Investcorp Technology Partners has acquired UK-based enterprise software and sensor business SmartSpace from trade vendor Ubisense in a deal valuing the business at up to £35m.
GP takes a minority stake in the IT service, while the management team remain on board
Existing investors E.Ventures and Heartcore also participate in the funding round
Transaction involves four remaining assets, including Genesys, eDreams and Asia Broadcast Satellite
Existing investors Velocity Capital, Industrifonden and Frumtak also participate