SwipedOn offers visitor management software to customers across the globe on a monthly subscription basis. It has clients in the UK, US, Canada, Australia and New Zealand.
The move by SmartSpace comes after it disposed of its system integration and managed services division earlier this year. It is now focusing on growing its presence in the space management market.
Frank Beechinor, chief executive of SmartSpace, said: "In July 2018 we set out with the intention of identifying acquisition targets in three categories - 'bulking up', broaden our functionality and providing us an entry-level SaaS offering.
SwipedOn sits in two of these categories. As part of our search, we investigated several acquisition opportunities in visitor management in the UK, the US and Europe. We decided on SwipedOn as we felt it met our criteria of offering good value, had a scalable technology, a worldwide customer base, a strong team and established SaaS management processes with the potential for significant growth."
The total consideration payable for SwipedOn is £5.4m, £4.2m of which is payable in cash. The remainder will be satisfied by the issue of 1.37 million SmartSpace ordinary shares to four existing SwipedOn shareholders, including its chief executive Hadleigh Ford and co-founder Ben Scott.