Software provider Cerillion has signed two agreements worth a total £17.3m with an existing European customer.
These arrangements are the expected follow-on contracts to the major new services agreement, worth £8m, signed with the customer in May this year which were reported with the company’s interim results.
Cerillion is a billing, charging and customer relationship management software solutions provider. The company revealed that new agreements are among its “largest wins to date” and that they would support existing consensus market expectations.
The two newer agreements cover software licences for a new customer base, maintenance, managed services and Cerillion's Evergreen programme, which provides ongoing access to the latest product enhancements.
Cerillion CEO, Louis Hall, 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 £8m 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.”
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