Convergent billing specialist, Cerillion Technologies, today announced its audited results for another very successful year, with revenues up 37% to $22.3m and EBITDA rising 12% to $3.5m for the financial year ending 30th September 2005.
This period has seen further progress in penetrating the Tier 2 service provider market with substantial new contracts for CRM & Billing and Interconnect solutions in Europe, and continued success in the Americas and Africa. The Cerillion Managed Service package is also gaining traction, with 3 new customers joining the service during the year.
“Combined with 46% growth in 2004, we have now doubled our turnover in 2 years” commented Louis Hall, CEO of Cerillion Technologies. “Our bundled component product strategy is proving very successful, capitalising on the trend away from pure best-of-breed systems as service providers increasingly look to acquire pre-integrated solutions with a low total cost of ownership from a single vendor.”
“Our investment in building a managed service infrastructure is also starting to pay dividends, and we anticipate further progress in this area in the year ahead. As the market shifts towards ‘everything over IP’ and a myriad of new services come online, this industry is as exciting as ever, and we look forward to another year of strong growth in 2006.”