LoopUp Launches New Video Calling And Operator-Assisted Call Products

LONDON (Alliance News) - LoopUp Group PLC said Thursday it is launching two new products, LoopUp ...

Alliance News 6 June, 2019 | 11:57AM
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LONDON (Alliance News) - LoopUp Group PLC said Thursday it is launching two new products, LoopUp Video and Event by LoopUp.

LoopUp is a software-as-a-service company with a focus on conference calls and other remote meetings. LoopUp Video will add video functionality to the company's offering, although the focus will still be on audio.

LoopUp Video will allow whoever is hosting a remote meeting to decide whether to add video and only then will it give guests to the option to turn on cameras.

The company chose not to take a video-first approach, saying: "it is not suitable for LoopUp's mainstream majority target market who are still dialling into calls".

The other product launch is Event by LoopUp, an operator-assisted call service. The offering springs out of LoopUp's MeetingZone acquisition in June, which gave it the capability to provide operator-assisted calls.

MeetingZone's current event operations in Cardiff, Wales, will be moved to Boston, US, to promote and grow this operator-assisted business line "via cross-sales through its international account management and pods structure".

Shares in LoopUp were down 0.8% at 315.00 pence on Thursday.

By Anna Farley; annafarley@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
LoopUp Group PLC 162.00 GBX -5.81 -

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