SmartSpace has announced the acquisition of Space Connect. The £3.2m acquisition significantly enhances the group’s mid-market capability and results in substantial R&D savings going forwards. H1’20 results, published alongside the acquisition, show progress with the group’s new software led strategy, with software revenue up 53% and total revenue up 57% to £3.0m. FY’20 is now expected to be significantly second half weighted, however our full year expe
31 Oct 2019
Acquisition bolsters mid-market strategy
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Acquisition bolsters mid-market strategy
Smartspace Software Plc (SMRT:LON) | 90.0 1.8 2.3% | Mkt Cap: 26.0m
- Published:
31 Oct 2019 -
Author:
Oliver Knott -
Pages:
3
SmartSpace has announced the acquisition of Space Connect. The £3.2m acquisition significantly enhances the group’s mid-market capability and results in substantial R&D savings going forwards. H1’20 results, published alongside the acquisition, show progress with the group’s new software led strategy, with software revenue up 53% and total revenue up 57% to £3.0m. FY’20 is now expected to be significantly second half weighted, however our full year expe