Merger of LumApps and Beekeeper creates $1.1 billion unicorn, revenue expected to double by 2030.

From Yahoo Finance: 2025-07-02 01:02:00

French software provider LumApps and Swiss peer Beekeeper announced a merger creating a new unicorn worth $1.1 billion, backed by British private equity group Bridgepoint. The new firm, headquartered in Lyon, will be led by LumApps CEO Sebastien Ricard and have 600 employees globally. Revenue is expected to double to $300 million by 2030. (Reuters)

Beekeeper CEO Cristian Grossmann mentioned options like an IPO or trade sale in the future, with the U.S. and Europe as core markets. LumApps, known for software used by companies like Airbus and LVMH, aims to replace products like Microsoft’s SharePoint. Beekeeper focuses on frontline staff communication, with clients like Swiss retailer Coop and Heathrow airport. (Reuters)

The merged company plans to introduce a unified platform within six months. LumApps currently generates around $150 million in revenue, expected to double by 2030. LumApps is profitable, while Beekeeper aims to break even this year. The combined group is projected to be profitable from the start. (Reuters)



Read more at Yahoo Finance: Merger of French and Swiss business software firms heralds new unicorn