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In this Research Note, we examine the SmartSpace Software group, based on their trading update providing unaudited results for financial year ending 31 January 2023 and their investor conference of 9th February 2023. SmartSpace Software Plc is a UK-based provider of workplace management software for smart buildings and commercial spaces, with revenues under $10 million. The group’s offerings include software for visitor and employee management, desk and meeting room booking and analytics modules. The company is listed on the London Stock Exchange’s AIM market. SmartSpace Financial Highlights The Group has been progressing toward its objective to build a high-growth SaaS business with strong recurring revenues. Revenue for the year ended 31 January 2023 up 36% to £7.0m (FY22: £5.1m). Continued momentum of Annual Recurring Revenue (ARR) up 26% year on year to £5.8m as at 31 January 2023 (FY22: £4.9m or £4.6m on a constant currency basis). Strong growth in recurring revenue up 45% to £4.9m […]
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Several smart building startups will trial energy efficiency, HVAC optimization, and energy storage technology across Amazon fulfillment centers and warehouses in Europe after winning funding in this year’s Amazon Sustainability Accelerator (ASA). The 2024 ClimateTech Pilot Challenge has welcomed startups that have moved beyond prototype testing and are working towards generating initial revenue and growing […]
This Research Note examines what’s behind the acquisition of Danfoss Fire Safety A/S by Siemens Smart Infrastructure announced on 8th October 2024. We review the transaction details, the strategic rationale, the SEM-SAFE fire protection system, and deployments before assessing how this acquisition fits into Siemens fire safety portfolio. Transaction Details Siemens Smart Infrastructure has agreed […]
In today’s complex commercial real estate landscape, energy management has become a critical focus for asset managers, property managers, and facilities managers. As urbanization accelerates, energy demand grows, and the energy market becomes more volatile, optimizing energy use is no longer just about lowering costs, it has become a key factor in achieving sustainability, resource […]
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