Contract Win

RNS Number : 4321J

IQGeo Group PLC

22 December 2020

 

IQGeo Group plc

(the "Company" or the "Group")

IQGeo announces major contract with new tier 1 Canadian telecoms operator

IQGeo Group plc (AIM: IQG) is pleased to announce a significant new contract for software and services with a major tier 1 Canadian telecoms network operator. The new contract has an order value of £1.2m for software licence subscriptions and implementation services to be recognised over three years.

The new customer provides a wide range of telecommunications and entertainment services to business and residential customers in Eastern Canada. After an extensive evaluation process, they selected IQGeo's geospatial Platform and Workflow Manager software to rapidly capture and visualise the status of projects, service tickets and critical network assets for office staff and remote field crews. Their initial deployment will allow them to efficiently manage their increasingly complex network processes, reducing cost and risk, while improving customer satisfaction.

Richard Petti, CEO at IQGeo, said : "This new customer win is another great example of how the measurable ROI and operational benefits of our geospatial software resonates with major tier 1 telecoms operators. We provide value across their entire network lifecycle from the rollout of new fibre networks, management of existing HFC infrastructure to long-term maintenance and disaster response. We are very pleased to see this large network operator join our growing list of customers and we look forward to the initial deployment and the planned rollout of field and office users across their enterprise over the next three years."

For further information contact:

IQGeo Group plc   [phone]

Richard Petti

Haywood Chapman

finnCap Ltd   [phone]

Henrik Persson, Matthew Radley (Corporate Finance)

Tim Redfern, Richard Chambers (ECM)

Notes to Editors

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/

 

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