Cambridge, 21 September 2023 - IQGeo (AIM: IQG), a developer of geospatial software that is "Building better networks" for telecom and utility operators, is pleased to announce a major new contract with an existing customer that reflects IQGeo's success with its lifecycle software solutions designed for broadband network operators. The contract is with a top five global wholesale fiber network provider with operations in the US and Europe with a software ACV value of $400,000 per annum and a total contract value over 3 years of $1.9 million including ACV and services.
The US contract is with an existing customer that is one of the largest global wholesale fiber providers. The new project comprises a major strategic decision to replace its current fiber network inventory system with IQGeo’s Network Manager Telecom software, and IQGeo was again chosen for its lifecycle network management capabilities that will support the customers’ rapidly growing and increasingly complex fiber networks.
Richard Petti, CEO, commented that "This new project demonstrates 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. I'm very pleased to see how the momentum for our software continues to build across the global telecom industry with both new and existing customers."