The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLOOP.L Share News (LOOP)

  • There is currently no data for LOOP

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

LoopUp launches new virtual meeting room product

Wed, 21st Oct 2020 10:20

(Sharecast News) - Cloud communications provider LoopUp Group announced the launch of LoopUp Rooms on Wednesday, which it said would combine its premium remote meeting solution with off-the-shelf hardware, creating "plug-and-play" video conferencing suites.
The AIM-traded firm explained that, as businesses saw an increase in remote and hybrid working, demand was growing for collaborative spaces that allowed employees to communicate "securely and productively" with clients and colleagues.

It said that, until recently, video suites had often been expensive to install, complex to use and inaccessible to many employees.

By contrast, it described LoopUp Rooms as a plug-and-play solution that could be set up in minutes and used off-the-shelf hardware, being a display screen, a "high-quality" camera, a mini-PC, a touch-screen controller and a conference room phone.

Users would join meetings with one touch from a touch-screen controller, which then used the high quality video and display of the room's screen and camera, and managed quality-of-service audio of the room's speaker phone.

Users could reserve the meeting room directly from Microsoft Outlook, which added their LoopUp meeting details to the calendar on the room's touch-screen controller.

"With remote and distributed working now the new normal for many, a growing number of meetings are taking place by video conference," said co-chief executive officers Steve Flavell and Michael Hughes in a joint statement.

"Businesses need more meeting rooms equipped with technology for employees to collaborate effectively and comfortably with clients and colleagues.

"We're facilitating this by making premium video conferencing suites more cost competitive, accessible and intuitive for users without having to call upon IT for assistance."

At 1016 BST, shares in LoopUp Group were down 0.44% at 226.5p.
More News
18 Jan 2019 07:53

LoopUp signs three-year contract renewal with Clifford Chance

(Sharecast News) - Remote meetings technology provider LoopUp Group has signed a material contract renewal with global law firm Clifford Chance, it announced on Friday.

Read more
26 Oct 2018 11:26

DIRECTOR DEALINGS: LoopUp Chairman Buys GBP30,000 In Shares

LONDON (Alliance News) - LoopUp Group PLC said Friday Non-Executive Chairman Barbara Judge bought 9,000 shares in the remote meeting solution firm.Judge acquired the shares at 330.5 pence a

Read more
26 Sep 2018 11:37

LoopUp Acquisitions Boost Interim Revenue Though Loss Widens

LONDON (Alliance News) - LoopUp Group PLC on Wednesday said it swung to a loss in the first half of 2018, but revenue rose on acquisitions and increased demand for its products.The remote a

Read more
26 Sep 2018 08:19

Loopup's revenues dialed up after MeetingZone acquisition

(Sharecast News) - LoopUp Group reported a jump in first-half revenue on Wednesday after the company scaled up its operations with the £61.4m acquisition of MeetingZone.

Read more
14 Aug 2018 12:17

LoopUp Expects Revenue Growth And Higher Cost Savings In First-Half

LONDON (Alliance News) - LoopUp Group PLC on Tuesday lifted its annual savings expectations and said it intends to report an increase in revenue for the first half of 2018, helped by its recent of

Read more
14 Aug 2018 09:41

LoopUp revenues boosted by MeetingZone acquisition

(Sharecast News) - Remote meetings company LoopUp saw group revenues rise more than a third in the first half of its trading year, boosted by the group's recent acquisition of MeetingZone.

Read more
16 May 2018 14:08

LoopUp To Raise GBP50.0 Million Via Placing To Buy MeetingZone (ALLISS)

LONDON (Alliance News) - LoopUp Group PLC said on Wednesday it will raise GBP50.0 million through a share issue to fund its GBP61.4 million acquisition of Warwick Holdco Ltd, the holding company a

Read more
6 Mar 2018 10:43

LoopUp Swings To Profit Driven By Strong Growth In Revenue And Margins

LONDON (Alliance News) - LoopUp Group PLC on Tuesday reported robust performance during 2017 as swung to pretax profit of GBP729,000 compared with loss in call

Read more
18 Jan 2017 08:41

LoopUp's revenue jumps nearly 40%

(ShareCast News) - Shares rose in LoopUp Group as the remote meetings company profit announced it has traded ahead of expectations as revenue jumped 39%. Revenue grew 39% to £12.8m in the year ended 31 December 2016, which was up three percentage points from the previous year, and the company remain

Read more
18 Jan 2017 08:41

LoopUp's 2016 Results Beat Its Expectations, 2017 Looking Strong

Read more
30 Sep 2016 11:35

DIRECTOR DEALINGS: Chairman Buys Shares As LoopUp Swings To Profit

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.