AIM: CER
Cerillion plc
("Cerillion" or "the Company")
Major Channel Partner Relationship
Yields First Contract
Cerillion, the billing, charging and customer relationship management software solutions provider, is pleased to announce that a major Channel Partner relationship has yielded its first contract, worth £5.0m, with a publicly owned network operator in the Middle East.
The five year agreement is part of a broader contract for telecoms and network products and services. Cerillion's Enterprise BSS/OSS* Suite, the Company's pre-integrated end-to-end CRM and billing solution, will be used to support a broad range of fixed-wire and mobile services, including fibre and Internet of Things, for B2B and residential customers. The Company believes that the contract will help to underpin existing market expectations and that there is potential for further expansion of the contract in due course.
Implementation work has already commenced and is expected to take 12-18 months. As this is the first such deployment through this Channel Partner, Cerillion is remaining closely involved with implementation.
Louis Hall, CEO of Cerillion, said:
"We are delighted to have secured our first major contract through this key channel partner, with this prestigious win. The selection of our solution for this complex project demonstrates the quality of our product and support capability, and our increasing recognition within the industry. We look forward to further agreements through this major Channel Partner in due course."
*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 |
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| Liberum (Nomad and Broker) | T: 020 3100 2000 |
| Bidhi Bhoma, Euan Brown, William Hall |
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| KTZ Communications | T: 020 3178 6378 |
| Katie Tzouliadis, Dan Mahoney |
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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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