Valuation: Not reflective of SaaS potential The company has the opportunity to accelerate this strategy, with net proceeds of £20m available from the recent placing to be targeted at further strengthening sales and marketing and product development as well as transitioning the BEMS business to a Smart Buildings SaaS offering. Over the last year, Checkit has invested to support its evolution into a pure SaaS software business, including doubling the size of the sales and marketing teams and boosting product development. The company recently acquired a foothold in the United States where it is keen to build its presence. Checkit’s Intelligent Operations software platform is designed to connect people, assets and buildings in real time via workflow management, automated monitoring and buildings management applications The main focus of the group is to encourage adoption of its platform, both signing up new customers and expanding usage within its existing blue-chip customer base. Company description: Adding intelligence to deskless operationsĬheckit provides software and services that optimise the performance of people, processes and physical assets in large and complex organisations.
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