Last checked at 8 Jun 2021 09:00
IQGeo Group plc
("IQGeo" or the "Company")
IQGeo selected by Deutsche GigaNetz to support lightspeed fiber rollout
IQGeo (AIM: IQG), a developer of geospatial productivity and collaboration software for the telecoms and utility industries, is pleased to announce that Deutsche GigaNetz GmbH has selected IQGeo as its strategic supplier of fiber network management and workflow software.
Deutsche GigaNetz is a rapidly growing next generation fiber network provider that brings "lightspeed" performance broadband to customers across Germany. It has chosen a cloud deployment of IQGeo's Network Manager software as its dedicated System of Record (SoR) and will also be using its Workflow Manager software to optimize mobile field construction processes.
Deutsche GigaNetz selected the IQGeo software in a highly competitive tender process, recognizing both the innovation of the IQGeo geospatial technology and the shared vision of creating an end-to-end, optimized network management solution that is accessible across the entire enterprise.
Based on IQGeo's cloud-native architecture, Deutsche GigaNetz has selected a Microsoft Azure cloud deployment to support its aggressive network growth targets, providing a highly scalable, resilient, and secure enterprise solution that reduces long-term total cost of ownership. IQGeo's mobile-first Workflow Manager software will underpin construction ticketing for Deutsche GigaNetz's field crews and 3rd party contractors, optimizing processes and accelerating time-to-revenue.
Richard Petti, CEO, commented: "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."
Further information on this project is available on the Company's website at https://blog.iqgeo.com/news-iqgeo.
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)
This is an RNS Reach announcement and the information contained is not considered to have a significant impact on management's expectations of the Group's performance. RNS Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on RNS Reach.
About IQGeo
IQGeo™ (AIM: IQG), a leading developer of geospatial software, delivers improved productivity and collaboration across enterprise planning, design, construction, maintenance and sales processes for telecoms and utility network operators. Our mobile-first enterprise solutions create and maintain an accurate view of complex network assets that is easily accessible by anyone, wherever and whenever needed. Specialized applications combined with our open IQGeo Platform help network operators create a single source of network truth to meet their digital transformation ambitions and operational KPIs. Our award-winning, cloud-enabled solutions save time and money, and improve safety and productivity, while enhancing customer satisfaction. Headquartered in Cambridge, with offices in Denver, Frankfurt and Tokyo, we work with some of the largest network infrastructure operators in the world. For more information visit: www.iqgeo.com/