5th Jul 2022 10:15
(Alliance News) - Shares in Smartspace Software PLC were up on Tuesday as it said that it is trading in line with internal expectations.
Shares in the company were up 6.2% to 59.98 pence each in London on Tuesday morning.
Smartspace is a Suffolk, England-based software solutions company, which aims to help employee engagement through visitor management, desk management, meeting room management and analytics. It is made up of three operating companies: Space Connect, SwipedOn and Anders & Kern.
Smartspace said that SwipeOne has continued to trade well, with average revenue per unit and annual recurring revenue increasing.
It added that the division has signed its largest client for desks in the past week, with the order coming from an Australian-based consulting business with 200 offices and 10,000 employees worldwide. This first phase is for 2000 desks across multiple locations in the Asia-Pacific region.
Smartspace added that the momentum of its Space Connect division has improved, after an initial slow start to the year.
"This has been driven by the positive reaction from recent trade shows, a new simplified pricing model and other initiatives to drive demand," the company said.
Anders & Kern has also had a "strong" start to the year, Smartspace said, with revenues "significantly higher" than for the same period last year.
Chief Executive Frank Beechinor said: "Overall, our growth story continues within our businesses, with customers continuing to shift their focus to space optimisation. This is as hybrid working continues to be an integral part of our daily working life. It is therefore easy to see how SwipedOn desks should be at the forefront of any decision that is focused on employee satisfaction combined with financial and real estate efficiencies."
By Sophie Rose; [email protected]
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