Cerillion PLC Major Contract Win (3607Y)

TIDMCER

RNS Number : 3607Y

Cerillion PLC

05 December 2017

5 December 2017

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 that it has signed a significant new contract with a European telecommunications provider, worth an initial GBP5.0m and a total of GBP8.4m over five years.

The contract covers the supply and installation of Cerillion's Enterprise BSS/OSS*suite, as well as managed service operations and ongoing support and maintenance of the solution. The system is a comprehensive, functionally rich, and fully integrated billing, charging and customer management solution, suitable for fixed, mobile, broadband and TV services. Secured after a rigorous tender process, begun in the summer, the contract starts immediately, with implementation expected to complete in early 2019

The contract is one of a number of major agreements signed in Europe over the last 12 months, reflecting Cerillion's access to an increasing number of opportunities in the region. The Company believes that this reflects its higher profile in this market.

Cerillion's Enterprise BSS/OSS suite will replace a number of legacy systems and will be used across four separate brands in three geographic locations. The suite includes the Company's real-time Convergent Charging System ("CCS"), which enables the billing of prepaid mobile and convergent services. Cerillion is also providing its Evergreen Software Model, which allows customers to stay up to date with new versions of the product suite as they become available.

Louis Hall, Chief Executive Officer of Cerillion, said:

"We are delighted to have secured this major new contract in Europe after a stringent and competitive tender process. We are engaging with an increasing number of opportunities in the European market, helped in part by our higher profile as reflected in recent market analysis.

"The replacement of a number of legacy systems, each on different operating platforms, with one, convergent, end-to-end solution, will provide our new customer with significantly more flexibility in responding to competitive pressures within its market, and will enable significant operational and cost efficiencies.

"We look forward to delivering these benefits and to supporting our new customer's operations as they continue to evolve."

*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 
 
 Shore Capital (Nomad and Broker)          T: 020 7408 4090 
 Toby Gibbs, Mark Percy 
 
 KTZ Communications                        T: 020 3178 6378 
 Katie Tzouliadis, Irene Bermont-Penn, 
  Emma Pearson

About Cerillion

www.cerillion.com

Cerillion is a leading provider of mission critical software for billing, charging and CRM, with an 18 year track record in providing comprehensive revenue and customer management solutions. The Company has approximately 80 customer installations across over 40 countries, principally serving the telecommunications market.

The Company is headquartered in London and also has operations in Pune, India where its Global Solutions Centre is located, Miami and Sydney.

This information is provided by RNS

The company news service from the London Stock Exchange

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December 05, 2017 02:00 ET (07:00 GMT)

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