AIM: CER
Cerillion
plc
("Cerillion" or
"Company")
Major New $11.4m Contract
Win
Cerillion, the billing, charging and
customer relationship management software solutions provider, is
pleased to announce that it has signed a major new contract, worth
$11.4m, with a national telecoms operator in the Caucasus region.
The initial term of the agreement is five years, and
it has scope to expand further over time. The new
contract supports existing consensus market
guidance.
Cerillion will be providing its
BSS/OSS software to support over one million B2B and B2C customers
across fixed, mobile, broadband and TV services. Implementation
work is commencing immediately, and the revenue benefits will start
to come through meaningfully in the second half of the current
financial year.
The Company's model of providing an
out-of-the-box, but highly configurable solution, which can support
the whole range of a telecom provider's offering on a single
SaaS-based platform was a major differentiator in the selection
process. In addition, Cerillion's solution is upgraded regularly,
with new features, and with industry standard APIs across the
suite. This is operationally and financially highly attractive and
contrasts with the prevailing bespoke approach, which is dominant
across the market. A bespoke approach is traditionally associated
with multiple years of implementation, higher risk and
substantially higher costs.
Louis Hall, Chief Executive Officer of Cerillion plc,
commented,
"After a rigorous tender process, we are delighted to have
been awarded this contract. It is another demonstration that
our SaaS-based, productised approach is highly attractive, both
financially and operationally, when compared to traditional bespoke
solutions.
"The decision over what approach to take for the enterprise
software layer is a critical one. Our solution enables telcos to
monetise their network infrastructure assets, increase revenue from
their assets, enhance efficiencies and drive the customer
experience at lower cost and more simply than other
solutions."
For
further information please contact:
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Cerillion plc
Louis Hall, CEO, Andrew Dickson,
CFO
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c/o KTZ Communications
T: 020 3178 6378
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Panmure Liberum (Nomad and Joint Broker)
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T: 020 3100 2000
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Bidhi Bhoma, Edward Mansfield,
Freddie Wooding
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Singer Capital Markets (Joint Broker)
Rick Thompson, James
Fischer
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T: 020 7496 3000
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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
Cerillion has a 25-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
also has operations in India and Bulgaria as well as a sales
presence in the USA, 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.
