Largest Ever Contract Win

RNS Number : 7207T

Cerillion PLC

29 March 2021

 

AIM: CER

Cerillion plc

("Cerillion" or "the Company")

Largest Ever Contract Win

Cerillion, the billing, charging and customer relationship management software solutions provider, is pleased to announce that it has secured its largest contract win to date, with a 10-year agreement worth a total of $18.4m, signed with a full-service network operator in Latin America. This contract, together with a smaller £2.7m extension recently secured with an existing customer in Europe, is anticipated to result in the Company exceeding current management expectations for pre-tax profit in the current financial year ending 30 September 2021.

The contract in Latin America is for the supply and implementation of Cerillion's Enterprise BSS/OSS* Suite, the Company's pre-integrated end-to-end CRM and billing solution, and Cerillion's convergent solution will replace a number of legacy platforms as part of the customer's 'Digital First' vision. The contract includes full support services over the 10-year term.  The new customer is the main telecoms provider in its national market, supplying fixed, pre and post-paid mobile, and broadband services to both B2B and B2C customers.

The tender process for the contract was rigorous and extensive.

Louis Hall, CEO of Cerillion, said,

"We are delighted to welcome another national network operator to the Cerillion platform, and are extremely pleased to have reached a new milestone in signing this new, long-term agreement. It is our largest new contract win to date and follows recent major new customer wins in Europe and the Middle East."

*Business Support System/Operations Support System

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.

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 and Sydney.

 

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