The UK-based billing, charging and CRM vendor, Cerillion, announced its largest ever contract win in an agreement said to be worth £11.2 million, with the majority of the deal recognised in the first 12 months.
The AIM-listed firm (LON:CER) became one of the morning’s top risers, advancing 14% when the news was unveiled.
The contract is for a five-year agreement with an unnamed “major UK provider of enterprise connectivity solutions” and includes Cerillion’s CRM and billing solution, delivered in a private cloud, to support the full lead-to-cash process for a wide range of unified communications services. Cerillion won the contract after a competitive selection process and will begin immediate delivery.
Louis Hall, CEO of Cerillion, said: “We are delighted to have been awarded this major contract, the biggest single win in Cerillion’s history. During the selection process our end-to-end capabilities and reputation for successful delivery proved to be the differentiating factors over our competition. This is the latest demonstration of the ongoing momentum of the business and increasing recognition of the quality of our solutions.”