Cambridge, 15 June 2024 - IQGeo (AIM: IQG), a developer of geospatial software that is “Building better networks” for telecom and utility operators, today announced that it was given the accolade of “Company of the Year” by the Small Cap Network at a gala awards ceremony in London on the 14th of June. The awards shine a light on the best companies and participants in the small and micro-cap community (sub £350m market capitalization) across thirteen categories recognizing outstanding achievement focused on smaller quoted companies.
IQGeo reported impressive financial growth in its last financial year with an excellent overall business trajectory over the last half decade. The company has dramatically grown its market share in the telecom and utility industries with its award-winning geospatial network management software. Its software innovation, geographic expansion, and organic and acquisition growth have all contributed to IQGeo’s business success.
Tim Corcoran, CEO at Master Investor, said: “IQGeo’s exceptional growth trajectory is noteworthy, with an impressive year-on-year increase of 83%. Since 2020, IQGeo’s revenues have more than tripled, reflecting the increasing demand for their geospatial software solutions in the telecom and utility sectors. The company’s strong financial performance has resulted in a well-deserved re-rating over the past few years.”
“We are very pleased to accept this impressive award on behalf of the entire IQGeo team.” said Richard Petti, CEO at IQGeo. “We’ve made amazing progress with our ambitious business goals, which has been a real team effort. Thanks to our customers, partners, and everyone at IQGeo. This is still just the beginning of our journey as we work to realize our mission of delivering digital equity and creating a greener future.”
