1Spatial, a renowned global provider of Location Master Data Management (LMDM) software and solutions, has successfully signed a three-year agreement with a large distribution system operator for electricity and gas networks in Belgium. The contract, awarded after a competitive bidding process, includes supporting utilities in developing digital twins for their electricity distribution networks, with a focus on improving the quality and accuracy of geospatial data.
The agreement is for geospatial data processing services, and will see 1Spatial’s 1Integrate product used for proprietary data quality control and data validation capabilities, alongside 1Spatial’s geospatial data generation services. 1Spatial helps utilities build digital twins of their distribution networks, improving the quality and accuracy of their geospatial data. The project will enable utilities to carry out a wide range of activities, including distribution network management, connection construction and repairs, more efficiently and cost-effectively, ensuring the safety of their teams and customers.
The total value of the agreement with 1Spatial is EUR 9 million, of which 1Spatial will provide EUR 4.1 million, including EUR 300,000 in term software license revenue. 1Spatial will engage its partners to carry out the remaining works, totaling €4.9 million, over a three-year contract period.
Robust data governance
Claire Milverton, CEO of 1Spatial, commented on the contract win: Our new customers use our proprietary technology and solutions to generate and improve the quality and accuracy of their geospatial data. In addition to increasing our ARR revenue, this contract win validates the reliability of our enterprise services and we are excited to be working with this cutting-edge carrier with potential for expansion. . ”
Solutions from companies like 1Spatial play a key role in establishing robust data governance, enabling efficient and sustainable data governance for a diverse range of global clients, including national mapping agencies, utility companies, and government departments. We support operations. In today’s climate where leveraging trusted data presents opportunities for sustainability and net-zero goals, 1Spatial is committed to making meaningful impact by unlocking the value of data for informed decisions and deeper insights. Recognized for its efforts to provide
One of Belgium’s most famous buildings, the Atomium stands as a modernist architectural landmark in the center of Brussels.
