Tag: Smartspace Software

RedstoneConnect rebrands after sell off

RedstoneConnect is about to change its name to Smartspace Software after selling off its managed services and systems integration businesses.

For those who came in late, the outfit flogged its revenue-generating businesses earlier this year, leaving it with just its software arm.

In a statement to the stock exchange RedstoneConnect said: “As part of the recent disposal of the company’s systems integration and managed services divisions, the company is required to change its name from RedstoneConnect plc.

“Furthermore, the directors of the company believe that the proposed name of Smartspace Software is more appropriate for the company’s focus on the provision of software into the smart building and co-working space markets.”

For the year ending 31 January RedstoneConnect generated sales of £47.57 million, with the software division contributing £5.3 million.

The software division houses OneSpace – an occupancy management firm developed by RedstoneConnect.