TIDMLOOP
RNS Number : 5430Y
LoopUp Group PLC
10 September 2020
10 September 2020
LOOPUP GROUP PLC
("LoopUp Group" or the "Group")
LoopUp Contract Wins, Business Update & Notice of Interim
Results
- Major new contract win with one of the world's top-5 law firms
- Expanded partnership to FY2022 with C&W Communications
- Launch of new online plans for LoopUp Meetings
LoopUp Group plc (LSE AIM: LOOP), the premium cloud
communications provider, is pleased to provide the following
business update and notice of its upcoming interim results for the
period ended 30 June 2020 on Wednesday 23 September 2020.
Major Customer Wins:
The Group is pleased to announce that it has signed a
significant new contract with one of the world's top-5 law firms.
Following a successful pilot with 300 users, LoopUp Meetings will
now be rolled out globally with the potential to become one of the
Group's largest accounts.
This contract follows two other top-100 global law firm wins
secured during July and August 2020, demonstrating LoopUp's
continued success to expand its footprint in the Professional
Services market.
Partnership expansion with Cable & Wireless:
LoopUp has also successfully expanded its existing partnership
with C&W Communications, one of the leading telecommunications
providers in the Caribbean and Latin America, in a new contract
which will run through to the end of FY2022.
'Conferencing on Demand', powered by LoopUp - a white-labelled
version of LoopUp Meetings - will now be included in C&W's core
Unified Communications and Collaboration portfolio of products,
with expanded distribution across 16 countries: Anguilla, Antigua
& Barbuda, Bahamas, Barbados, British Virgin Islands, Cayman
Islands, Dominica, Grenada, Jamaica, Montserrat, Saint Kitts and
Nevis, Saint Lucia, Saint Vincent & the Grenadines, Turks &
Caicos, Trinidad & Tobago, and later this year, Panama.
This expanded partnership also involves the internal deployment
of LoopUp Meetings as another advanced conferencing tool for
C&W's own internal corporate use.
Launched new online plans for LoopUp Meetings:
The Group has launched two new online plans for LoopUp Meetings
to promote lead generation via the product's established network
effect. These new offerings are aimed at individual users within
target market professional services firms, who experience the
product as guests of existing customers, and who then wish to try
out the product for hosting their own online meetings.
The Free Plan is restricted to domestic meetings via the LoopUp
join link with a maximum of 10 guests. The Business Plan upgrade is
charged at a promotional level of GBP15/$15/EUR15 per month, which
then removes the Free Plan's restrictions.
This move provides an opportunity for more target market users
to try out and experience LoopUp Meetings in a freemium model and
for 'land-and-expand' new business in target market accounts.
Notice of interim results:
The Group will announce its interim results for the period ended
30 June 2020 on Wednesday 23 September 2020.
Steve Flavell and Michael Hughes, co-CEOs of LoopUp Group,
commented:
"We are pleased to announce the Group has secured these
important contract wins demonstrating the continued momentum at
LoopUp. Great communications have always been at the heart of
successful organisations, now more than ever. We are delighted to
be chosen and relied on to provide simple and secure
business-critical communications in these challenging times."
Market abuse regulation:
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014.
For further information, please contact:
LoopUp Group plc via FTI
Steve Flavell, co-CEO
+44 (0) 20 7886
Panmure Gordon (UK) Limited 2500
Dominic Morley / Alina Vaskina (Corporate
Finance)
Erik Anderson (Corporate Broking)
+44 (0) 20 7260
Numis Securities Limited 1000
Simon Willis / Jonny Abbott (Corporate Finance)
+44 (0) 20 3727
FTI Consulting, LLP 1000
Matt Dixon / Emma Hall / Jamille Smith / Shamma
Kelly
About LoopUp Group plc:
LoopUp (LSE AIM: LOOP) is a premium cloud communications
solution for business-critical external communications. The
solution combines premium remote meetings with inbound and outbound
cloud voice services via Direct Routing integration with Microsoft
Teams. Our customers benefit from a global fully-managed service,
and an emphasis on security, reliability and simplicity, delivered
with deep domain expertise and caring customer support. We're proud
to be trusted provider to over 5,000 organisations worldwide,
including more than 20 of both the world's top-100 law firms and
top-100 private equity firms, as well as enterprises such as
Travelex, Kia Motors, Planet Hollywood and National Geographic. The
Group is headquartered in London, with offices in San Francisco,
New York, Boston, Chicago, Dallas, Los Angeles, Denver, Cardiff,
Milton Keynes, Madrid, Berlin, Malmo, Hong Kong, Sydney and
Barbados, and is listed on the AIM market of the London Stock
Exchange (LOOP). For further information, please visit:
www.loopup.com .
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END
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