IQGeo Group PLC Contract Win
January 29 2021 - 2:00AM
RNS Non-Regulatory
TIDMIQG
IQGeo Group PLC
29 January 2021
IQGeo Group plc
(the "Company" or the "Group")
IQGeo secures large contract with major telecoms operator in
Canada
IQGeo Group plc (AIM: IQG) is pleased to announce a large
contract for software and services with a major telecoms network
operator that serves more than 3.2m customers in central and
western Canada. The new customer contract has an order value to be
recognised over the next two financial years of GBP1.3m for
perpetual software licences, associated implementation services,
and annual maintenance and support.
The new customer will deploy the IQGeo Platform and Workflow
Manager software to create a situational awareness and operations
support solution designed to accelerate fibre rollout
time-to-market and improve customer satisfaction. Using the IQGeo
Platform they will integrate a wide range of spatial, operational,
and business support systems into a single common geospatial view
that will be used by office or mobile field teams, whether online
or offline. This provides field crews with a powerful comprehensive
view of their network together with maintenance and operational
workflows to improve field productivity and reduce the cost and
complexity of managing multiple conflicting applications.
Richard Petti, CEO at IQGeo, said : "This new announcement is on
the back of a large customer win we secured with another Tier 1
Canadian telecoms provider at the end of 2020. We have now
established 4 of the top 5 Canadian telecoms operators as IQGeo
customers and look forward to deploying and growing these accounts
over time as they add new users and roll out additional
applications to support business critical activities across their
entire operational lifecycle. Our large Tier 1 customers around the
world provide a strong recuring revenue base for our business and
enable long-term growth opportunities as we expand the use of our
software with different departments and teams. We are very pleased
and excited to be working with this new Canadian customer."
For further information contact:
IQGeo Group plc +44 1223 606655
Richard Petti
Haywood Chapman
finnCap Ltd +44 20 7220 0500
Henrik Persson, Matthew Radley (Corporate Finance)
Tim Redfern, Richard Chambers (ECM)
Notes to Editors
About IQGeo
IQGeo(TM) (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/
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRAMZGZMRRVGMZM
(END) Dow Jones Newswires
January 29, 2021 02:00 ET (07:00 GMT)
Ubisense (LSE:UBI)
Historical Stock Chart
From Jul 2024 to Aug 2024
Ubisense (LSE:UBI)
Historical Stock Chart
From Aug 2023 to Aug 2024