AIM: CER

Cerillion plc

("Cerillion" or "Company")

Major Follow-on Contracts Worth £17.3m

Cerillion, the billing, charging and customer relationship management software solutions provider, is pleased to announce that it has signed two agreements, worth a total of £17.3m, with an existing European customer. They are the expected follow-on contracts to the major new services agreement, worth £8.0m, signed with the customer in May 2025 and reported with interim results. Together they are among the Company's largest wins to date and support existing consensus market expectations.

All three contracts relate to the on-boarding of this customer's newly-acquired, Tier-1 customer base onto its existing Cerillion BSS/OSS platform. Their combined value of £25.3m is over an initial five-year term. The two newer agreements cover software licences for the new customer base, maintenance, managed services and Cerillion's Evergreen programme, which provides ongoing access to the latest product enhancements. As previously reported, before awarding Cerillion the initial services contract in May, a rigorous selection process was undertaken involving external consultants and key business stakeholders.

Louis Hall, Chief Executive Officer of Cerillion plc, commented:

"We are delighted to announce these two contracts, worth a combined £17.3m, with an important major European customer. They make up the expected follow-on agreements to the initial £8.0m services contract that we signed with this client in May to migrate its newly-acquired, Tier-1 customer base to our solution.

"These agreements deepen and broaden our relationship with this significant customer and provide further high profile, market validation of our product-centric approach, which enables clients to reduce costs, drive operational efficiencies and improve the customer experience. We view these agreements as strategically important for the Group in our marketplace."

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"), AND IS DISCLOSED IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF MAR. 

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About Cerillion

Cerillion has a 25-year track record in providing mission-critical software for billing, charging and customer relationship management ("CRM"), mainly to the telecommunications sector but also to other markets, including utilities and financial services. The Company has c. 75 customer installations across c. 45 countries.

Headquartered in London, Cerillion also has operations in India and Bulgaria as well as a sales presence in the USA, Singapore and Australia.

The business was originally part of Logica plc before its management buyout, led by CEO, Louis Hall, in 1999. The Company joined AIM in March 2016.