IQGeo Group PLC (AIM:IQG)'s OSPInsight fibre network management software has been selected by a rapidly growing large US tier-1 telecoms operator to replace a competitor's solution, the geospatial software developer today announced.
The contract has a subscription value of US$500,000 (£403,000) over three years plus over US$2mln in professional services to be recognised this year.
Operating in multiple markets across southern states, the operator has grown significantly through organic expansion and acquisition.
The new client turned to IQGeo for an optimised fibre network management and workflow solution after an existing ESRI-based mapping software was unable to meet its increasingly complex requirements.
IQGeo’s SMB software division will first help migrate network data from disparate systems into a single shared System of Record (SoR).
Chief executive Richard Petti, CEO, commented: "We're pleased to see this major US fibre 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."
IQGeo receives carbon-neutral status
The company also announced that it received Carbon Neutral Organisation status for its 2022 carbon footprint assessment for the second year running.
Following a best practice-framework from the Department for Environment, Food & Rural Affairs and the Department for Business, Energy and Industrial Strategy, as well as Greenhouse Gas Protocol reporting standards, IQGeo completed a thorough carbon footprint analysis and offset its carbon emissions.
IQGeo is working to mitigate carbon emissions and was able to report a decline in carbon emission per employee in 2022 compared to the 2019 reference year.
Petti said: "As we have communicated previously, decarbonisation is an important objective for many of our telecom and utility customers. Not only does our software enable essential network modernisation to meet net-zero objectives, but our status also helps to decarbonise their supply chain.
“In 2023 we will continue to work with our team to look for opportunities to reduce our overall and individual emissions. As an organisation, we are committed to doing our part to reduce the impact of climate change for future generations."