The company will continue to provide the client with software licenses and services. It has been using IQGeo's Inspection & Survey application for gas leak detection in its utility networks.
The new contract also includes meter surveys and increases the number of divisions deploying IQGeo technology. The value is anticipated at US$600,000.
"We are very pleased to announce this major contract extension with an important utility customer,” said IQGeo chief executive Richard Petti in a statement.
“Not only does this highlight our successful strategy of growing recurring revenue with existing customers, it also illustrates the strong market demand for our cloud-first software architecture.
The new solutions will drive even greater value for our customer, supporting ongoing growth opportunities for the future," he added.