Revenue was in line with market expectations, the technology firm added.
The acquisition of MeetingZone in May has proved transformational for the group and the group is well on the way to migrating the MeetingZone audio conferencing business over to the LoopUp platform; expectations are that the migration will be completed by the summer of this year.
The group said it continues to see strong demand for the LoopUp product. Landmark accounts won in the second half of the year include Australia's largest law firm; a US-headquartered medical non-profit organisation operating in 43 countries; and a leading global brokerage company with joint headquarters in London and New York."
He added: “We've also been investing in growing the team to accelerate our expansion into new geographic markets, and we're very excited to have opened new offices in Chicago, Dallas, Los Angeles, Atlanta and Madrid this month,” declared Steve Flavell and Michael Hughes, the co-chief executives of LoopUp Group.
“Looking ahead into 2019, we continue to see strong demand for the LoopUp product and remain confident in our ability to deliver future growth,” they added.