TIDMCER

Cerillion PLC

28 September 2021

AIM: CER

Cerillion plc

("Cerillion" or "the Company")

Major Contract Extension with OpenNet worth GBP4.3m

Cerillion, the billing, charging and customer relationship management software solutions provider, is pleased to announce two agreements worth a combined GBP4.3m with OpenNet, the Danish telecoms business that links fibre infrastructure owners and service providers.

The agreements cover a six year contract extension in which OpenNet will upgrade its core BSS platform to Cerillion's latest technology, 'Cerillion 21'. The upgrade will include Cerillion's 'Enterprise Product Catalogue', allowing OpenNet to build, test and deploy new wholesale products for its partners. OpenNet will also join Cerillion's 'Evergreen Software Programme', which facilitates ready access to future software upgrades and latest product developments. Cerillion's new customer relationship management ("CRM") framework will also provide OpenNet with much greater flexibility in deployment and a more intuitive user experience. In a second agreement, OpenNet has significantly increased its software licences and extended its use of Cerillion's Managed Service and private cloud platform.

OpenNet has been a Cerillion customer since 2017, when the Company was selected to build OpenNet's wholesale platform, based on the Cerillion Enterprise BSS/OSS* suite and including an open integration layer. The platform has helped to underpin OpenNet's operating model of bringing together service providers and infrastructure owners.

Henrik Møller Nielsen, Chief Executive Officer of OpenNet, said,

"Working with Cerillion, we have been able to very quickly establish and grow our wholesale business, safe in the knowledge we have a robust, scalable and flexible BSS platform underpinning our operations. By extending our agreement and joining Cerillion's Evergreen Software Programme, we are taking this to the next level, giving us access to exciting new capabilities and future-proofing our business for the challenges of tomorrow."

Louis Hall, Chief Executive Officer of Cerillion plc, commented,

"We have established a very productive relationship with OpenNet, and are delighted to be extending it with this six year contract. We look forward to continuing to power the ongoing growth of OpenNet's innovative and growing business."

*Business Support System/Operations Support System

For further information please contact:

 
 Cerillion plc                              c/o KTZ Communications 
  Louis Hall, CEO                            T: 020 3178 6378 
  Oliver Gilchrist, CFO 
 
 Liberum (Nomad and Broker)                 T: 020 3100 2000 
  Bidhi Bhoma, Euan Brown, 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 90 customer installations across over 40 countries.

Headquartered in London, Cerillion also has operations in Pune, India, where its Global Solutions Centre is located, Miami, Sydney and Bulgaria where it has recently opened an office.

About OpenNet

OpenNet is a company that operates a business model and a collaboration model that aims to help fiber networks and service providers collaborate when the networks are opened for access from 3rd party providers. OpenNet has already agreements with a large number of fiber Infrastructure Owners and Service Providers in Denmark, such as SEF, Onefiber by Globalconnect, Verdo, Nord Energi, Thy-Mors Energi, RAH and Norlys, as well as with service providers such as Altibox, Telenor, TDC / YouSee, Hiper, Stofa, Fibia, Bolig--Net, Kviknet and Fastspeed.

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September 28, 2021 02:00 ET (06:00 GMT)

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