IKE
14/12/2015 08:30
GENERAL
NOT PRICE SENSITIVE
REL: 0830 HRS ikeGPS Group Limited (NS)
GENERAL: IKE: ikeGPS wins largest account with MapSight solution
ikeGPS wins largest account with MapSight solution
Sales to global communications group for aerial fiber infrastructure
deployment
ikeGPS Group Limited (NZX:IKE), the New Zealand measurement firm, has closed
contracts over $1 million with an undisclosed communications and
infrastructure group. The sale, providing MapSight software, mobile hardware
and training for the collection and analysis of distribution assets, was
concluded this month in support of fiber infrastructure deployment.
"This is a very large and global organisation at the forefront of aerial
fiber infrastructure deployments across the U.S. market and parts of Europe.
The MapSight solution helps them to carry out their fiber deployment
processes more quickly and efficiently, and increases data quality to ensure
compliance with stringent engineering standards and regulatory legislation.
Ultimately, this means getting new services to customers much faster", said
ikeGPS chief executive Glenn Milnes.
"This deal initially supports a project in a single U.S. state. Our goal is
for MapSight to become the 'standard' in these processes and we believe that
this is another significant step in that direction. Positively, this deal
also includes a long term pathway for further new MapSight software and
hardware, specific to power and communications infrastructure, to be
introduced across this customers' work practices. With line of sight to
other additional fiber initiatives across the U.S. market, and that their
field teams number thousands of staff, we anticipate growing this customer
into a significantly larger account."
Milnes added, "While we have continued to close many smaller utility and
engineering customers, as signaled earlier in the year our sales teams are
now focusing on materially larger deal opportunities and longer term accounts
with high growth potential. Our MapSight offering has evolved considerably
over the past 12 months in support of this and now includes best-practice
training, consulting and support in addition to our industry-leading software
and hardware technology stack. While the nature of winning these largest
infrastructure, engineering and communications groups is lumpy, we are very
pleased with how we are positioning in front of this large and growing global
market opportunity. Since our IPO in July 2014, we have been effective in
establishing the quality and value of our MapSight offering in the US market
in particular - that is increasingly facing very specific operational and
regulatory challenges that MapSight helps to solve, and this latest big
customer win is another significant step in our strategy."
ENDS
End CA:00275029 For:IKE Type:GENERAL Time:2015-12-14 08:30:09
