Latest news with #LumApps
CNA
02-07-2025
- Business
- CNA
Merger of French and Swiss business software firms heralds new unicorn
ZURICH :A merger between French business software provider LumApps and its Swiss peer Beekeeper will create a new unicorn worth about $1.1 billion, the two companies said. The deal announced on Wednesday, which is due to complete this month, is backed by British private equity group Bridgepoint, which was previously a major shareholder in LumApps and will hold a majority stake in the new firm. "Midterm, an IPO or a trade sale are options. With the U.S. and Europe being our core markets, both would be great (IPO venue) candidates," said Beekeeper CEO Cristian Grossmann. The new firm's headquarters will be in Lyon, the home of LumApps, whose CEO Sebastien Ricard will lead the business. It will have approximately 600 employees worldwide. Unicorns are unlisted start-ups valued at at least $1 billion. Such firms are comparatively rare in Europe. LumApps makes software that companies use to run their intranets. "We are trying to augment or even replace products like Microsoft's SharePoint," said Elie Melois, chief technology officer of LumApps, which is used by the likes of Airbus and luxury goods group LVMH. While LumApps products are mainly used by office workers, Beekeeper has an app that allows frontline staff to communicate with the rest of the company. Beekeeper, founded by graduates of ETH Zurich, counts Swiss retailer Coop and Heathrow airport among its clients. Within six months, the merged company aims to introduce a unified platform. Current revenue of around $150 million is expected to double to around $300 million by 2030. LumApps already turns a profit, and Beekeeper aims to break even this year. "The combined group will be profitable from day one," Melois said.
Time of India
02-07-2025
- Business
- Time of India
Merger of French and Swiss business software firms heralds new unicorn
ZURICH: A merger between French business software provider LumApps and its Swiss peer Beekeeper will create a new unicorn worth about $1.1 billion, the two companies said. The deal announced on Wednesday, which is due to complete this month, is backed by British private equity group Bridgepoint, which was previously a major shareholder in LumApps and will hold a majority stake in the new firm. "Midterm, an IPO or a trade sale are options. With the U.S. and Europe being our core markets, both would be great (IPO venue) candidates," said Beekeeper CEO Cristian Grossmann. The new firm's headquarters will be in Lyon, the home of LumApps, whose CEO Sebastien Ricard will lead the business. It will have approximately 600 employees worldwide. Unicorns are unlisted start-ups valued at at least $1 billion. Such firms are comparatively rare in Europe. LumApps makes software that companies use to run their intranets. "We are trying to augment or even replace products like Microsoft's SharePoint," said Elie Melois, chief technology officer of LumApps, which is used by the likes of Airbus and luxury goods group LVMH. While LumApps products are mainly used by office workers, Beekeeper has an app that allows frontline staff to communicate with the rest of the company. Beekeeper, founded by graduates of ETH Zurich, counts Swiss retailer Coop and Heathrow airport among its clients. Within six months, the merged company aims to introduce a unified platform. Current revenue of around $150 million is expected to double to around $300 million by 2030. LumApps already turns a profit, and Beekeeper aims to break even this year. "The combined group will be profitable from day one," Melois said.
Reuters
02-07-2025
- Business
- Reuters
Merger of French and Swiss business software firms heralds new unicorn
ZURICH, July 2 (Reuters) - A merger between French business software provider LumApps and its Swiss peer Beekeeper will create a new unicorn worth about $1.1 billion, the two companies said. The deal announced on Wednesday, which is due to complete this month, is backed by British private equity group Bridgepoint (BPTB.L), opens new tab, which was previously a major shareholder in LumApps and will hold a majority stake in the new firm. "Midterm, an IPO or a trade sale are options. With the U.S. and Europe being our core markets, both would be great (IPO venue) candidates," said Beekeeper CEO Cristian Grossmann. The new firm's headquarters will be in Lyon, the home of LumApps, whose CEO Sebastien Ricard will lead the business. It will have approximately 600 employees worldwide. Unicorns are unlisted start-ups valued at at least $1 billion. Such firms are comparatively rare in Europe. LumApps makes software that companies use to run their intranets. "We are trying to augment or even replace products like Microsoft's SharePoint (MSFT.O), opens new tab," said Elie Melois, chief technology officer of LumApps, which is used by the likes of Airbus ( opens new tab and luxury goods group LVMH ( opens new tab. While LumApps products are mainly used by office workers, Beekeeper has an app that allows frontline staff to communicate with the rest of the company. Beekeeper, founded by graduates of ETH Zurich, counts Swiss retailer Coop and Heathrow airport among its clients. Within six months, the merged company aims to introduce a unified platform. Current revenue of around $150 million is expected to double to around $300 million by 2030. LumApps already turns a profit, and Beekeeper aims to break even this year. "The combined group will be profitable from day one," Melois said.
Yahoo
02-07-2025
- Business
- Yahoo
Merger of French and Swiss business software firms heralds new unicorn
ZURICH (Reuters) -A merger between French business software provider LumApps and its Swiss peer Beekeeper will create a new unicorn worth about $1.1 billion, the two companies said. The deal announced on Wednesday, which is due to complete this month, is backed by British private equity group Bridgepoint, which was previously a major shareholder in LumApps and will hold a majority stake in the new firm. "Midterm, an IPO or a trade sale are options. With the U.S. and Europe being our core markets, both would be great (IPO venue) candidates," said Beekeeper CEO Cristian Grossmann. The new firm's headquarters will be in Lyon, the home of LumApps, whose CEO Sebastien Ricard will lead the business. It will have approximately 600 employees worldwide. Unicorns are unlisted start-ups valued at at least $1 billion. Such firms are comparatively rare in Europe. LumApps makes software that companies use to run their intranets. "We are trying to augment or even replace products like Microsoft's SharePoint," said Elie Melois, chief technology officer of LumApps, which is used by the likes of Airbus and luxury goods group LVMH. While LumApps products are mainly used by office workers, Beekeeper has an app that allows frontline staff to communicate with the rest of the company. Beekeeper, founded by graduates of ETH Zurich, counts Swiss retailer Coop and Heathrow airport among its clients. Within six months, the merged company aims to introduce a unified platform. Current revenue of around $150 million is expected to double to around $300 million by 2030. LumApps already turns a profit, and Beekeeper aims to break even this year. "The combined group will be profitable from day one," Melois said. Sign in to access your portfolio
Yahoo
17-04-2025
- Business
- Yahoo
LumApps Unveils New Brand Identity and Strategic Positioning: "The Bright Way to Work"
AUSTIN, Texas, April 17, 2025 /PRNewswire/ -- LumApps, the leading connected employee hub, introduces its new brand identity and positioning, marked by the thought-provoking tagline: "The Bright Way to Work." This transformation underscores LumApps' unwavering commitment to reimagining the employee experience, helping people feel they belong, make an impact, and grow—every day. LumApps is more than just a tool; it's a new way of working. Its "bright" approach delivers smart, enlightening solutions that positively affect work practices. With more than 6 million users from supporting internationally renowned companies such as Global Payments Inc, Zapier, and Galeries Lafayette, LumApps transforms the way organizations work by making their employee experience more effective, intuitive, and engaging. In today's intricate enterprise landscape, delivering an exceptional employee experience is paramount. However, this endeavor often involves navigating a myriad of solutions that can create digital friction and hinder effective communication. LumApps addresses this by offering a connected platform that streamlines information flow and enhances collaboration across departments. "Our new branding and positioning mark a major step forward for LumApps, as employee experience becomes a mission-critical priority for forward-thinking companies," said Élie Mélois, CTO and co-founder at LumApps. "Exceptional EX isn't owned by just one team; it takes a village to deliver with close collaboration across Comms, IT, HR, and beyond. LumApps is designed to bring people, information, and tools together in one place, the way toward a more connected, engaging workplace, where every employee can thrive." The new brand identity embodies LumApps' vision of creating workplaces where everyone feels purpose each day through belonging, impact, and growth. The refreshed visual identity features a clean design with impactful colors and visuals that highlight the company's values and differentiate it within the tech and HR ecosystem. This design approach provides an intuitive and user-friendly experience, avoiding information overload and enhancing user engagement. This initiative aligns with LumApps' mission to build the worlds' first employee hub that connects people to what they need for success: communications, productivity tools and opportunities for growth. By integrating innovative features and maintaining a user-centric approach, LumApps continues to set the standard for future-ready intranet solutions that enhance the employee experience. For more information, visit About LumApps LumApps is the future-ready intranet designed for businesses that want to stay ahead. It transforms the employee experience, making it more effective, intuitive, and engaging. As the most flexible, scalable, and innovative solution, LumApps enhances communication, boosts productivity, and drives growth. It works from day one and adapts to your organization to become a fully connected employee hub. Seamlessly integrating with Google Workspace and Microsoft 365, LumApps centralizes communications, HR resources, and business applications into a modern, AI-powered employee hub. With over 6 million users and customers like Ascension Health, Zapier, and Genuine Parts Company, LumApps redefines the employee experience to support business success. LumApps is recognized as a Leader in Intranets by both Gartner® and Forrester®. Photo: Press contact: press@ View original content to download multimedia: SOURCE LumApps Sign in to access your portfolio
