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LumApps SaaS

Company Profile Analysis

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LumApps SaaS - ICT showcase

Year Founded & Workforce

2012

300 Employees

Industry

ICT

Services

Digital Workplace
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LumApps SaaS Overview

Company Headquarters: France

Founded: 2012

Workforce: ~300

Company Working: LumApps SaaS is a social, mobile, and intelligent intranet that connects and engages all employees in a one location. It enables company communications with a social network and corporate intranet for employees to create digital workplace. LumApps provides access to all enterprise resources in one place, including corporate news, personalised news feeds, work apps, and social networks, and is fully compatible with major collaboration suites such as Google G Suite and Microsoft Office 365. LumApps works with businesses of all sizes and sectors to ensure their success by implementing innovative digital cloud-based solutions. The company has its presence in Europe, North America and Asia region with around 10 locations throughout these regions.

Strategy

LumApps SaaS strategy is based on leveraging its technological capabilities. It follows a cost leadership strategy aimed at offering maximum value to its customers at affordable rates. To increase its sales, the company focuses on partnerships and launches associated with major industry players such as Google and Microsoft. To enhance its corporate network and consumer demand the company has raised funds from different venture capitalists which will help the company to compete strongly in competitive environment.

Company Snapshot

300

Employees

2012

Founded

France

Headquarters

SWOT Analysis

Strengths

  • Unique technology and product offerings
  • Strong partnerships and collaborations

Weaknesses

  • The slowdown in capital expenditure

Opportunities

  • Increasing adoption of cloud solutions
  • Growth in the scope of applications of Hybrid Cloud

Threats

  • Growing market competition

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Key Developments

DateApproachDevelopment
January 2023LaunchLumApps launched a new QR code login functionality that helps frontline and deskless workers get started faster. Managers and team leaders started creating a personalized, time-limited QR Code that provides colleagues with rapid, authorized access to their LumApps account through mobile - without the need to input an email or password.
June 2022AcquisitionLumApps acquired HeyAxel to enhance their employee experiences platforms. LumApps has integrated HeyAxel's no-code HR automation and onboarding abilities and expanded its platform by including intelligent, automated journeys for a number of other common employee phases, such as development and training, event planning, and customized communication campaigns.
June 2021PartnershipLumApps partnered with Microsoft to provide an Office 365 Digital Workplace solution. LumApps offers its services to Microsoft Office 365 users by assisting businesses in improving internal communication and consolidating data and applications in the Digital Workplace.
January 2020Fund RaisingLumApps had announced a USD 70 million Series C investment round from its major investors includes Goldman Sachs, Iris Capital, etc. LumApps raised a total of USD 100M in the previous two years, following a Series A in 2017 and a Series B in 2019.

Product Offering

  • LumApps SaaS
    • Digital Workplace

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