SmartSpace Software Plc acquisition of Swiped On Limited

SmartSpace Software Plc, the leading provider of 'Workspace Management Software' for smart buildings, commercial spaces and hospitality, is announced the acquisition of the entire issued share capital of Swiped On Limited, a fast-growing SaaS business offering a visitor management solution to customers around the globe, for a total consideration of £5.4 million. The acquisition of SwipedOn is directly in line with SmartSpace's strategic focus on creating greater levels of recurring, annuity-based SaaS revenues with improved earnings visibility as an exclusive software business.