Cambridge, 18 April 2023 - IQGeo (AIM: IQG), a developer of geospatial software that is “Building better networks” for telecom and utility operators, is pleased to announce that IQGeo’s OSPInsight fiber network management software has been selected by a rapidly growing large tier 1 telecom operator in the US to replace a competitor’s solution.
This is a significant contract for IQGeo’s SMB software division (having a subscription value of US$500k over three years plus over $2.0 million in professional services to be recognized this year), reflecting the success of this team in securing larger customers.
Operating in multiple markets across southern states, the operator has grown significantly through organic expansion and acquisition. With their existing ESRI-based mapping software unable to meet their increasingly complex requirements, they turned to IQGeo for an optimized fiber network management and workflow solution.
The first phase of this project employs IQGeo’s fiber industry experts to migrate network data from disparate systems into a single shared System of Record (SoR). This initial deployment has significant future expansion potential as the customer rolls out software to field teams and expands applications into planning, construction, and maintenance operations.
Richard Petti, CEO, commented that “We’re pleased to see this major US fiber network operator choose IQGeo for the quality of our software and the industry expertise of our service team. This is a large contract for our SMB division and another example of our success in replacing legacy competitive systems with our innovative software. We are confident that future project phases with this new customer will require expansion in the number of IQGeo software licenses and in the range of applications we can provide.”
This announcement was originally published on the London Stock Exchange and Proactive Investors.