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Home Cerillion Technologies Revenues up 37% in another year of strong growth at Cerillion

Revenues up 37% in another year of strong growth at Cerillion

Posted on February 2, 2006 Written by oss

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.”

Filed Under: Cerillion Technologies

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