Cerillion, a leading provider of billing, charging and customer management systems, announced that it's stocks has started trading at AIM, a sub-market of the London Stock Exchange for smaller growing companies. The company said that its market capitalisation, based on a placing price of 76p per share at Admission, is approximately £22.4 million.
By listing on AIM, the Company plans to enhance its market profile, expand geographically, grow its SaaS offering, and capitalise on inorganic growth opportunities through the use of the public market to fund potential mergers and acquisitions.
Established in 1999 following a management buyout from Logica, Cerillion provides a pre-integrated suite of Business Support Systems (BSS) and Operations Support Systems (OSS) solutions, predominantly to the telecoms market and also to other industry sectors including financial services and utilities
The company boasts global customer base, with more than 75 customer installations across 40 countries. Its customers include Cable & Wireless, KDDI and MTN.
Louis Hall, CEO, Cerillion
We are particularly focussed on driving more growth in the telecoms market with our recently launched convergent charging solution, and on building our presence across a range of other sectors with our SaaS-based billing platform, Cerillion Skyline.
