Capital Markets Day and Product Strategy Update
01/11/2023 07:00
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RNS Number : 9434R IQGeo Group PLC 01 November 2023
RNS REACH
IQGeo Group plc
("IQGeo", the "Company" or the "Group")
Capital Markets Day and Product Strategy Update
IQGeo (AIM: IQG), a developer of geospatial software that is "Building better
networks" for telecom and utility operators, will host a Capital Markets Day
for analysts and investors and provides an update on the strong initial
customer reaction to its "Editions" strategy.
Capital Markets Day
The Company will host a Capital Markets Day for analysts and investors on 29
November 2023.
Richard Petti, CEO, will be joined by senior leaders from across the Company,
with product demonstrations and Tier-1 customer testimonials to showcase how
the Group's lifecycle network management software strategy
(https://www.iqgeo.com/solutions/integrated-network-solution-for-fiber-and-cable-operators)
are vital to the success of its customers, and why they have confidence in
the IQGeo team.
The event will set out more detail on the Group's total addressable market and
its dynamics, notably high levels of investment in fibre broadband rollout and
utility grid modernisation, that underpin IQGeo's confidence in its prospects
for the future. The presenters will provide insight into the Group's strategic
priorities of growing ARR as a proportion of overall revenue, product
development plans, and the uniqueness of the Group's existing product set.
Presentations will include:
· Market overview and 'Land & Expand' revenue strategy
· North American overview and AT&T customer story
· EMEA overview and Comsof acquisition integration story
· Customer testimonials
· Live demonstration of the IQGeo award-winning software
The Capital Markets Day is for institutional investors and sell-side analysts
only. Hosted by Cavendish at its offices in 1 Bartholomew Close, London
EC1A7BL, presentations will start at 10.00am and will run until 12.30pm.
Places are limited so if you would like to attend in-person please contact
IR@cavendish.com.
There will also be a live webcast for attendees who wish to join the event
virtually and a copy of the presentation will be available on IQGeo's website
after the event.
There will be no new material financial information provided at the Capital
Markets Day. The Company published its half-year results on 25 September 2023
in which the Group demonstrated strong performance and growth across all key
financial metrics from its continued focus on its core telecoms and utility
markets. The Board reiterates the outlook set out in the interim financial
statements and its high level of confidence in achieving growth aspirations
for this current financial year and the next is underpinned by a strong and
growing pipeline of near- and longer-term revenue opportunities.
Product Strategy Update
The Company recently announced a new go to market strategy for its Network
Manager Telecom software with three new Editions called Insight, Professional,
and Enterprise to provide rapid startup for fibre network operators and a
seamless path to automating and scaling up business processes. These different
Editions are designed to provide fibre operators of any size and scope with a
network management solution that meets their technical and budget
requirements, and allows IQGeo to address a wide range of potential customers
through a single software platform, with a seamless upgrade path as their
networks scale.
The Enterprise Edition is for those customers that demand more advanced
configuration and customisation for their network deployments, designed
particularly for the Company's traditional customers amongst large and medium
and telecoms and utilities network operators.
The Insight and Professional editions are designed as a software-only packaged
solution that can be running in reduced timescales without need for custom
configuration. The Insight Edition has been successfully launched as the
upgrade path for the Company's OSPInsight software customer base, acquired by
IQGeo in December 2020, and follows a subscription-based SaaS revenue model.
The Company has been pleased with customer reaction to the Insight and
Professional editions with two new customers already subscribing to this
solution since the US launch in October and a significant pipeline growing on
the back of interest from both its OSPInsight customer base and new customers
alike.
For further information contact:
IQGeo Group
plc
+44
1223 606655
Richard Petti
Haywood Chapman
Cavendish Capital Markets Ltd
+44 20
7220 0500
Henrik Persson, Seamus Fricker (Corporate Finance)
Tim Redfern, Charlotte Sutcliffe (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
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not on RNS Reach.
Notes to Editors
About IQGeo
Telecommunication, fibre, and utility operators are "Building better networks"
with IQGeo's award-winning network management software. 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 fibre and 5G broadband rollouts or complex
utility grid modernisation projects, customers trust IQGeo's Integrated
Network and Adaptive Grid solutions. We partner with large multinationals and
smaller regional operators to deliver the digital innovation they need to
accelerate time-to-revenue, increase network resilience, improve operational
safety, and deliver ROI.
For more information visit: www.iqgeo.com/ (http://www.iqgeo.com/)
Copyright © 2023, IQGeo UK Limited. IQGeo is a registered ® trademark
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