Cerillion PLC Major new contract (3585D)
21 Juin 2023 - 8:00AM
UK Regulatory
TIDMCER
RNS Number : 3585D
Cerillion PLC
21 June 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 that
it has signed a major new six-year contract worth a total of
GBP15.1 million. All of the revenue is subscription income that
will be recognised over the term of the contract, and will support
current consensus market forecasts.
The contract has been signed with an existing telecommunications
customer, which operates in Europe, and has been a customer for the
past four years. It encompasses managed services, support and
subscription to Cerillion's Evergreen Software Programme, which
provides continuous access to Cerillion's latest product
developments.
Louis Hall, Chief Executive Officer of Cerillion plc,
commented:
"We are delighted to further extend and broaden our relationship
with this customer. It is another demonstration of the clear
operational and commercial benefits of our solutions.
Telecommunications companies are looking for solutions that enable
them to drive more revenue from their network infrastructure and
improve their end-customers' experience. Our solutions efficiently
and cost-effectively meet this need."
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 India,
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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END
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