Cerillion PLC Major Contract Win (4292R)
06 Julio 2022 - 1:00AM
UK Regulatory
TIDMCER
RNS Number : 4292R
Cerillion PLC
06 July 2022
AIM: CER
Cerillion plc
("Cerillion" or the "Company")
Major Contract Win Worth GBP15m
Cerillion, the billing, charging and customer relationship
management software solutions provider, is pleased to announce that
it has agreed terms for a 10-year contract, worth approximately
GBP15m, with a new telecommunications customer. This contract
continues the trend evident over the last two years of winning
larger, Software-as-a-Service-based contracts, and follows a major
agreement signed in March 2021 with a large South American
telecommunications provider. The new customer is a full-service
network operator and service provider, offering a full range of
mobile, fixed and broadband services, and is the largest
full-service provider in its territory. The new contract helps to
underpin existing market forecasts for the current financial year
and beyond.
Under the terms of the contract, Cerillion's flagship BSS/OSS*
suite will replace existing product management, customer
relationship management ("CRM"), charging, billing, service
orchestration and network inventory systems in a significant
digital transformation project. Cerillion will supply and implement
the solution, providing it within a private Cloud deployment. The
Company will also provide managed services as well as maintenance
and support following implementation.
The contract was secured after a rigorous tender process, and
implementation starts immediately.
Louis Hall, Chief Executive Officer of Cerillion plc, said:
"We are delighted to have signed this major new contract, which
continues the Company's trend of winning larger, SaaS-based
contracts. We see this win as further proof of increasing market
recognition of the quality of our pre-integrated solution and the
clear commercial advantages it offers.
"Customers are looking for solutions that support greater
efficiencies, increased automation and swift and easy new product
and service launches. Our offering is an out-of-the-box solution
that delivers all these benefits quickly and cost effectively."
*Business Support System/Operations Support System
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the company's obligations under Article 17 of MAR.
Cerillion plc c/o KTZ Communications
Louis Hall, CEO, Andrew Dickson, T: 020 3178 6378
CFO
Liberum (Nomad and Broker) T: 020 3100 2000
Bidhi Bhoma, Cameron Duncan, William
Hall
KTZ Communications T: 020 3178 6378
Katie Tzouliadis, Dan Mahoney
About Cerillion
www.cerillion.com
Cerillion is a leading provider of mission critical software for
billing, charging and customer relationship management ("CRM"),
mainly serving the telecommunications market but also other sectors
such as utilities and financial services. The Company currently has
over 80 customer installations across over 44 countries.
Headquartered in London, Cerillion also has operations in Pune,
India, Sofia, Bulgaria and Sydney, Australia.
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END
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