REG - LoopUp Group PLC - Cloud Telephony contract wins

LoopupAnnouncement

16/11/2021 07:05

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RNS Number : 4520S  LoopUp Group PLC  16 November 2021

16 November 2021

LOOPUP GROUP PLC

("LoopUp" or the "Group")

 

Cloud Telephony contract wins

 

LoopUp Group plc (AIM: LOOP), the cloud platform for premium specialist
communications, is pleased to announce eight additional direct customer
contract wins in its Cloud Telephony business unit.

 

In Q3 2020, the Group announced the launch of its internationally
differentiated Cloud Telephony solution, integrated into Microsoft Teams via
'Direct Routing' peering with Microsoft. This global capability enables
customers to make phone calls to external phone numbers and receive phone
calls to their own work phone numbers, all directly from their Microsoft Teams
user interfaces.

 

The Group has now extended its number of new direct contract wins to 23 during
2021, an additional eight since our last update. These wins represent, in
aggregate, total contract value ranging from a baseline minimum of £2.1
million for initially committed and contracted deployment phases (a 24%
increase since our last update) to an expected c.£7.9 million should
geographic rollouts proceed as expected (a 55% increase since our last
update).

 

The geographic rollouts involved in most of these contract wins reflects
LoopUp's target market for its Cloud Telephony solution: relatively large,
relatively international enterprises. To date, all customer deployments have
been successful, and all rollouts are progressing positively.

 

The Group's sales pipeline of direct Cloud Telephony opportunities has also
continued to grow and mature. The total pipeline now stands at £63 million of
potential Annual Contract Value (ACV), of which approximately 20% is at later
stages of the sales cycle (written proposal or later).

 

The Group's new Cloud Telephony contract wins and pipeline growth reflect its
differentiated value proposition to relatively large, relatively international
enterprises, enabling them to work with one vendor partner globally rather
than multiple geographic-specific carriers. Specifically, this differentiation
includes:

 

·    Market-leading geographic coverage - regulated and compliant platform
service provision in approximately 80 countries by H1 2022, and platform
integrations with 19 carefully selected tier-1 carrier partners for highest
quality voice routing;

·    Deep, multilingual Microsoft voice expertise - recently awarded the
'Calling for Microsoft Teams Advanced Specialization' by Microsoft, which
represents the highest competency tier (above Microsoft's gold level) for
customer solution configuration and implementation;

·    Global Administration Portal - a customer software portal for
enterprise customers, enabling visibility and management of phone numbers,
users and usage/spend analysis on a global level; and

·    'PerfectBundleTM' pricing -enables multinational customers to pool
their committed spend across their international billing entities.

 

 

For further information, please contact:

 

 LoopUp Group plc                                    via FTI
 Steve Flavell, co-CEO

 Panmure Gordon (UK) Limited                         +44 (0) 20 7886 2500
 Dominic Morley / Alina Vaskina (Corporate Finance)
 Erik Anderson (Corporate Broking)

 FTI Consulting, LLP                                 +44 (0) 20 3727 1000
 Matt Dixon / Jamille Smith / Tom Blundell

 

 

About LoopUp Group plc

 

LoopUp (LSE AIM: LOOP) is a cloud platform for premium specialist
communications, focusing on capabilities that complement foundational unified
communications platforms, such as Microsoft Teams. The Group's flagship Cloud
Telephony solution for Microsoft Teams enables enterprise customers to
eliminate disparate on-premises phone systems and multiple telecommunications
service providers, and consolidate their global telecommunications into a
single cloud implementation. LoopUp's global IP backbone interconnects with 18
carefully selected regional carrier partners and the Group has market-leading
coverage as a licensed telecommunications service provider. The Group is
listed on the AIM market of the London Stock Exchange (LOOP) and is
headquartered in London, with offices in the US, Spain, Germany, Hong Kong,
Barbados and Australia. For further information, please visit: www.loopup.com
(http://www.loopup.com) .

 

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