SMRT.L Share News (SMRT)

(Sharecast News) - Software firm Smartspace said on Friday that has inked a new international customer agreement with Gategroup that will see the company deploy its SwipedOn visitor management solution across the client's international estate.
Smartspace said the contract, secured by its SwipedOn subsidiary, will commence immediately in the UK, Europe, the USA and Australasia, with 100% of revenues earned from the contract expected to be recurring software-as-a-service revenues.

The AIM-listed firm highlighted that the agreement was "strategically important" and represented a "significant milestone in the evolution of SmartSpace's sales capability in SwipedOn", with the group now increasing its focus on larger clients with a multi-location international presence.

Smartspace also noted that it reinforces current group forecasts and provides "a platform for further important wins of this nature".

SwipedOn managing director Hadleigh Ford said: "We have been working closely with the Gategroup team over the last few months. One of the key criteria for Gategroup was to create a covid-safe environment for their employees, contractors and customers.

"With Nicole Brooky heading up our sales team globally, securing our first large multi-location single contract deal illustrates SwipedOn's ongoing focus on securing significant revenue-generating deals."

As of 1025 BST, Smartspace shares were up 5.19% at 162.0p.