AIM:
CER
Cerillion
plc
("Cerillion" or "the
Company")
Major New Contract
Win
Cerillion, the billing, charging and
customer relationship management software solutions provider, is
pleased to announce it has agreed a major new contract, worth an
initial $11.1 million, with a leading provider of connectivity
solutions in Southern Africa. The contract is for an initial five
years and has scope to develop further over
time.
The new customer serves both the B2B and B2C
markets in Southern Africa with an offering that encompasses a wide
range of technologies, including fibre, satellite, microwave, and
5G stand alone. Under the terms of the agreement, Cerillion will be
supplying, implementing and maintaining its flagship BSS/OSS
solution on a SaaS basis.
Cerillion's software come as an 'off-the-shelf'
product solution. It provides the benefits of a customised solution
without the attendant cost and integration risk typically
associated with bespoke solutions. This 'productised' approach has
become a clear differentiator for Cerillion in a market that has
been traditionally dominated by vendors providing tailored
solutions, which are less flexible and far more complex to
implement.
Louis Hall,
CEO of Cerillion plc, said:
"We are
extremely pleased to have secured a major new contract with this
leading Southern Africa solutions provider. Our solution was put
through its paces in the evaluation stages, and we are delighted
that the advantages of our productised approach and the quality and
breadth of our offering were so clear to see. We look forward to a
successful partnership with our new client."
Enquiries:
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Cerillion plc
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c/o KTZ Communications
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Louis Hall, CEO
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T: 020 3178 6378
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Andrew Dickson, CFO
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Liberum (Nomad and Broker)
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T: 020 3100 2000
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Bidhi Bhoma, Edward Mansfield,
Matthew Hogg
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Singer Capital Markets (Joint Broker)
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T: 020 7496 3000
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Rick Thompson, James
Fischer
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KTZ
Communications
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T: 020 3178 6378
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Katie Tzouliadis, Robert
Morton
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About Cerillion
www.cerillion.com
Cerillion is a leading provider of mission
critical software for billing, charging and customer relationship
management, with a 23-year track record in providing comprehensive
revenue and customer management solutions. The Company has around
80 customers across 45 countries, principally serving the
telecommunications market.
The Company is headquartered in London and also
has operations in India (in Pune, Ahmedabad, and Indore), Bulgaria
(in Sofia), Singapore, USA (in Boston) and Australia (in
Sydney).