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Business booming at LoopUp

The Covid-19 pandemic and move to homeworking is driving a boom in business at the London-based premium remote conference meetings company
Business booming at LoopUp

Business is booming at LoopUp (LOOP:245p), a London-based premium remote conference meetings company.

As millions of firms move to remote working, LoopUp’s information secure, reliable and easy-to-use remote conferencing technology is enjoying strong demand from customers in key professional service verticals where data privacy and security is paramount (law, accountancy, investment banking, corporate finance, private equity, asset management, insurance, PR and marketing).

The client base includes more than 20 per cent of both the AmLaw Global 100 firms and the world’s top-100 private equity firms. It’s growing strongly, too. The professional services segment increased call volume by 90 per cent to 335m minutes in the first half and its revenue contribution shot up by 81 per cent to £16.1m, outpacing the 43 per cent growth in LoopUp’s overall revenues to £31.9m. This growth has sent profits and cash flow soaring.

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