IQGeo Set to Acquire AI Company Deepomatic for Network Field Operations

If you’re wondering how AI is developing across the telecom world, here's an example. IQGeo, a developer of geospatial software for telecom and utility operators, announced this week that "exclusive negotiations" are underway with the goal of acquiring the AI computer vision software developer Deepomatic.

The AI acquisition addition enable IQGeo to enhance its products with "optimized detail capture and analysis in field operations, creating resilient and efficient broadband and utility networks," according to a press release.

What does the AI software do?

Deepomatic’s software uses AI-powered computer vision technology and analyzes photos taken by field engineers to identify and eliminate errors. Use cases include fiber network construction and service activation to meter installations, asset inspections and damage assessment.

Deepomatic and IQGeo already have software integrations in place to support joint customers, with additional projects underway. The Deepomatic software combines with IQGeo’s Workflow Manager and Network Manager Telecom.

"We are looking forward to have Deepomatic join the IQGeo team once negotiations are completed and all the required legal and regulatory processes have been undertaken" said Richard Petti, CEO at IQGeo.

"Their AI computer vision software brings a new dimension of network intelligence to our customers, accelerating performance across the operational lifecycle," he continued. "Deepomatic is already delivering amazing quality control and efficiency benefits to telecom and utility operators and their AI skillset will be strategic in realizing our vision of a predictive and proactive network model. Our combined technology will unlock enormous technical and business opportunities, offering greater speed, precision and insights, so together we can deliver the future today."

"By integrating our AI computer vision software with IQGeo’s geospatial expertise, we will be able to redefine what’s possible by empowering companies to create data-driven digital twins," said Augustin Marty, CEO of Deepomatic. "AI is fast becoming integral to successful infrastructure management, and together we will expand our industry footprint, ensuring operators have real-time, end-to-end visibility of their networks."

Following investment from KKR in September 2024, the company says they have focused on "accelerating its product innovation, expanding internationally and further strengthening its leadership position in geospatial network management software."

"This planned transaction and our continued investment in IQGeo closely align with KKR’s commitment to supporting cutting-edge technology companies that play a critical role in enabling digital connectivity and accelerating the energy transition," said Rami Bibi, Managing Director and Head of EMEA for KKR Global Impact.