This Research Note explores the acquisition of UK-based Spica Technologies Ltd (formerly owned by Nordomatic) by Hubstar Group Ltd, announced on 9th October 2025. We examine the Spica Technologies software offering before highlighting Hubstar’s strategy with 4 acquisitions to date and concluding with our view of the transaction. Spica Technologies Profile Spica Technologies is a provider of Gemex workplace experience software for booking, visitor management, employee engagement, and space management. Founded in 2014 in Birmingham, UK, the company initially prioritized IoT data for space management and compliance; in 2019, Spica released the first iteration of the GemEx workplace experience app for employees, broadening its offering to the wider workplace experience audience. Spica’s cloud-based technology has been deployed across 2.5 million sqm of real estate with 300,000 users in 30+ countries throughout Europe, North America and Asia Pacific. Its client base spans large multinational corporates, real estate asset management firms, landlords, facilities management companies and government […]