Last checked at 20 Sep 2023 07:00
RNS REACH
IQGeo Group plc
(the "Company" or the "Group")
Large US and European broadband operator embraces IQGeo's lifecycle solution
IQGeo (AIM: IQG), a developer of geospatial software that is "Building better networks" for telecom and utility operators, is pleased to announce a major new contract with an existing customer that reflects IQGeo's success with its lifecycle software solutions designed for broadband network operators. The contract is with a top five global wholesale fibre network provider with operations in the US and Europe with a software ACV value of $400,000 per annum and a total contract value over 3 years of $1.9 million including ACV and services.
The new project comprises a major strategic decision to replace its incumbent fibre system of record currently provided by GE, with IQGeo's Network Manager Telecom software, and IQGeo was again chosen for its lifecycle network management capabilities that will support the customers' rapidly growing and increasingly complex fibre networks.
Richard Petti, CEO, commented that "This new project demonstrates how vital our lifecycle network management software strategy is to the success of broadband operators and the confidence they have in the IQGeo team to deliver on their vision. I'm very pleased to see how the momentum for our software continues to build across the global telecom industry with both new and existing customers."
For further information contact:
IQGeo Group plc +44 1223 606655
Richard Petti
Haywood Chapman
Cavendish Capital Markets Ltd (formerly finnCap Ltd) +44 20 7220 0500
Henrik Persson, Seamus Fricker (Corporate Finance)
Tim Redfern, Charlotte Sutcliffe (ECM)
The Company's Nominated Adviser and Broker, finnCap Ltd, has now changed its name to Cavendish Capital Markets Ltd following completion of its own corporate merger.
Notes to Editors
About IQGeo
Telecommunication, fibre, and utility operators are "Building better networks" with IQGeo's award-winning network management software. The ability to powerfully model any network requirement, integrate every system and data source, and support field and office teams with continual innovation is helping operators create the networks of the future. Our solutions ensure greater cross-team collaboration and process efficiency throughout the network lifecycle, from planning and design to construction, operations, and sales.
Whether it's highly competitive fibre and 5G broadband rollouts or complex utility grid modernisation projects, customers trust IQGeo's Integrated Network and Adaptive Grid solutions. We partner with large multinationals and smaller regional operators to deliver the digital innovation they need to accelerate time-to-revenue, increase network resilience, improve operational safety, and deliver ROI.
For more information visit: www.iqgeo.com/
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