Cerillion clinches contract with new telecommunications client
Cerillion clinched a contract with a new major telecommunications customer from the Europe, Middle East and Africa region.
Cerillion
1,810.00p
16:55 20/09/24
FTSE AIM All-Share
745.62
17:04 20/09/24
The customer relationship management software provider said the contract was for the licence, implementation and support of its enterprise CRM and billing solution and was initially worth £2.1m.
AIM-listed Cerillion expected the contract to be completed over the coming between six to nine months, adding that "the new win underpins existing market expectations".
Louis Hall, Cerillion chief, said: "I am delighted to announce this major contract win with a new customer in the EMEA region after a competitive tender process. Our Enterprise solution is advanced, functionally rich and fully integrated and provides a full end-to-end billing solution. We have added a real-time convergent charging system to our capability which enhances the attractiveness of our product and we look forward to commencing the implementation."
As of 15:42 BST shares in Cerillion were higher by 7.39% to 7.5p.