IQGeo Group PLC - Cambridge, England-based geospatial software for telecom and utility network operators - Chosen by Deutsche GigaNetz GmbH as its strategic supplier of fibre network management and workflow software.
"Deutsche GigaNetz is a rapidly growing next generation fibre network provider that brings 'lightspeed' performance broadband to customers across Germany," company says.
It adds: "It has chosen a cloud deployment of IQGeo's Network Manager software as its dedicated system of record and will also be using its workflow manager software to optimise mobile field construction processes."
IQGeo notes it was a "highly competitive tender process".
Chief Executive Richard Petti says: "The competitive selection process demonstrates that IQGeo is well positioned against our European rivals and the new contract with Deutsche GigaNet is a validation of our technical and business strategy.
"This is an important new account that is embracing our software across their entire operational lifecycle while expanding our customer base of telecoms network operators in Central Europe. Our customer footprint is now truly global, and we look forward to further expanding our market penetration."
Current stock price: 127.50 pence, up 5.4% on Tuesday
Year-to-date change: up 33%
By Paul McGowan; paulmcgowan@alliancenews.com
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Iqgeo (IQG)