Lumi bought out by Vespa Capital

Vespa Capital has backed the management buyout of Lumi AGM, which completed on 4 April 2017.

Lumi website
Lumi website

Lumi provides software and real-time audience engagement technology which assists registrars or event organisers to register delegates, provide live, secure polling, Q&A management services and relevant reporting.

Commenting on the buy out, Nigel Hammond, partner, Vespa Capital said: "Lumi is a remarkable business with market leading positions across the world. The base of its activity is a steady stream of recurring revenues whilst the considerable investment that has been made in the software that enables the delivery of virtual AGMs provides a very attractive growth opportunity.

"Virtual AGMs are increasingly inevitable and the greater engagement with shareholders and efficiency that virtual AGMs enable will drive market penetration. The business is ably led by Richard Taylor who together with his first class team have a clear plan for developing the business on a standalone basis."

Richard Taylor, CEO, Lumi Technologies Ltd, added: "Vespa Capital very quickly understood the growth opportunities in front of Lumi and were willing to move very fast as a result. They had a clear empathy for the realities of a business of our size and stage and worked together with us to put together a deal which worked for all parties. Most important of all to Lumi was that Vespa Capital worked with a high degree of transparency and integrity throughout."

See more:

Black Flower Agency acquires In House ideas

Gray Dawes acquires TMG

Sternberg Clarke acquires Trevor George

 

• For more breaking news and in-depth features, sign up to C&IT Magazine's daily Newstracker here

 


Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
Helicopters over Hawai'i - the best venues, hotels and activities

Helicopters over Hawai'i - the best venues, hotels and activities

A six-day account of aerial adventures across Kaua'i, O'ahu and Hawai'i in A Diary of a Delegate.

TRO appoints two experiential specialists

TRO appoints two experiential specialists

Agency welcomes Sulmaan Ahmad as head of strategy and Simon Patel as creative director.

'Push the boundaries - if someone says something can't be done, I'll find a solution'

'Push the boundaries - if someone says something can't be done, I'll find a solution'

A-List 2019: Matt Culverhouse, chief executive of TEN6 Creative.

In pictures: IMEX 2019

In pictures: IMEX 2019

The annual industry gathering took place from 21-23 May at Messe Frankfurt in Germany.

TEN6 Creative brings in new client services director

TEN6 Creative brings in new client services director

Oliver Morgan joins agency after 10 years with Gold Key Media and will be 'instrumental' to continued growth.

'To hear Michelle Obama say we'd done a great job and get a hug was incredible'

'To hear Michelle Obama say we'd done a great job and get a hug was incredible'

A-List 2019: Kylie Davies, account director & general manager, emc3.

Behind the glitz at award ceremonies

Behind the glitz at award ceremonies

UKSV's Neil Coombes takes us through the planning and setup process for the AA Hospitality Awards

First New York location for etc.venues

First New York location for etc.venues

Venue specialist also adds Chancery Lane location to its London portfolio, with both to open later this year.

Case study: Lenovo Connect

Case study: Lenovo Connect

The technology giant's two-day event for 450 guests took place in London, organised by Jack Morton Worldwide.

Two new recruits for Sleek Events

Two new recruits for Sleek Events

Agency also plans fundraising sports day this summer for its new charity partner Meeting Needs.

LATEST JOBS