IQGeo scores 'large contract' with Canadian telco
IQGEO Group
402.00p
16:55 25/04/24
Software and services firm IQGeo has secured "a large contract" with an unnamed Canadian telecoms network operator.
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IQGeo said the contract with the mystery telco, which serves more than 3.2mm in central and western Canada, has an order value over the next two years of £1.3m for perpetual software licences, associated implementation services and annual maintenance and support.
The AIM-listed group said its new customer will deploy its IQGeo Platform and Workflow Manager software to create a situational awareness and operations support solution designed to accelerate fibre rollout time-to-market and improve customer satisfaction.
Chief executive Richard Petti said: "This new announcement is on the back of a large customer win we secured with another Tier 1 Canadian telecoms provider at the end of 2020. We have now established 4 of the top 5 Canadian telecoms operators as IQGeo customers and look forward to deploying and growing these accounts over time as they add new users and roll out additional applications to support business-critical activities across their entire operational lifecycle."
As of 0855 GMT, IQGeo shares were up 2.51% at 102.0p.