Iqgeo Share Discussion Threads

[w13ken] 19/2/2024 12:06

Just a reminder of what a good appointment IQGeo made last August with CTO David Cottingham. He's a perfect fit and now, after 6 months in the role, will be leading on his own vision of the technical roadmap for IQGeo to become truly global.

Also a new APAC Sales VP was announced today. Good to see as sales in the region have mostly been restricted to Japan and Malaysia.

"David comes to IQGeo with extensive software and hardware expertise including over a decade at Citrix where he held senior management, partner engagement, and technical roles for SaaS, ecosystems, and virtualization solutions. His past responsibilities have included leading large, multidisciplinary engineering teams distributed around the world, driving product vision and strategy, and owning relationships with tier 1 software and hardware vendors."

[p1nkfish] 18/2/2024 13:11

A long boring thought typed up.

It's "PLATFORM 10" that is puzzling as I can't find reference to it elsewhere so wonder if fiberinsider had a sneak peak and what extra capabilities it might offer over 7. Why jump from 7 to 10 if 10 exists? Was it just a typo on fiberinsider?

My interest is the way the whole (Telecom + Utilities + GIS) ties into Smart Cities.

I used to have an interest in Silver Spring Networks before acquired by ITRON in 2018 as they touted Smart Cities as a target. It was loss making but sold for about $830M with a much higher revenue than IQGEO (it had poor margins & revenue flattered by hardware for smart wireless mesh products, not the same as IQGEO). IQGEO has a better business model and much higher margins overall. Worth a read as background - look at the customers vs IQGEO targets -

Early days for the Smart Cities sector.

The IQGEO reference to handling data streams from millions of Smart IoT devices is very interesting as that can be Smart Meters (obvious for IQGEO) but also, possibly, the built environment of the City, and there is no bigger network to "Build Better". Energy, telecom, Buildings, the lot. Energy management is just one. If Adaptive Grid can allow for more rapid planning and system of record of DER's it makes sense to move into mapping demand too and having both supply and demand meters mapped (planned too) and able to take data from them via IoT as a datastream. Sounds like a logical step to me.

IQGEO have:

1) Telecom - done, fiber, 5G, nodes, etc
2) Ultilities - done, Electric, Gas, Water
3) Energy/Heating - done, Smart Meter roll-out via Comsof, District Heating via Comsof

What makes a city - 1), 2), 3) + Transport (transport is IoT datastreams off car counters, rapid metro, traffic lights, buses, bus stops, even people counters on buses/trains etc). All are sources of Smart IoT Datastreams - now referenced by IQGEO as a capability.

I can envisage all the existing products orbiting a "Smart Cities" central product to "Build Better Networks". A full suite of capabilities where the customer picks and chooses the elements they want and in their entirety be able to build a Smart City Network in the cloud with both Office and Mobile real-time IoT datastreams. Better than anything Silver Spring ever had and at better margins. That's worth very, very, decent $.

The Japanese could be a useful geography for Smart Cities products as a starter.

What is Platform 10?

[w13ken] 18/2/2024 08:58

Thanks pf. Next month's results should come with an exciting summary of new features and planned initiatives. It seems likely that there be another boost after that. DYOR

[p1nkfish] 17/2/2024 22:35

What's not immediately apparent is the release number. "IQGEO Platform 7.1" is the latest on the IQGEO website but the latest referenced on the fiberinsider website is "IQGEO Platform 10".

fiberinsider - "In the realm of geospatial software solutions, IQGeo has introduced their latest product, IQGeo Platform 10. This platform enables utilities and telecommunications companies to efficiently manage their network assets and operations. With IQGeo Platform 10, organizations can streamline workflows, improve data accuracy, and enhance collaboration among field and office teams. This innovative solution empowers companies to make informed decisions, reduce costs, and deliver better service to their customers."

[p1nkfish] 17/2/2024 19:24

1) "support data feeds from millions smart IoT network devices", see........Professional Integration Framework - they confirm they can handle millions of IoT data feeds on a mobile platform. Smart Cities are dependent on the IoT networks woven into them, not just smart meters, and IQGEO have commented on it as a market to address since at least 2020. Now they can. These networks will become more important and tie Utilities and Telecom together and into the wider built network infrastructure.

2) Largely known to us but there are changes to the platform - 12th Feb 2024 - "recent", "new IQGEO Platform" (not the old one) - FiberInsider - "Moving on, we come to IQGeo, a leading provider of geospatial software solutions. IQGeo recently announced the launch of its new IQGeo Platform, a cloud-based solution that enables utilities and telecommunications companies to digitize their operations and improve efficiency. The IQGeo Platform offers a range of features, including real-time data visualization, asset management, and field operations optimization. By leveraging the power of geospatial data, IQGeo empowers organizations to make informed decisions, streamline workflows, and enhance customer service. This innovative solution is set to transform the way utilities and telecom companies manage their infrastructure."

3) They are working with a section of Arcadis (over 30 countries, 39000 people) for digital fabric -

[w13ken] 17/2/2024 15:17

Nice, where do they confirm this?

[p1nkfish] 17/2/2024 14:39

IQGEO Platform can now support data feeds from millions of smart IoT devices.
Furthering the network capabilities and into Smart Cities. Mentioned in the past but now live.
Their own Cloud offering under Swyft too for the platform - NOT SURE ABOUT THIS.

[janeann] 16/2/2024 21:13

Thanks W13Ken. Ill take a look ... been trying to digest the website and the likes plus some RNS's. And as for Grid... well Ill get there eventually! Discover it... pure chance....saw the name and thought it was a bit odd so started to read. The recent TU was the main decider to invest. But I do like stocks that seem to me to be in the right place at the right time. and this to me has that.

[w13ken] 16/2/2024 16:17

janeann, first off - welcome! I like your honesty and, to be fair, I was a bit like that at the beginning: knowing enough to be interested but not enough to fully understand the company and its competitive advantage.
I'm still learning after 2 1/2 years but have become more comfortable with the management team and what they are building. A good point to start is the Capital Markets day video in the Twitter thread above. It's long but you can speed through some later practical videos.
Where did you discover IQGeo?

[janeann] 16/2/2024 14:00

well I cant confess to fully understanding just what they do but joined you at 380 and then again at 390 first thng today. Liked the TU and it seems they are in the right place at the right time - something I like in a co.

[w13ken] 15/2/2024 20:46

I've had 7 likes already - that is going viral for me! 😂

[w13ken] 15/2/2024 20:05

The potential is enormous and very exciting.

I've just posted an updated IQG thread on Twitter/X on why they could be a £1Bn company. I didn't get into Grid as it's best to keep it simple.

Let me know if you can read it:

[p1nkfish] 15/2/2024 18:00

I suspect much of the high volume since the New Year has been transfers to new holders with deep pockets and a relatively long time frame - patient types. If so they usually buy once the risk is diminished and don't dump in short order. Not interested in the riskier phase nor trading.

As a consequence, probably not much free stock available but anticipation of news, results, growth or possibly an acquisition approach by a larger entity at a premium to the market price.

My staging post expectation is still £4.25, read £4.35 somewhere else and Cavendish had a £5 target.

IQGEO are having some serious impact in the Fiber market and if they can just show they are making a small dent in Grid and possibly following a similar path to the Fiber impact then we are in a good place at this price as it could move much higher.

Remember when a single Canadian Fiber win was celebrated? Now they have Canada more or less in the bag with the major players. Repeat that with mobile for the Grid (anywhere/territory at all) and we will be absolutely fine well past £5 imho.

Dyor etc, I'm often wrong.

[w13ken] 15/2/2024 16:43

The share price has proved very resilient in the 375-390p range. There's a high probability of a new or extended contract prior to next month's results, which could easily take us to an all-time high of over 400p along with more financial media attention.

Edit: Looks like a 394p close 🥳

[p1nkfish] 12/2/2024 19:25

The Grid side should eclipse the Fiber side over time and Energy Central is a decent square in which to shout about your goods and services.

IQGEO haven't posted on Energy Central since May 25th 2023. Weak optics.

Bentley have been more active:

as have ESRI including for the Mobile Workforce:

What gives?

Feb 19th is about half way between the TU and the Final Audited Results. For such a growing company would hope for some news in the next 6 weeks.

[p1nkfish] 12/2/2024 07:58

Feel free to do as you wish with info here, I dont post elsewhere, I mean on other platforms. Dyor etc.

[w13ken] 11/2/2024 22:38

Brilliant stuff pf. I like the way your mind works :-)

I get the occasional attention of Tweeters with 10,000+ followers so it would be good to work together on a new thread on key drivers for IQGeo's future.

[p1nkfish] 11/2/2024 20:50

Next Query: "Do you consider it possible that IQGEO Adaptive Grid software could capture 0.3% of this market?"

Response: "Whether IQGeo Adaptive Grid can capture 0.3% of the market for mobile software aiding in rapid design, asset management, and outage restoration in the electric grid is possible, but depends on several factors:

Strengths of IQGeo Adaptive Grid:

Focus on network-centricity: Adaptive Grid specifically targets the needs of electric utilities for grid management, unlike some broader smart grid software solutions.

Integration capabilities: Seamless integration with existing GIS and network data is crucial for adoption, and IQGeo emphasizes this aspect.

Mobile-first approach: Aligning with the trend of mobile device usage by field workers can be advantageous.

Company growth and momentum: IQGeo is experiencing strong financial performance and customer adoption, indicating potential for further market share gains.

Challenges to consider:

Market competition: Established players and emerging competitors exist in the smart grid and mobile workforce management software space.

Newness of the solution: Adaptive Grid is a relatively new product, requiring time to gain market awareness and trust.

Integration complexity: As mentioned earlier, integration challenges can hinder adoption, requiring IQGeo to address them effectively.

Price sensitivity: Utilities might be cost-sensitive, requiring IQGeo to offer competitive pricing and demonstrate clear value proposition.

Market size and potential capture:

While a precise market size is elusive, considering the broader smart grid and mobile workforce management software markets with estimated values of $35.94 billion and $55.59 billion by 2028 and 2027, respectively, even a conservative 0.2% overlap suggests a potential market exceeding $50 billion. Capturing 0.3% of this potential market translates to roughly $150 million.

Overall, capturing 0.3% of the market is achievable, but not guaranteed. IQGeo Adaptive Grid's focus, capabilities, and company momentum position it well, but overcoming competition, establishing trust, and addressing integration challenges will be crucial for success.

Remember, this is just an informed estimate based on available data and analysis. The actual market potential and IQGeo's performance will depend on various evolving factors."

[p1nkfish] 11/2/2024 20:39

This is where it becomes ridiculous (IN A POSITIVE WAY) and illustrates the MASSIVE potential in the Grid. Below is from a query on Google Gemini, Bing Co-Pilot gives lower figures, not as comprehensive.

WORTH A READ. If IQGEO address the "Challenges & Uncertainties" they will have a good start. If they captured $100M sales just in Grid (forget fiber) it would still be noise out of the total potential by 2028 at about 0.3%.


Query: "For software that integrates with existing GIS systems, and other network data, to revolutionise the system of record, what is the global demand, in $'s, for mobile software to help in rapid design, asset management and outage restoration in the Electric Grid?"


Answer: "Determining the exact global demand in dollars for mobile software that integrates with existing GIS and network data to revolutionize electric grid management, specifically for rapid design, asset management, and outage restoration, is challenging due to the complex and evolving nature of the market. However, I can offer insights and relevant data to help you estimate the potential:

Market Drivers:

Grid Modernization: Utilities are increasingly investing in modernizing their grids to accommodate renewable energy integration, distributed generation, and changing consumer demands. This modernization often involves adopting digital solutions and integrating them with existing data systems.

Aging Infrastructure: Aging grid infrastructure requires better asset management and maintenance to prevent outages and improve reliability. Mobile solutions can offer real-time insights and facilitate efficient field operations.
Climate Change: Weather events are becoming more frequent and severe, leading to increased outages and the need for faster restoration times. Mobile tools can aid in damage assessment, crew coordination, and communication during such events.

Mobile Device Adoption: The widespread adoption of mobile devices by field workers creates a demand for mobile-first solutions that offer convenient access to critical data and tools.

Market Size and Growth Estimates:

Smart Grid Software Market: Grand View Research estimates the global smart grid software market to reach USD 35.94 billion by 2028, growing at a CAGR of 12.3% from 2023. This broader market includes various software solutions, some overlapping with your specific interest.

Mobile Workforce Management Software Market: ResearchAndMarkets predicts the mobile workforce management software market to reach USD 55.59 billion by 2027, with a CAGR of 24.1%. This market provides tools for managing field workers, which could be relevant for outage restoration in the electric grid.

Challenges and Uncertainties:

Fragmentation: The electric grid software market is fragmented, with numerous vendors offering specialized solutions. This makes it difficult to estimate the size of the specific segment you're interested in.

Integration Complexity: Integrating new software with existing GIS and network data systems can be complex and expensive, potentially hindering rapid adoption.
Data Standardization: Lack of standardized data formats can create interoperability issues, limiting the reach and effectiveness of such software.

Conclusion:

While a precise global demand figure in dollars isn't readily available, the market for mobile software solutions that support rapid design, asset management, and outage restoration in the electric grid is undoubtedly growing due to the factors mentioned above. By considering the broader smart grid and mobile workforce management software markets, and factoring in the specific challenges and opportunities within the electric grid sector, you can make an informed estimate of the potential demand for your proposed software solution.

Additional Resources:

IEEE Smart Grid Resource Center:
Edison Electric Institute:
International Energy Agency:
"

[p1nkfish] 11/2/2024 20:16

Internet speed (average) per country.
UK is 29th (34th)
Germany 36th (42nd)

A great deal of work to do globally, India needs a massive amount, as does China. This market is long term and demand not diminishing anytime soon, if anything growing as other parts of the world want/need faster connectivity.

You can download the data in XLS here:

[w13ken] 11/2/2024 17:01

Agree pf that another acquisition seems unlikely. They have assembled a great core team but are continuing to strengthen it with additional specialist technical staff so that they can build their own solutions from here on.
I really hope any takeover of IQG is not too soon as I'm excited to see where this year takes us.
Bentley know their software has been eclipsed but they have a lot of debt.

[p1nkfish] 10/2/2024 10:33

As an aside, Bentley Systems (BSY) is in price consolidation, a weekly close above $52.5 and there is a chance it will run higher. Don't like the look of all of it but just the type to look to buy IQGEO as BSY needs a fillip.

As for valuation of IQGEO being high, it is for many in the same sort of field inc Bentley and Nemetschek + others.

It's an area in demand and expect substantial consolidation with little at low valuation currently.

IQGEO did a good job snapping up OSPInsight and Comsof. Would be great if they could pull off another one but low hanging stuff is harder to find now.

[p1nkfish] 10/2/2024 10:20

I've been digging to see who may be available to acquire to add value to IQGEO. Obviously I don't know the market anywhere near as well IQGEO do.

I don't see much of the quality or value potential of Comsof or anything in Grid. Searched at what I thought might be useful <$50M in Europe (inc Switzerland), US and Australia.

Anything interesting is highly valued (private held harder to confirm but look it - with decent partnerships and advisers) and quite a number already merged to bulk-up or acquired by PE.

Summary is IQGEO is more a target for acquisition than an acquirer IMHO.

I do expect an approach to be made, just don't know when.
Doubt it will be sold for below $500M, again IMHO.

[w13ken] 09/2/2024 14:55

Excellent blog from CMO, Steve Tongish, explaining how IQGeo Group helped Deutsche Telekom accelerate their ambitious FTTH (Fiber To The Home) rollout in Germany > 3m homes per year, with the help of IQGeo’s Comsof Fiber software.
End-to-end planning & design timelines were reduced by 50-90% compared to manual design methods.