LoopUp Group PLC Contract Renewal with Clifford Chance (4440N)
January 18 2019 - 2:00AM
UK Regulatory
TIDMLOOP
RNS Number : 4440N
LoopUp Group PLC
18 January 2019
18 January 2019
LOOPUP GROUP PLC
("LoopUp Group" or the "Group")
Contract Renewal with Clifford Chance
LoopUp Group plc (LSE AIM: LOOP), the premium remote meetings
company, is pleased to announce that it has signed a material
contract renewal with leading global law firm, Clifford Chance.
The minimum total contract value of GBP2.34 million in aggregate
over the 3-year term is for the provision of conference calls
across Clifford Chance's global operations, spanning 32 major
financial centres in the Americas, Asia Pacific, Europe, the Middle
East and Africa.
The LoopUp product is typically offered on a pay-as-you-go, per
minute per guest basis. However, this renewal with Clifford Chance
on a guaranteed minimum spend basis is a mark of their commitment
to the Group's differentiated product over the long-term.
Paul Greenwood, CIO of Clifford Chance, commented:
"Within our Innovation and Best Delivery strategy, we consider
how investing in smart technology and applying our extensive legal
expertise can improve value and outcomes for clients, making our
service delivery more effective, every time. Technology can tackle
complex challenges, but it can also be extremely powerful by making
simple improvements to important tasks undertaken regularly.
Conference calling from LoopUp is a great example of this: benefits
such as seeing who is on the conference call or and being able to
screen share easily offer significant improvement to the client
experience. Our people have really taken to LoopUp, and we're
pleased to demonstrate our commitment to the company and product
with this major renewal."
Steve Flavell, co-CEO of LoopUp Group, commented:
"We're delighted to extend our relationship with Clifford
Chance. Conference calls form a critical component of the firm's
important day-to-day interactions with their clients. The quality
of these calls - both from a user experience and audio quality
perspective - is paramount, and we're delighted to receive this
endorsement in our product and customer service from such a leading
global firm."
The Group will announce a trading update for the financial year
ended 31 December 2018 on 12 February 2019.
The information in this announcement is inside information for
the purposes of Article 7 of the Market Abuse Regulation
596/2014.
For further information, please contact:
LoopUp Group plc via FTI
Steve Flavell, co-CEO
+44 (0) 20 7886
Panmure Gordon (UK) Limited 2500
Dominic Morley / Alina Vaskina (Corporate
Finance)
Erik Anderson (Corporate Broking)
+44 (0) 20 7260
Numis Securities Limited 1000
Simon Willis / Jonny Abbott (Corporate Finance)
Tom Ballard (Corporate Broking)
+44 (0) 20 3727
FTI Consulting, LLP 1000
Matt Dixon / Harry Staight
About Clifford Chance
Clifford Chance is one of the world's pre-eminent law firms with
significant depth and range of resources across five continents. As
a single, fully integrated global partnership, we pride ourselves
on our approachable, collegial and team-based way of working. We
always strive to exceed the expectations of our clients, which
include corporates from all commercial and industrial sectors,
governments, regulators, trade bodies and not-for-profit
organisations. We provide them with the highest-quality advice and
legal insight, which combines the firm's global standards with
in-depth local expertise.
For more information, please see www.cliffordchance.com and
www.linkedin.com/company/clifford-chance-llp.
About LoopUp Group plc
LoopUp (LSE AIM: LOOP) is a premium remote meetings solution.
Streamlined and intuitive, LoopUp is built to give mainstream
business professionals a better and more productive experience than
basic dial-in conferencing, while delivering the quality, security
and reliability required in the enterprise. One-click screen
sharing and integration with tools business people use every day,
like Outlook(TM), make it easy for LoopUp users to collaborate in
real time. LoopUp's award-winning SaaS solution doesn't overwhelm
users with features and doesn't require training. Over 2,000
enterprises worldwide, including Travelex, Kia Motors America,
Planet Hollywood, National Geographic and Clifford Chance trust
LoopUp with their remote meetings.
The Group is headquartered in London, with offices in San
Francisco, New York, Boston, Denver, Cardiff, Berlin, Malmo, Hong
Kong, Sydney and Barbados, and is listed on the AIM market of the
London Stock Exchange (LOOP). For further information, please
visit: www.loopup.com.
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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