Cerillion PLC Major New Contract Win (6794P)

TIDMCER

RNS Number : 6794P

Cerillion PLC

13 February 2019

13 February 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 signed a major new contract with a US-based telecoms provider, worth an initial $6.8m and a total of $8.3m over three years. The deal is one of Cerillion's largest wins to date and supports existing market forecasts.

The contract was secured after a comprehensive tender process, and follows pilot work in the final quarter of the last financial year. It covers the supply and installation of Cerillion's Enterprise BSS/OSS* suite, as well as support and maintenance. Cerillion Enterprise comprises a suite of pre-integrated modules that together provide a functionally rich and comprehensive end-to-end solution for billing, charging and customer management across fixed, mobile, broadband and TV services. It also enables real-time convergent charging, offering telecom providers additional performance and inter-operational benefits.

Louis Hall, Chief Executive Officer of Cerillion, said:

"We are very pleased to have secured this major contract with a leading regional US telecoms provider. It is one of the Company's largest wins, and was awarded after a stringent selection process. It demonstrates the attractive nature of our comprehensive, pre-integrated end-to-end solution, which can drive significant performance benefits for telecoms operators."

*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 has a 19-year track record in providing mission-critical software for billing, charging and customer relationship management ("CRM"), mainly to the telecommunications sector but also to other markets, including utilities and financial services. The Company has approximately 90 customer installations across 44 countries.

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

The business was originally part of Logica plc before its management buyout, led by CEO, Louis Hall, in 1999. The Company joined AIM in March 2016.

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February 13, 2019 02:00 ET (07:00 GMT)