Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Iqgeo Group Plc LSE:IQG London Ordinary Share GB00B3NCXX73 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 123.50 122.00 125.00 123.50 123.50 123.50 15,525 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 9.2 -4.4 -8.2 - 71

IQGeo Group PLC Deutsche GigaNetz chooses IQGeo

08/06/2021 9:00am

RNS Non-Regulatory


TIDMIQG

IQGeo Group PLC

08 June 2021

IQGeo Group plc

("IQGeo" or the "Company")

IQGeo selected by Deutsche GigaNetz to support lightspeed fiber rollout

IQGeo (AIM: IQG), a developer of geospatial productivity and collaboration software for the telecoms and utility industries, is pleased to announce that Deutsche GigaNetz GmbH has selected IQGeo as its strategic supplier of fiber network management and workflow software.

Deutsche GigaNetz is a rapidly growing next generation fiber network provider that brings "lightspeed" performance broadband to customers across Germany. It has chosen a cloud deployment of IQGeo's Network Manager software as its dedicated System of Record (SoR) and will also be using its Workflow Manager software to optimize mobile field construction processes.

Deutsche GigaNetz selected the IQGeo software in a highly competitive tender process, recognizing both the innovation of the IQGeo geospatial technology and the shared vision of creating an end-to-end, optimized network management solution that is accessible across the entire enterprise.

Based on IQGeo's cloud-native architecture, Deutsche GigaNetz has selected a Microsoft Azure cloud deployment to support its aggressive network growth targets, providing a highly scalable, resilient, and secure enterprise solution that reduces long-term total cost of ownership. IQGeo's mobile-first Workflow Manager software will underpin construction ticketing for Deutsche GigaNetz's field crews and 3rd party contractors, optimizing processes and accelerating time-to-revenue.

Richard Petti, CEO, commented: "The competitive selection process demonstrates that IQGeo is well positioned against our European rivals and the new contract with Deutsche GigaNet is a validation of our technical and business strategy. This is an important new account that is embracing our software across their entire operational lifecycle while expanding our customer base of telecoms network operators in Central Europe. Our customer footprint is now truly global, and we look forward to further expanding our market penetration."

Further information on this project is available on the Company's website at https://blog.iqgeo.com/news-iqgeo .

For further information contact:

IQGeo Group plc +44 1223 606655

Richard Petti

Haywood Chapman

finnCap Ltd +44 20 7220 0500

Henrik Persson, Seamus Fricker (Corporate Finance)

Tim Redfern, Richard Chambers (ECM)

This is an RNS Reach announcement and the information contained is not considered to have a significant impact on management's expectations of the Group's performance. RNS Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on RNS Reach.

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.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word "Reach" in the source column of the News Explorer pages of London Stock Exchange's website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

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

NRADBGDLDUGDGBR

(END) Dow Jones Newswires

June 08, 2021 04:00 ET (08:00 GMT)

1 Year Iqgeo Chart

1 Year Iqgeo Chart

1 Month Iqgeo Chart

1 Month Iqgeo Chart
ADVFN Advertorial
Your Recent History
LSE
IQG
Iqgeo
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20210726 02:46:18