IQGeo Group PLC - Cambridge, England-based software company - Wins contract with an unnamed Tier One telecoms operator in the US. Says client operates across more than 25 US states providing high-speed internet, TV entertainment and phone services to 1.2 million connections in nearly 900 rural, suburban, and metropolitan communities. The client will be using the IQGeo Platform and Workflow Management software to improve construction process efficiency and productivity to support a major investment in expanding their fibre network infrastructure.
IQGeo states the contract has an overall value of USD800,000, comprising a software licence subscription to be recognised over the next three years and certain implementation services to be recognised over the next two years.
"We are very pleased to announce this excellent new logo with a tier one telecoms operator. It is another great example of the success we are having with our software subscription revenue model in our target market. The IQGeo software will be deployed across the construction process, providing a strong ROI and solid foundation for a long-term relationship with this customer," said IQGeo Chief Executive Richard Petti.
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By Ife Taiwo; ifetaiwo@alliancenews.com
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