Seneca Partners and the Seneca EIS Portfolio Service are pleased to support LoopUp Group PLC on its admission to the AIM stock market.
The LoopUp Group is a global software-as-a-service (“SaaS”) provider of conference calling software, allowing users to take part in remote meetings.
Streamlined and intuitive, LoopUp is designed to eliminate common frustrations associated with conference calls to deliver a premium remote meeting experience for mainstream business users along with the quality, security, and reliability expected by global blue-chip companies. In the last financial year, the Group achieved revenue of £10.1 million, gross profit of £7.5 million, and EBITDA of c. £1.0 million.
Founded in 2003, the Group is headquartered in the UK and has offices in San Francisco, New York, Boston, Hong Kong and Barbados, employing more than 100 people.
Commenting on the company’s admission to the AIM market, Steve Flavell, Co-Chief Executive Officer of LoopUp Group, commented:
“The completion of the IPO process marks an important and exciting milestone on LoopUp’s journey as a UK-headquartered and internationally-minded technology company, and provides a significant catalyst for our continued growth. The reception from investors has been positive and encouraging, and reinforces our belief that our differentiated product, business model and plans for the future provide the foundation needed to deliver on our potential as a public company. Our focus will continue to be on delivering an exceptional product and service to our customers around the world, supported by the funds we’ve raised and emboldened by the faith our new shareholders have placed in us. These are exciting times.”