IQGeo Group PLC Significant new European customer win
September 29 2023 - 2:00AM
RNS Non-Regulatory
TIDMIQG
IQGeo Group PLC
29 September 2023
RNS REACH
IQGeo Group plc
(the "Company" or the "Group")
Significant new European customer win
IQGeo (AIM: IQG), a developer of geospatial software that is
"Building better networks" for telecom and utility operators, is
pleased to announce a significant new win in a competitive tender
with a Tier 1 national utility and broadband operator in Southern
Europe with a total contract value over six years of more than
EUR8.6 million, comprising of software licences of approximately
EUR4.2 million (being a perpetual licence of EUR0.7 million and ACV
of EUR0.59 million per year over the six years of the contract) and
the remainder as services.
This contract was won in a highly competitive bid process which
established this new flagship customer, a well-funded operator with
ambitions to deliver full fibre broadband to more than 3 million
customers in six years. IQGeo was selected for its ability to
provide a single end-to-end software solution for the entire
network lifecycle from planning and design, through construction,
and long-term maintenance.
Richard Petti, CEO, commented that "We are delighted that we
have been chosen to provide an end-to-end software solution for
this prestigious customer. This new tender win demonstrates our
competitiveness and 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.
Equally pleasing is that this tender has been won by our EMEA team
and further demonstrates the success of the Comsof acquisition that
was completed just over a year ago."
For further information contact:
IQGeo Group plc +44 1223 606655
Richard Petti
Haywood Chapman
Cavendish Capital Markets Ltd +44 20 7220 0500
Henrik Persson, Seamus Fricker (Corporate Finance)
Tim Redfern, Charlotte Sutcliffe (ECM)
This is an RNS Reach announcement and the information contained
is not considered to have a significant impact on management's
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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/
Copyright (c) 2023, IQGeo UK Limited. IQGeo is a registered (R)
trademark
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END
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