IQGeo announces acquisition of Comsof NV

The IQGeo Group has agreed to acquire Comsof for a total consideration of up to €13m through a combination of cash, and shares.

Founded in 1998 with roots in the world-renowned Intec information technology department of Ghent University, Comsof has offices in Belgium and Canada. Over the last 20 years Comsof has established its software as the industry’s leading technology for automated fiber optic network planning and design. Its software is now deployed in more than 50 countries with over 100 active customers worldwide to automate and optimize network planning and design for FTTx networks, cutting deployment costs and time to revenue.

There is significant global demand and investment for the deployment of new fiber optic networks and the Comsof acquisition will accelerate IQGeo’s ability to capture global market share. The acquisition of the Comsof technology strengthens IQGeo’s position as the premier provider of geospatial network management software that supports the entire telecom and utility network lifecycle.