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New Deal


Announced

PSG-backed Sign In Solutions to acquire SmartSpace Software for £28m.

Financials

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Transaction Value£28m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium169%
One Off Charge-

Tags

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Public

Cross Border

United Kingdom

software

Software

Acquisition

Pending

Friendly

Majority

Single Bidder

Private Equity

Synopsis

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PSG-backed Sign In Solutions, a cloud-based visitor, identity, and risk management software provider, agreed to acquire SmartSpace Software, an integrated space management software company, for £28m. "Both Space Connect and SwipedOn will contribute directly to SIS's rapidly expanding growth in the global visitor management market. SwipedOn, in combination with our current Sign In App offering, further enables us to continue to grow market leadership by providing further insight and critical pre-requisite information to our customers. Additionally Space Connect, along with our current solutions, offers industry leading convenient and comprehensive logistics support to those who engage with our customers' businesses," Jeff Gordon, Sign In Solutions CEO.

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