The French software company Lumapps will join in with the official in the Swiss counterpart in a deal that will create a new company with over 1 billion USD.
Lumapps, which is an “intranet -super -app”, offers a platform with which employees can manage internal communication and staff apps in large companies.
In the meantime, Beekeeper offers a mobile platform that helps companies deal with their front line about tools such as messaging, shift planning and workflow automation.
Together, the two companies plan to create an “employee hub” that covers a wide range of jobrolles, from doctors and truck drivers to customer service employees.
As soon as the company has been merged, the company will serve over 7 million users, generate $ 150 million for recurring income and employ over 600 employees, the companies said in a joint press release.
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“Together, Lumapps and beekeepers will support all employees all over this new age of work.” Sébastien said Ricard, CEO and co -founder of Lumapps.
The headquarters of the new company is located in Lumapps' current basis in Lyon, France. Ricard will lead the business.
The deal should be completed this month. British Private Equity Group BridgePoint – the largest existing shareholder of Lumapps – will retain the majority stake in the merged unit.
If the deal continues, the latest Unicorn company is born in Europe. Other companies that have reached an assessment of USD 1 billion this year Quantum systemsSwedish bioscanning company Hakowa hair and no-code app lovable.
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