SMRT.L Share News (SMRT)

(Sharecast News) - Workspace management software provider SmartSpace Software has won a five-year contract with a "leading" international bank.The contract involves an on-premise platform solution of SmartSpace's integrated workspace management software that is capable of being deployed across the client's entire global corporate real estate portfolio, covering more than 60 markets and specific application services. The application services as part of this initial agreement include desks and mobile users in one location, together with meeting rooms which cover a greater number of the client's locations.Chief executive officer Frank Beechinor said: "We are pleased to be announcing a further new major contract. Our technical and operational team has been working with this leading international bank's in-house CRE team over the last few months, which has successfully culminated in now being able to announce this significant contract to the market. "This contract is significant due to the ambitious roll-out plan to deliver the on-premise platform solution in 2019 and also due to the commitment of this client to work with SmartSpace for a minimum of five years. "We are confident that the fully integrated workspace solutions platform we will be implementing will have a major impact on the bank's operational efficiency and will, if fully deployed across all the bank's locations, offer a significant overall improvement of its employees' experience. We look forward to building a successful and long-term relationship with one of the world's leading international banks."At 1030 GMT, the shares were up 2.6% to 94.91p.