This Research Note examines what’s behind the acquisition of UK-listed company, SmartSpace Software by visitor management software firm, Sign In Solutions, agreed by the shareholders on 18th April 2024. We review the bidding war started by Skedda, assess the terms of the offer, and highlight the respective businesses in workplace management solutions. Competing Bids On 12th December 2023, Smartspace Software said the board was considering Skedda Holding’s latest GBP £25 million 82p per share takeover offer, having rejected a previous approach at a lower price. Founded in 2013, Skedda is a Melbourne Australia-based provider of a space management and scheduling platform, serving over 12,000 customers and nearly two million users. The company competes specifically with SwipedOn, the New Zealand-based subsidiary of SmartSpace Software, which offers visitor management software. Backed by private equity, Skedda reports 54 employees on LinkedIn, with a 218% 2-year growth in headcount. On 22nd January 2024, Smartspace Software PLC received an indicative […]