Cerillion PLC (AIM:CER) shares improved more than 4% as it announced the signing of a contract worth US$11.4 million with a national telecoms operator in the Caucasus region between the Black and Caspian seas.
The initial term of the agreement is five years, said billings, charging and CRM specialist Cerillion, but with scope to expand further over time.
The new contract supports existing consensus market guidance, added the statement.
Through the contract, Cerillion will provide its BSS/OSS software to support over one million B2B and B2C customers across fixed, mobile, broadband and TV services.
Revenue benefits will start accruing in the second half of the current financial year.
Louis Hall, chief executive, added: "After a rigorous tender process, we are delighted to have been awarded this contract.
“It is another demonstration that our SaaS-based, productised approach is highly attractive, both financially and operationally, when compared to traditional bespoke solutions.
“Our solution enables telcos to monetise their network infrastructure assets, increase revenue from their assets, enhance efficiencies and drive the customer experience at lower cost and more simply than other solutions."
Shares in the AIM-listed group rose by 65p to 1,645p.