French software program agency LumApps is about to merge with Swiss counterpart Beekeeper in a deal that may create a brand new enterprise valued at over $1bn.
LumApps, which calls itself an “intranet tremendous app,” presents a platform that helps employees at massive companies handle inside communications and workforce apps.
In the meantime, Beekeeper offers a cell platform that helps firms interact with their frontline employees by way of instruments similar to messaging, shift scheduling, and workflow automation.
Mixed, the 2 companies plan to create an “worker hub” protecting a broad spectrum of job roles, from docs and truck drivers to customer support brokers.
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As soon as merged, the corporate will serve over 7 million customers, generate $150mn in recurring income, and make use of over 600 folks, the companies stated in a joint press launch.
“Collectively, LumApps and Beekeeper will help all workers, in all places, on this new age of labor,” stated Sébastien Ricard, CEO and co-founder of LumApps.
The brand new agency’s headquarters might be situated at LumApps’ present base in Lyon, France. Ricard will lead the enterprise.
The deal is because of be finalised this month. British non-public fairness group Bridgepoint — LumApps’ largest present shareholder — will retain majority possession within the merged entity.
If the deal goes forward, it should beginning Europe’s newest unicorn firm. Different companies that reached a $1bn valuation this 12 months embody German drone maker Quantum Programs, Swedish bioscanning firm Neko Well being and no-code app Lovable.
