Cerillion Grows Revenues by 46% in Highly Successful 2004

London, 28th January 2005 – Convergent billing specialist, Cerillion Technologies, today announced its audited results for another highly successful year, with turnover up 46% to $17.5m and EBITDA of $3.4m for the financial year ending 30th September 2004.  This period has seen 9 new customers choosing Cerillion to solve their billing problems, with continued success in Europe, Africa and The Americas.

“The last year has been very exciting for us with rapid growth not only in terms of new customers, but also internally within our delivery organisation, and we have comfortably exceeded our target of 30% revenue growth” commented Louis Hall, CEO of Cerillion Technologies. “Our pre-integrated solution suite has proven itself to be just what the market needs today, as operators look to improve their operational efficiency whilst maintaining or increasing their margins.”

“We have already substantially exceeded our forecast for the first financial quarter in 2005, and are well on course to meet our target of 40% growth this year.  We are also in the midst of opening a new office in Singapore, which will help us service our local Asian clients more efficiently and increase our worldwide footprint.”

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