IQGeo Group plc
(the "Company" or the "Group")
IQGeo signs major US telecom operator as a new customer for fibre network planning, design, and construction management
IQGeo (AIM: IQG), a developer of geospatial productivity and collaboration software for the telecoms and utility industries, is pleased to announce that a major US telecom network operator serving more than 6 million homes in 20 states has become the latest new-logo customer for its telecom software. The 5-year contract has a TCV of $4.5m for a subscription to use IQGeo's software with strong potential for future expansion. Orders for associated services are expected in 2022.
The integrated, end-to-end solution from IQGeo will support processes from planning through construction, providing a single geospatial platform. The solution, which encompasses IQGeo's award winning mobile capabilities, will reduce IT costs and improve efficiency through the consolidation of previously siloed applications by optimising the planning, design, and construction processes that are critical to the customer's aggressive fibre network growth plans.
Richard Petti, CEO, commented that "This new deployment is an excellent example of IQGeo's unique ability to create a fully integrated solution for our customers using our powerful geospatial software. The broadband industry is extremely competitive, and our software is giving innovative operators a real competitive edge by helping them create agile and efficient operational processes across their network lifecycle. I am pleased to see that we share a common "digital transformation" vision with this new customer and look forward to supporting their team as they upgrade their network and deliver broadband technology to millions of new customers."
For further information contact:
IQGeo Group plc +44 1223 606655
Richard Petti
Haywood Chapman
finnCap Ltd +44 20 7220 0500
Henrik Persson, Seamus Fricker (Corporate Finance)
Tim Redfern, Richard Chambers (ECM)
Notes to Editors
About IQGeo
IQGeo™ (AIM: IQG), delivers award-winning geospatial software solutions to telecommunication and utility network operators around the world ranging from large multinationals to smaller regional providers. The IQGeo software suite improves productivity and collaboration across enterprise planning, design, construction, maintenance, and sales processes reducing costs and operational risks while enhancing customer satisfaction. Our mobile-first, cloud-native software helps companies create and maintain an accurate view of their increasingly complex network assets that is easily accessible by anyone, wherever and whenever needed. Whether using our Enterprise IQGeo Platform or targeted OSPInsight fiber planning and design software, we enable a "System of Action" that breaks down information silos, improves data quality and accelerates decision making. Headquartered in Cambridge, with offices in Denver, Salt Lake City, Frankfurt and Tokyo, we work with some of the largest network infrastructure operators in the world. For more information visit: www.iqgeo.com/
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