IQGeo Group PLC IQG selected by major US & German fibre operators
July 11 2023 - 2:00AM
RNS Non-Regulatory
TIDMIQG
IQGeo Group PLC
11 July 2023
RNS REACH
IQGeo Group plc
(the "Company" or the "Group")
IQGeo selected by major US and German fibre operators
IQGeo (AIM: IQG), a developer of geospatial software that is
"Building better networks" for telecom and utility operators, is
pleased to announce significant new contracts with a tier 1 US
telecom provider and one of Germany's leading broadband operators.
Both of these customers were previous IQGeo or Comsof software
users and these expansion projects include the sale of IQGeo's
Network Manager Telecom software to be used as their strategic core
technology for the long-term growth and management of their full
fibre and Hybrid Fibre Coax (HFC) networks. The German customer
contract has a total minimum ACV of more than EUR2m over a 3-year
period with phase one service revenue in excess of EUR350k. The US
customer signed a 3-year contract with a value of more than $2m
that includes IQGeo cloud hosting services.
The German customer is one of the largest and most ambitious
broadband operators with plans to pass over 800k houses each year
for the next six years in an effort to accelerate fibre deployment
across the country. To position the organisation for growth,
IQGeo's Network Manager Telecom software will replace aging GIS
software to provide a single fibre network management solution. The
IQGeo technology will underpin the entire network lifecycle with a
digital twin of their fibre network from planning and design, to
construction, and long-term operations. Project plans include the
use of web-based and mobile applications to support the fibre
roll-out, as-built documentation, operational process management,
and integrations with a new IT infrastructure (e.g. Salesforce,
ServiceNow).
With the US customer we have a long-term relationship that
included the deployment of IQGeo's mobile solution for field crews
and contractors and software support services. The new contract was
awarded as part of a competitive bid process and represents a
significant expansion of the IQGeo software footprint as they
sunset the use of their legacy GIS, replacing it with Network
Manager Telecom. The IQGeo software provides a unique end-to-end
network model that will support their full fibre and HFC technology
architectures, consolidating their previously disconnected network
systems into a single unified solution. The open and flexible
design of the IQGeo software also enables the integration of other
business-critical data streams to support the entire lifecycle of
their network.
Richard Petti, CEO, commented; "These two new contracts are a
great example of how we have been successfully expanding the use of
our software with existing customers in two of our key markets. We
are now seen as an innovation and technology leader in the telecom
space and these recent wins put our technology at the very heart of
their business operations and validates our upsell and cross-sell
strategy we saw from the Comsof acquisition. We are very pleased to
be working with these customers to help them achieve rapid fibre
rollout and efficient long-term network operations in a highly
competitive market."
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, 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 (c) 2023, IQGeo UK Limited. IQGeo is a registered (R)
trademark
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END
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