Cerillion Technologies Breaks into List of Britain’s Fastest-Growing Unquoted Technology Companies

London, 27 September, 2006 – Convergent billing specialist, Cerillion Technologies, has been named one of Britain’ fastest-growing private technology companies in this year’s Sunday Times Microsoft Tech Track 100:- a league table, ranking companies by sales growth over the period 2003-2005. Cerillion, whose sales increased by 42 per cent a year from £6.3 million in 2003 to £12.7 million in 2005, achieved 90th place on the list.

Cerillion Technologies Breaks into List of Britain’s Fastest-Growing Unquoted Technology CompaniesFormed in 1999, after a management buy-out, led by chief executive, Louis Hall, of Logica’s customer care and billing division, the London firm has grown organically ever since. It now has more than 35 installations and customers include leading industry players like BT, Cable & Wireless, O2 and Pipex. Cerillion is backed by private equity fund managers, Baird Capital Partners and Tempo Capital Partners LLP.

Hall says: “Our achievement in appearing in the Tech Track 100 demonstrates the success of our unique bundled component product strategy. Service providers are increasingly looking to acquire pre-integrated solutions with a low total cost of ownership from a single source and our approach eliminates the high cost and risk associated with integrating multiple products from multiple vendors.

“Equally, as the tag-line “everything over IP” becomes a reality, Cerillion is ideally positioned to guide its customers through the complex billing challenges presented by the migration to broadband, triple play and quadruple play service provisioning,” he adds. 

Cerillion is one of just seven companies in this year’s Tech Track 100 identified as telecoms software developers and one of 69 businesses on the list to have recorded a profit in 2005.

Now in its sixth year, The Tech Track 100 is compiled by Fast Track, an Oxford-based research, publishing and networking events company. This year’s list was published with ‘The Sunday Times’ on 24 September 2006. More information can be found on the Internet at www.fasttrack.co.uk.