Smart Buildings

SmartSpace Software’s Strategic Move Leads to Visitor Management Platform Momentum

SmartSpace Software Plc is a UK based provider of workplace management software for smart buildings and commercial spaces. The company is listed on the London Stock Exchange’s AIM market.  In this Research Note, we examine the business, based on their trading updates and investor presentation of 17 February 2022 and their workplace management strategy. Revenue for the year ended 31 January 2022 increased 15% on the prior year to £5.3 million. The firm reported continued strong momentum of Annual Recurring Revenue (ARR), which increased 64% year on year to £4.9 million. The three operating companies in the group comprise: Space Connect ‐ SaaS meeting room and desk booking vendor, acquired in October 2019, headquartered in Australia.SwipedOn ‐ SaaS visitor management and desk booking vendor, headquartered in Tauranga, New Zealand, founded in 2013 and acquired in October 2018.  Anders & Kern ‐ workspace software and hardware distribution and technical support. Since 2018, SmartSpace has revolved around its buy and build activities for its pure play […]

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