Cerillion PLC Major New Contract (8508U)

TIDMCER

RNS Number : 8508U

Cerillion PLC

31 March 2023

AIM: CER

Cerillion plc

("Cerillion" or "the Company")

Major New Contract

Cerillion, the billing, charging and customer relationship management software solutions provider, is pleased to announce it has signed a major new contract worth GBP10 million with an existing telecommunications customer, which operates in EMEA (Europe, the Middle East and Africa). The new contract will support current consensus market forecasts.

The new contract has a 10-year term, and the customer will be upgrading its core BSS platform to Cerillion 23.1 and joining Cerillion's Evergreen Software Programme, which enables customers to gain continuous access to Cerillion's latest product developments. The customer has also chosen to extend its software licence and support agreements to support future growth. Cerillion's relationship with the customer extends back over 20 years.

Louis Hall, Chief Executive Officer of Cerillion plc, commented:

"We are delighted to be deepening our relationship with this important customer. The company has chosen to broaden its take-up of our modules and services. These pre-integrated modules can be adopted together for a fully comprehensive solution or used individually for select functions. As this major new contract demonstrates, over time, we typically find that customers that have originally selected elements of our offering go on to adopt more modules, given the attractive commercial and operational benefits."

For further information please contact:

 
 Cerillion plc                           c/o KTZ Communications 
 Louis Hall, CEO                         T: 020 3178 6378 
 Andrew Dickson, CFO 
 
 Liberum (Nomad and Broker)              T: 020 3100 2000 
 Bidhi Bhoma, Ben Cryer, William Hall 
 
 Singer Capital Markets (Joint Broker)   T: 020 7496 3000 
 Rick Thompson, George Tzimas, James 
  Fischer 
 
 KTZ Communications                      T: 020 3178 6378 
 Katie Tzouliadis, Robert Morton 
 

About Cerillion

Cerillion has a 23-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 c. 80 customer installations across c. 45 countries.

Headquartered in London, Cerillion has operations in Pune, India, where its Global Solutions Centre is located, as well as in Bulgaria, Belgium, Singapore and Australia.

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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March 31, 2023 02:00 ET (06:00 GMT)