London Stock Exchange welcomes Cerillion plc
The London Stock Exchange today welcomed Cerillion plc to an opening ceremony marking the admission of the Company’s shares to trading on AIM.
Cerillion is a leading provider of mission critical software for billing, charging and CRM, with a 16 year track record in providing comprehensive revenue and customer management solutions. The Company has 75 customer installations across 40 countries, principally serving the telecommunications market but also utilities and financial services.
Led by a highly experienced management team, the Company is headquartered in London with 164 staff in total, including 79 in Pune, India where its Global Solutions Centre is located. Cerillion’s CEO, Louis Hall, led the management buyout from Logica plc in 1999. The Company has a clear growth strategy, which includes exploring potential acquisitions, expansion in the US and Australia and leveraging its recently launched, real-time convergent charging solution and its SaaS-based billing solution, Cerillion Skyline.
Cerillion has raised £10 million and has a market capitalisation of £22.4 million.
Louis Hall, Chief Executive Officer of Cerillion, commented:
“I am delighted that Cerillion has joined AIM and look forward to using this as a platform to grow the business more aggressively. 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. The Company’s admission to AIM represents an important milestone, and marks the beginning of another stage of our journey.“