SmartSpace Software Plc SwipedOn has seen a net increase of 22% to more than 2,700 customers

SmartSpace Software Plc (LON:SMRT), the leading provider of ‘Integrated Space Management Software’ for smart buildings, commercial spaces and hospitality, announced that trading for the year ended 31 January 2019 was in line with market expectations.

In June 2018 SmartSpace announced the disposal of its Systems Integration and IT Managed Services divisions for a total cash consideration of £21.6m (the “Disposal”) following a decision by the board to focus exclusively on building a Software as a Service (SaaS) business which can command better quality revenues both in terms of higher margins and also greater visibility. The Company is now focussed on developing its space optimisation software for the workplace.

The Disposal has provided additional capital for the Company to invest in accelerating the development of its SmartSpace platform increasing the market opportunity from multi-national enterprises and mid-market reach. It has also allowed SmartSpace to accelerate its routes to market by further investment in its direct and indirect sales and marketing capability. Testament to this strategy are two significant deals announced in recent months, one of which being with a major global financial institution.

The Disposal proceeds have also enabled SmartSpace to consider acquisition opportunities that have the potential to accelerate the growth of the Group by broadening SmartSpace’s suite of software products in the smart building and co-working space markets, expanding the Company’s geographical reach and/or targets which would bring with them a relevant established client base.

In October 2018 the Group announced the acquisition of SwipedOn Limited, a fast‐growing SaaS business offering a visitor management solution to customers globally on a monthly subscription. With the focus on new customer acquisition, SwipedOn has seen a net increase of 22% to more than 2,700 customers since the business was acquired.

The Company expects to announce its Final Results for the year ended 31 January 2019 by the end of April 2019.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
SmartSpace Software

More articles like this

SmartSpace Software

SwipedOn is now available for Android tablets

SwipedOn is the only premium workplace sign in system on the market with an Android-compatible app, meaning that more workplaces around the world will be able to welcome visitors and employees into their world in the most streamlined

SmartSpace Software

How technology can increase security for coworking spaces

Coworking spaces were becoming popular even before the pandemic hit and with the growing movement to freelancing and remote work we can only expect these to continue to grow.  According to Statista projections, the number of coworking spaces

SmartSpace Software

SmartSpace Software seeing continuing momentum in SwipedOn

SmartSpace Software plc, (LON:SMRT) the leading provider of ‘Integrated Space Management Software’ for smart buildings and commercial spaces, has announced a trading update for the six month period ending 31 July 2022. Key Highlights: ·      Group half

SmartSpace Software

4 ways to optimise workspace and learning space on campus

Simplifying and streamlining management of higher education real estate use – for faculty, staff and students alike – is high priority for the education sector right now: While different users and stakeholders all have differing needs

SmartSpace Software

9 ways technology can transform your business

Technology is becoming increasingly important in business and driving transformation in all elements of operations. Charles Darwin said, “It is not the strongest of the species that survives, nor the most intelligent that survives. It is

SmartSpace Software

Essential documents to collect from new hires

Paperwork and documents collection is a significant part of onboarding new employees, and more than half of organizations report that handling documentation is the primary focus of their onboarding programs. Streamlining paperwork is a key factor for creating

SmartSpace Software

How to encourage staff to use sign in software

In the growing shift to hybrid work arrangements, workplace sign in software supports clear reporting of employee presence and availability. With many benefits including convenience and compliance, the adoption of visitor management software has been rapid and substantial.

SmartSpace Software

9 ways technology can transform your business

Technology is becoming increasingly important in business and driving transformation in all elements of operations. Charles Darwin said, “It is not the strongest of the species that survives, nor the most intelligent that survives. It is

SmartSpace Software

3 reasons construction companies need modernized systems

Over the 21st century, many industries have increased their use of technology. The construction sector is one of them, although some companies’ systems still require a technological makeover. Upgrading to more modern systems has several benefits

SmartSpace Software

SmartSpace Software trading in line with management’s expectations

SmartSpace Software Plc, (LON:SMRT) the leading provider of ‘Integrated Space Management Software’ for smart buildings and commercial spaces – ‘visitor reception, desks and meeting rooms’,  will be holding its Annual General Meetingat 9.00 a.m. (BST) today at Singer

SmartSpace Software

How to ensure your co-working space is running efficiently

In recent years, co-working spaces have grown in popularity around the world. Frequented by both employed and self-employed individuals alike, they’re excellent places to collaborate and build a sense of community.  However, despite their importance in

SmartSpace Software

Why and how to use workspace restacking

Workspace restacking is the reconfiguration of existing space, most commonly to create more collaborative spaces. And right now, with the emergence and dominance of new hybrid working models, it has never been more relevant. What does