Cerillion PLC Major New Contract Win (5620L)

TIDMCER

RNS Number : 5620L

Cerillion PLC

09 September 2019

9 September 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 a major new contract win worth GBP3.7m with a telecoms provider in Asia. This latest win, which follows two previously announced wins both reported in June, supports the Company's existing market forecasts for the current and upcoming financial year.

This initial contract is for the supply and installation of Cerillion's Enterprise BSS/OSS* Suite, the Company's pre-integrated end-to-end CRM and billing solution, to support mobile telecoms services, and was awarded after an extensive competitive tender process. This initial phase is expected to be delivered by the end of November 2019, with the contract then likely to be extended to enable the new solution to support fixed-wire services.

Louis Hall, CEO of Cerillion, said:

"We are delighted to have secured this major contract following a highly competitive tender process. The win reflects the quality of our product suite, our reputation for high service standards, and our ability to deliver solutions within challenging timescales."

*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.

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September 09, 2019 02:00 ET (06:00 GMT)