SmartSpace

Canaccord Genuity acts as Rule 3 Adviser, Financial Adviser, Nominated Adviser and Sole Broker to SmartSpace on its recommended cash offer from Sign In Solutions, Inc.

Canaccord Genuity is pleased to announce it has acted as Rule 3 Adviser, Financial Adviser, Nominated Adviser and Sole Broker to SmartSpace Software Plc (“SmartSpace”) on its £28.4 million takeover by Sign In Solutions, Inc., the innovative workplace enablement partner combining traditional visitor management systems with comprehensive software and real-time analytics. Sign In Solutions is majority owned, and controlled, by funds advised by PSG, the US- headquartered growth equity firm.

SmartSpace is a fast-growing SaaS-based technology business, designing and building smart software solutions. The SmartSpace Group's software solutions help transform employee engagement with modules which include visitor management, desk management, meeting room management and analytics. The operating brands of the SmartSpace Group comprise: Space Connect - SaaS meeting room and desk booking; and SwipedOn - SaaS visitor management and desk booking.

The all-cash offer at a price of 90 pence represented a premium of approximately of 169% to the closing price of a SmartSpace Share of 33.5 pence on 11 December 2023, being the last business date the commencement of the offer period; 125% to the three-month VWAP; and 120% to the six-month VWAP. Canaccord Genuity has acted for SmartSpace since October 2019.