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REG - Cerillion PLC - Major New Contract

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RNS Number : 0618O  Cerillion PLC  13 May 2024

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:

 

 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, Edward Mansfield, Matthew Hogg

 Singer Capital Markets (Joint Broker)        T: 020 7496 3000
 Rick Thompson, James Fischer

 KTZ Communications                           T: 020 3178 6378
 Katie Tzouliadis, Robert Morton

 

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).

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