Cerillion PLC Major Contract Win (6836P)

TIDMCER

RNS Number : 6836P

Cerillion PLC

14 October 2019

14 October 2019

AIM: CER

Cerillion plc

("Cerillion" or "the Company")

Major New Contract Win

Cerillion, the billing, charging and customer relationship management software solutions provider, is pleased to announce that it has won a new contract worth GBP2.9m with a mobile virtual network enabler (MVNE) in South Africa. The contract supports Cerillion's existing market forecasts for the new financial year.

Cerillion will be supplying and installing modules from its Enterprise BSS/OSS* Suite, the Company's pre-integrated end-to-end CRM and billing solution, which will support charging and product management. The contract was awarded following a competitive tender process, and delivery is scheduled to begin immediately.

Louis Hall, CEO of Cerillion, said:

"This major contract win demonstrates the flexible nature of our product, where modules can be integrated into existing solutions to drive innovation and commercial advantage. This is our fourth significant win in the past few months, and supports the ongoing momentum in the business."

*Business Support System/Operations Support System

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 Broker)     T: 020 7408 4090 
 Toby Gibbs, Mark Percy 
 
 KTZ Communications                   T: 020 3178 6378 
 Katie Tzouliadis, Dan Mahoney 
 

About Cerillion

www.cerillion.com

Cerillion is a leading provider of mission critical software for billing, charging and customer relationship management ("CRM"), mainly serving the telecommunications market but also other sectors such as utilities and financial services. The Company currently has over 90 customer installations across over 40 countries.

Headquartered in London, Cerillion also has operations in Pune, India, where its Global Solutions Centre is located, Miami and Sydney.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

CNTUAUVRKAARAAA

(END) Dow Jones Newswires

October 14, 2019 02:00 ET (06:00 GMT)