Cerillion announces flotation plans – admission to AIM

Written by on March 15, 2016 in Billing & Payments with 0 Comments

CerillionCerillion plc, the billing, charging and CRM software solutions provider, is to seek a quotation on AIM and is seeking £10 million.

Dealings in the shares are expected to commence on 18 March 2016 and the Company’s market capitalisation at Admission to AIM is expected to be £22.4 million. Shore Capital is acting as the Company’s Nominated Adviser and sole Broker.

Established in 1999 following a management buyout from Logica plc, Cerillion develops, installs and supports billing, charging and customer relationship management solutions, predominantly to the telecommunications market. The business has a global customer base, across 40 countries and its customers include Cable & Wireless, KDDI and MTN.

“Cerillion has established itself as a leading provider of billing, charging and CRM solutions to the telecoms industry, with a global spread of customers who rely on our solutions to provide this critical function,” said Louis Hall, Cerillion CEO. “The Company’s admission to AIM represents an important milestone for the business, helping to increase our profile and improve our market positioning.

As we look forward, we intend to grow the business, principally organically, winning new customers for our core enterprise product suite. At the same time, we continue to innovate to meet the evolving requirements of our customers.  Our newer products, especially our convergent charging solution and our SaaS-based billing platform, reflect this level of innovation and open up further growth opportunities for the business.”

The company has shown strong growth, with revenues of £14.0m to the year ending September 2015, EBITDA of £2.9m and PBT of £2.1m.

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