CER Cerillion Plc

TIDMCER

RNS Number : 7371D

Cerillion PLC

11 July 2016

11 July 2016

AIM: CER

Cerillion plc

("Cerillion" or "the Company" or "the Group")

Contract Win

Cerillion plc, the billing, charging and customer relationship management ("CRM") software solutions provider, today announces it has secured a new contract with a major new customer. The contract is with a 4G/LTE telecommunications provider in the EMEA region and is worth an initial GBP2.1 million. The contract is for the licence, implementation and ongoing support of the Company's enterprise CRM and billing solution, including its convergent charging suite. The contract was secured after a global tender process and Cerillion expects its implementation to be completed over the next six to nine months. The new win underpins existing market expectations.

Louis Hall, CEO of Cerillion, commented:

"I am delighted to announce this major contract win with a new customer in the EMEA region after a competitive tender process. Our Enterprise solution is advanced, functionally rich and fully integrated and provides a full end-to-end billing solution. We have added a real-time convergent charging system to our capability which enhances the attractiveness of our product and we look forward to commencing the implementation."

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.

Led by a highly experienced management team, the Company is headquartered in London and also has operations in Pune, India where its Global Solutions Centre is located. Cerillion's CEO, Louis Hall, led the management buyout from Logica plc in 1999. The Company has a clear growth strategy, which includes exploring potential acquisitions, expansion in the US and Australia and leveraging its recently launched, real-time convergent charging solution and its SaaS-based billing solution, Cerillion Skyline.

This information is provided by RNS

The company news service from the London Stock Exchange

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