22nd Dec 2020 11:36
IQGeo Group PLC - Cambridge, England-based software company - Announces a new software and services contract worth GBP1.2 million with an undisclosed "major tier 1" Canadian telecoms network operator. Says contract for software licence subscriptions and implementation services will be recognised over three years. Notes the new customer's initial deployment of IQGeo's geospatial platform and workflow manager software will allow it to efficiently manage its "increasingly complex network processes, reducing cost and risk, while improving customer satisfaction."
Chief Executive Richard Petti says: "This new customer win is another great example of how the measurable return on investment 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 hybrid fiber-coaxial infrastructure to long-term maintenance and disaster response."
Current stock price: 83.90 pence
Year-to-date change: up 46%
By Zoe Wickens; [email protected]
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