The acquisition of Commensus for £2.4m accelerates the journey to develop a high margin, scalable, business with recurring revenues, focusing on technology and services for smart buildings and destinations. With a new sales team being put in place, an extended Product Stack, new applications and a new ecosystem of partners following the acquisition of Connect IB in 2016, we estimate adjusted PBT will grow from £0.9m to £2.5m for the year ending January 2018. The Software App
22 Nov 2016
Acquisition underpins forecast
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Acquisition underpins forecast
Smartspace Software Plc (SMRT:LON) | 90.0 1.8 2.3% | Mkt Cap: 26.0m
- Published:
22 Nov 2016 -
Author:
Andy Smith -
Pages:
6
The acquisition of Commensus for £2.4m accelerates the journey to develop a high margin, scalable, business with recurring revenues, focusing on technology and services for smart buildings and destinations. With a new sales team being put in place, an extended Product Stack, new applications and a new ecosystem of partners following the acquisition of Connect IB in 2016, we estimate adjusted PBT will grow from £0.9m to £2.5m for the year ending January 2018. The Software App