Follow on contract with global telecom operator

RNS Number : 3806P

IQGeo Group PLC

09 February 2023

 

IQGeo Group plc

(the "Company" or the "Group")

Global Top 5 telecom operator extends use of IQGeo for integrated Project and Construction Management software

IQGeo (AIM: IQG), a developer of geospatial productivity and collaboration software for the telecoms and utility industries, is pleased to announce the extension of its existing relationship with a Global Top 5 telecom operator.

This follow-on contract for IQGeo's integrated Project and Construction Management software is in line with expectations, is co-termed with the original 3-year deal and has a further software subscription value of US$4.2 million (US$1.5 million ACV) and US$0.5 million of services.  This follow on contract demonstrates the expansion and upsell opportunities afforded by the integrated software suite. The integrated Project and Construction Management software will streamline processes associated with the build out of fibre networks that were planned using IQGeo's fibre network planning and design software.

The IQGeo integrated Project and Construction Management software seamlessly complements the fiber planning and mobile software previously sold and will play a key role in one of the largest FTTx and 5G build outs in the US, supporting millions of new customers in communities across the country.  This fully integrated digital solution will streamline processes to alleviate inefficient resource bottlenecks and data silos by providing a common planning, design, and field walkout platform for internal staff and external contractors.

Richard Petti, CEO, commented that " We are extremely pleased to be expanding our relationship with this strategic US-based customer. We will begin with a production deployment in selected areas with a view to a nationwide rollout in subsequent phases. This expansion continues the trend of Tier 1 operators purchasing new business systems to design, build and operate their next generation communications networks and this partnership demonstrates the important role that IQGeo is playing in the global effort to bring fibre broadband and mobile communications to communities worldwide ."

For further information contact:

IQGeo Group plc                                               [phone]

Richard Petti

Haywood Chapman

finnCap Ltd  [phone]

Henrik Persson, Seamus Fricker (Corporate Finance)

Tim Redfern, Charlotte Sutcliffe (ECM)

Notes to Editors

About IQGeo

Telecommunications and utility operators are "Building better networks" with IQGeo's award-winning software solutions. 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 fiber and 5G broadband rollouts or complex utility grid modernization projects, customers trust IQGeo's enterprise solutions, OSPInsight fiber management, and Comsof automated design software. We partner with large multinationals and smaller regional operators to deliver the digital innovation they need to increase network resilience, operational safety, and business ROI.

For more information visit:  www.iqgeo.com/

Copyright © 2023, IQGeo UK Limited. IQGeo is a registered ® trademark

 

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