Cerillion PLC Major Contract Win (7450Z)
March 17 2017 - 3:00AM
UK Regulatory
TIDMCER
RNS Number : 7450Z
Cerillion PLC
17 March 2017
17 March 2017
AIM: CER
Cerillion plc
("Cerillion" or "the Company")
Major Contract Win
Cerillion, the billing, charging and customer relationship
management ("CRM") software solutions provider, is pleased to
announce that it has won a major new contract with an initial value
of EUR2.4m with a wholesale telecoms operator in Europe. The
contract, secured after a competitive tender process, is for the
supply of the Company's enterprise CRM and billing solution and the
on-going provision of a managed service to operate it. Cerillion
expects the contract implementation to be completed over the next 9
to 12 months. The new contract will help to underpin existing
market expectations for the financial year.
Following this contract win, the Company has achieved new sales
in the current financial year with a value of GBP13.2m, all with
varying implementation periods.
Louis Hall, Chief Executive Officer of Cerillion, commented:
"I am delighted to announce this major contract win in Europe
for our core Enterprise BSS/OSS solution. We believe that our new
customer will be a key player in the evolution of its market and
look forward to supporting this process. Our pre-integrated billing
platform will provide a wholesale billing solution that will
eventually serve multiple communications service providers."
For further information please contact:
Cerillion plc c/o KTZ Communications
Louis Hall, CEO T: 020 3178 6378
Shore Capital (Nomad and T: 020 7408 4090
Broker)
Bidhi Bhoma
Toby Gibbs
KTZ Communications T: 020 3178 6378
Katie Tzouliadis
Emma Pearson
About Cerillion
Cerillion is a leading provider of mission critical software for
billing, charging and CRM, with a 17 year track record in providing
comprehensive revenue and customer management solutions. The
Company has approximately 80 customer installations across over 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, with operations in Pune, India where its
Global Solutions Centre is located.
This information is provided by RNS
The company news service from the London Stock Exchange
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