customers with the tools they need to innovate and differentiate their services in this rapidly changing business landscape."

*Gartner Magic Quadrant for Integrated Revenue and Customer Management for CSPs by Norbert J Scholz, Jouni Forsman, Amresh Nandan, 17 October 2016

For further information please contact:

 
 Cerillion plc                  c/o KTZ Communications 
  Louis Hall, CEO                T: 020 3178 6378 
  Oliver Gilchrist, CFO 
 
 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.

The Company is headquartered in London and also has operations in Pune, India where its Global Solutions Centre is located.

About the Gartner Magic Quadrant

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

This information is provided by RNS

The company news service from the London Stock Exchange

END

NRAFEMFUEFMSEES

(END) Dow Jones Newswires

October 24, 2016 02:00 ET (06:00 GMT)