TIDMLOOP
RNS Number : 3997U
LoopUp Group PLC
29 July 2020
29 July 2020
LOOPUP GROUP PLC
(the "Group")
LoopUp solution extended to provide global cloud voice
integration with Microsoft Teams
LoopUp Group plc (AIM: LOOP) is pleased to announce a major
extension to its flagship solution, LoopUp, to include global cloud
voice services via Direct Routing integration with Microsoft Teams,
alongside its premium remote meetings capability. This enables
users to make and receive outbound and inbound voice calls directly
from their Teams user interface on any device, irrespective of
geographic location, and with differentiated audio quality,
reliability and security. This marks the official launch of the new
scope to LoopUp, which has to date been available on a limited
geographic basis.
The Group will provide an overview via a virtual presentation
for analysts and investors at 10.30am today. No new financial
information will be disclosed. To register, please visit:
https://bit.ly/2CCI6R3.
Steve Flavell and Michael Hughes, co-CEOs of LoopUp Group,
commented,
"Great communications have always been at the heart of
successful organisations, now more so than ever. COVID-19 has
intensified and accelerated a change in working habits as companies
consider how best to better leverage remote productivity tools at
their disposal.
2020 is proving a very successful year for our premium remote
meetings solution but this is no time to stand still. With change
comes opportunity, and there is clear enterprise demand - including
a material portion of our professional services customer base - to
extend Microsoft Teams into business telephony. We believe we're
fantastically placed to win market share in this significant
landscape-changing opportunity.
We're very excited to announce this major extension to LoopUp -
now a premium cloud solution for business-critical external
communications, encompassing cloud voice for Microsoft Teams and
premium remote meetings."
Market opportunity:
Covid-19 has precipitated a paradigm shift in remote working.
The spotlight has intensified on best-in-class solutions that can
provide business continuity and productive internal and external
collaboration.
LoopUp's focus is on external collaboration - optimised for
important client meetings in the professional services market. As
announced on 16 July 2020, we have seen strong growth in H1 2020
trading driven by the large increase in working from home: 43%
year-on-year revenue growth to GBP31.9 million and 249% EBITDA
growth GBP12.2 million.
Microsoft Teams has grown strongly in the professional services
market for channelised chat and internal collaboration, as well as
in the larger enterprise market more generally. Daily active Teams
users increased by 70% to 75 million in just a seven-week period
during lockdown.
To date, few larger enterprises have extended Teams into
business telephony. Doing so makes sense as it not only unifies the
user experience, but also simplifies enterprise operations and
reduces cost by eliminating on premise legacy, PBX equipment and
rationalising telecommunications vendors.
Extending Teams into business telephony is possible either with
Microsoft's own SME 'Calling Plans' or, for larger enterprises, by
connecting their cloud Teams tenancy with a third-party voice
network ("Direct Routing"). Gartner forecasts that 90% of larger
enterprises that use Teams will adopt Direct Routing voice by 2022,
a seismic shift in the enterprise communications landscape from
just 10% adoption in 2019.
The Group believes it has a highly differentiated set of assets
to drive Direct Routing market share and material medium term
business growth.
LoopUp: a premium cloud solution for business-critical external
communications
The Group is extending its flagship solution, LoopUp, to include
global cloud voice services via Direct Routing integration with
Microsoft Teams, alongside its premium remote meetings
capability.
-- Cloud voice - enabling users to make and receive outbound and
inbound voice calls directly from their Teams user interface on any
device, irrespective of geographic location, and with
differentiated audio quality, reliability and security. This is
delivered via cloud-to-cloud Direct Routing integration with
Microsoft Teams. The solution is presented as a fully-managed
global service, encompassing bespoke transition design and
implementation, global number management and porting (in all
countries where regulation permits), and deep expertise in voice
and Microsoft modern workplace themes.
-- Premium remote meetings - optimised for external client
meetings - audio, web and video - in the professional services
market. We place the emphasis on security, reliability and
simplicity, with no downloads or installs for external client
guests. Users benefit from application integration with Microsoft
Teams and Outlook for sending invites and joining meetings, as well
as the cost benefit now of being on-network with LoopUp via Direct
Routing.
Primary customer benefits include: global service provision from
a single, trusted provider; differentiated quality, reliability and
security on all business-critical external communications; and a
smooth, compliant managed transition process from disparate legacy
systems.
The extended LoopUp solution is priced on a monthly user
subscription basis, which includes bundled domestic calls, meetings
access, screen sharing and video. Additional per-minute surcharges
apply for international meetings access and voice calls.
As part of its proprietary product suite, the Group will also
continue to offer 'LoopUp Meetings' as a standalone premium remote
meetings solution, and 'Event by LoopUp' for large, managed
events.
Differentiated Group assets and capabilities:
While such a major market opportunity will inevitably generate
considerable competition, LoopUp believes it is strongly positioned
to drive market share and material medium term business growth. Our
competitive strengths comprise a set of relevant assets and
capabilities that are difficult to replicate in a timely manner,
given the pace of the market opportunity. We also have a healthy
cash balance to invest behind market success (GBP8.2 million at the
end of H1 2020(1) ).
-- Premium global voice network - Built over the last 15 years
for the stringent demands of the professional services conference
calling market, LoopUp's voice network ties together 13 tier-1
carriers from around the world over its own private resilient
backbone. All carrier routings are objectively quality-scored, and
our network enables real-time carrier selection and redundancy for
optimised quality, reliability and cost. This is an ideal,
ready-made asset to interface with Microsoft Teams via
cloud-to-cloud Direct Routing.
-- Deep Microsoft voice expertise - Our Enablit business unit -
which now melds into the Group's core functional structure - has
been a specialist in Microsoft voice solutions since 2010, through
heritage of OCS, Lync, Skype for Business and now Teams. Certified
Microsoft Gold Partner across several designations, this team
brings deep expertise in voice and the broader modern digital
workplace. They are a critical asset to help our customers achieve
considered, secure and compliant transitions from legacy
systems.
-- Global operations footprint - Unlike many new entrants into
the Direct Routing market that tend to be more regional in nature,
LoopUp is proud to be a trusted global provider to more than 5,000
organisations, including 20 of the world's top-100 law firms. We
provide local account management from 15 international offices, as
well as 24/7 multi-lingual support. A global team footprint is an
essential asset if customers are to maximise the operational and
economic benefits of a single, fully managed-service provider.
-- A running start - Last but not least, the Group has a running
start as an existing player and early mover into the cloud voice
market. We currently provide cloud voice services to approximately
120 enterprise customers via both Microsoft Skype for Business and
Teams, which generated revenue of approximately GBP2.8 million in
FY 2019.
[1] Prior to an R&D tax credit of approximately GBP1.3
million, which has now been received in July 2020 during Q3
2020
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 .
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCDBGDRSXDDGGI
(END) Dow Jones Newswires
July 29, 2020 02:00 ET (06:00 GMT)
Grafico Azioni Loopup (LSE:LOOP)
Storico
Da Feb 2024 a Mar 2024
Grafico Azioni Loopup (LSE:LOOP)
Storico
Da Mar 2023 a Mar 2024