Member Article

Shoreditch's LoopUp Group plotting flotation on AIM

Remote conference call providers LoopUp Group have announced plans to float the company on the Alternative Investment Market (AIM) which it claims will unlock the next stage of growth for the company.

The Shoreditch-headquartered firm, which was founded in 2003, intends to begin trading on AIM, which is a sub-market of the London Stock Exchange, this month and will use the added investment to fund a number of strategic and marketing initiatives.

These include an expansion of its business acquisition efforts, the introduction of inbound marketing and the creation of an online sales channel.

LoopUp already boasts over 1,850 customers worldwide, including National Georgraphic and Subaru, who rely on its Software as Service (SaaS) remote meetings and conference call solutions.

Steve Flavell, Co-Chief Executive Officer of LoopUp Group, said: “Conference calls and remote meetings have become part of daily business life and yet users have come to expect their experience on these services to be incredibly frustrating and time consuming.

“LoopUp is designed to give users a streamlined and intuitive experience which addresses these frustrations in a simple and powerful way. Our differentiated product and proven new customer acquisition model have allowed us to secure over 1,850 customers and grow both consistently and capital-efficiently.”

Since its foundation the company has grown into a global operation, with offices in San Francisco, New York and Hong Kong, and last year was named as one of Tech City’s fastest growing and most disruptive tech firms in the UK.

“The IPO will provide us with the right capital structure and funds to drive our business forward and introduce the benefits of LoopUp to new customers around the world,” added Steve.

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