Cerillion plc (LON:CER), the billing, charging and customer relationship management software solutions provider, has announced that it has signed a major new six-year contract worth a total of £15.1 million. All of the revenue is subscription income that will be recognised over the term of the contract, and will support current consensus market forecasts.
The contract has been signed with an existing telecommunications customer, which operates in Europe, and has been a customer for the past four years. It encompasses managed services, support and subscription to Cerillion’s Evergreen Software Programme, which provides continuous access to Cerillion’s latest product developments.
Louis Hall, Chief Executive Officer of Cerillion plc, commented:
“We are delighted to further extend and broaden our relationship with this customer. It is another demonstration of the clear operational and commercial benefits of our solutions. Telecommunications companies are looking for solutions that enable them to drive more revenue from their network infrastructure and improve their end-customers’ experience. Our solutions efficiently and cost-effectively meet this need.”