CER.L

Cerillion Plc
Cerillion PLC - Major New Contract
13th May 2024, 06:00
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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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