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

SmartSpace Software wins agreement with Thermo Fisher Scientific

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’,  has announced that it has signed a new international customer agreement with ‘Thermo

SmartSpace Software

5 Common Misconceptions about Hot Desking

“Hot desking” is still a pretty new term and style of working for many businesses and their employees. The practice of desk sharing gives employees the freedom to choose their preferred desk when they are in

SmartSpace Software

7 ways a digital sign in system helps your business thrive

There is a whole host of technology available that can help entrepreneurs tackle key challenges in the business journey, from the initial startup idea through to building out a full-scale enterprise. Modern workspace management solutions are gaining

SmartSpace Software

SmartSpace Software achieve strong growth during the period

SmartSpace Software plc, (LON:SMRT) the leading provider of ‘Integrated Space Management Software’ for smart buildings and commercial spaces, has provided a trading update following the Company’s year end of 31 January 2022. The Group has been

SmartSpace Software

How to streamline desk booking at your workplace

There’s no question, the pandemic has dramatically and irreversibly changed the idea of the “traditional” workplace. Pre pandemic, US workers had an average of 2.4 remote workdays per month, in the fall of 2020, that increased

SmartSpace Software

6 tips for maximizing your workplace sign in system

The past two years have seen a dramatic change in the way we do business, which has in turn significantly accelerated the digital transformation of organizations worldwide. Factors like increased security concerns, the need to reduce

SmartSpace Software

5 ways a sign in system can boost your logistics business

The operational efficiency of most businesses depends on streamlined collaboration between different departments and employees and the logistics industry is no exception. The international nature of logistics businesses and handling the flow of partners, contractors, and

SmartSpace Software

All desk booking systems are not equal

The desk booking and desk management tech market has grown exponentially over the last 20 months. Which is no surprise. Where flexible and hybrid workspace models were a nice-to-have, they are now an essential. But not

SmartSpace Software

5 ways to streamline your transition to a hybrid workplace

Before the COVID-19 pandemic, most people probably would have associated the notion of “remote work” with independent contractors and freelancers. However, many of us “regular” employees had a taste of working from home and the benefits

SmartSpace Software

Signing out for 2021: A year in review

We kept our growing team busy over the course of the year with a range of new features to scope, plan, develop, test and launch to help solve problems and make work life easier for our

SmartSpace Software

All desk booking systems are not equal

The desk booking and desk management tech market has grown exponentially over the last 20 months. Which is no surprise. Where flexible and hybrid workspace models were a nice-to-have, they are now an essential. But not

SmartSpace Software

Request documents from your visitors during sign in

If you thought we were done with fresh new features for the year… think again. The team here at SwipedOn understands that it’s more important than ever to empower our customers with the features they need to

SmartSpace Software

How to avoid employee burnout at your workplace

Employees are more than money-making machines for companies, and managers are realizing that what is good for employees is good for the company—culturally and operationally. As the way we work changes to accommodate kinder and more