Cerillion shares jump after major contract win

Cerillion shares jumped on Monday after the telecom software provided announced a ‘major’ new contract win.

Cerillion has secured a significant $11.4 million contract with a national telecommunications operator in the Caucasus region. The five-year agreement will see the company provide its billing, charging and customer relationship management software solutions to support more than one million business and consumer customers across multiple services, including fixed-line, mobile, broadband and television.

- Advertisement -

The contract involves implementing Cerillion’s BSS/OSS software platform, which offers an out-of-the-box solution that can be configured to support the full range of telecommunications services. Unlike traditional bespoke systems, which typically require years of implementation and carry higher costs and risks, Cerillion’s platform operates on a Software-as-a-Service (SaaS) basis with regular upgrades and industry-standard APIs throughout the suite.

Implementation work has already begun, with revenue expected to contribute significantly to the company’s financial performance in the second half of the current financial year. The contract has potential for further expansion beyond its initial scope, and aligns with existing market expectations.

“After a rigorous tender process, we are delighted to have been awarded this contract.  It is another demonstration that our SaaS-based, productised approach is highly attractive, both financially and operationally, when compared to traditional bespoke solutions,” said Louis Hall, Chief Executive Officer of Cerillion.

“The decision over what approach to take for the enterprise software layer is a critical one. Our solution enables telcos to monetise their network infrastructure assets, increase revenue from their assets, enhance efficiencies and drive the customer experience at lower cost and more simply than other solutions.”

Latest News

Subscribe to the UK Investor Magazine email newsletter

Register for our free email newsletter and receive the latest investment news, podcasts, event information and offers.

More Articles Like This