IQGeo Group to sell minority stake in RTLS SmartSpace
"We are delighted that Investcorp have decided to consolidate their holding in the RTLS SmartSpace business,” said Richard Petti.
Company
LON:IQG
Telecommunications and utility operators are “Building better networks” with IQGeo’s award-winning software solutions. The ability to powerfully model any network requirement, integrate every system and data source, and support field and office teams with continual innovation is helping operators create the networks of the future. Our solutions ensure greater cross-team collaboration and process efficiency throughout the network lifecycle, from planning and design to construction, operations, and sales. Whether it’s highly competitive fiber and 5G broadband rollouts or complex utility grid modernization projects, customers trust IQGeo’s enterprise solutions, OSPInsight fiber management, and Comsof automated design software. We partner with large multinationals and smaller regional operators to deliver the digital innovation they need to increase network resilience, operational safety, and business ROI.
71 stories · page 4 of 4
"We are delighted that Investcorp have decided to consolidate their holding in the RTLS SmartSpace business,” said Richard Petti.
The new contract for software licence subscriptions and implementation services carries a value of £1.2mln which will be recognised over three years
The software firm said the purchase of OSPI will expand its IP in the “technically complex area of network design, splice design and detailed record keeping”
“The new solutions will drive even greater value for our customer, supporting ongoing growth opportunities for the future"
The CSA is basing its new UtiliGo solution, which is designed to improve the way field users access and update network infrastructure information, on IQGeo’s mobile platform
Judges comments at the awards included the assessment that the software was "a good solution to replace antiquated construction design systems"
The AIM-listed company will provide 240 user licenses for its IQGeo Platform and Workflow Manager software
The geospatial software group said its customer end markets had “remained resilient” during the pandemic as the boom in home working lifted demand for broadband, 5G and utilities
“Network operators are facing some very complicated decisions of having to invest in and upgrade their assets,” says Richard Petti of IQGeo, a geospatial technology specialist at the forefront of this change
The contract comprises a software licence subscription to be recognised over the next three years and certain implementation services to be recognised over the next two years
Hardware & electrical equipment
Many telecoms firms, as well as water and energy providers, still rely on pen and paper to log any changes to their pipes and cables, but IQGeo is looking to change that