"Together, LumApps and Beekeeper will support all employees, everywhere, in this new age of work, said Sébastien Ricard, CEO and co-founder of LumApps."
"Once merged, the company will serve over 7 million users, generate $150mn in recurring revenue, and employ over 600 people."
"The combined firms plan to create an "employee hub" covering a broad spectrum of job roles, from doctors and truck drivers to customer service agents."
"If the deal goes ahead, it will birth Europe's latest unicorn company, with a valuation over $1bn."
French software firm LumApps is merging with Swiss firm Beekeeper, forming a new entity valued at over $1 billion. LumApps offers an intranet super app for managing internal communications, while Beekeeper provides a mobile platform for engaging frontline workers. The merger aims to create an employee hub for a diverse range of job roles, including doctors and customer service agents. Together, the companies will serve over 7 million users and generate $150 million in recurring revenue with over 600 employees. Sebastien Ricard will lead the merged company based in Lyon, France.
Read at TNW | Ecosystems
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