Type Public ISIN PLLVTSF00010 Number of locations 2 offices (2011) Founded 2002 Number of employees 65 | Traded as WSE: LVC Industry Software Area served Worldwide Headquarters Poland | |
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Stock price LVC (WSE) PLN 52.59 -0.71 (-1.33%)22 Mar, 5:00 PM GMT+1 - Disclaimer Motto The fastest way to help your customers Profiles | ||
LiveChat Software (WSE:LVC) is a customer service software company and developer of LiveChat - software as a service-based help desk software and online chat software for ecommerce sales, customer support and lead generation.
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The company has offices in Wrocław, Poland and Boston, Massachusetts, United States. It serves more than 16,000 paid customers in over 140 countries, including Adobe, AirAsia, Better Business Bureau, ING, Linens 'n Things and Orange.
History
Founded in 2002 as Livechat Sp. z o.o. (LLC) in Wrocław, Poland, since October 2007 runs as a stock company.
In October 2006 50% of company stock was bought by Capital Partners S.A., investment and consultancy firm publicly listed at Warsaw Stock Exchange. In February 2008 Capital Partners S.A. decided to follow its strategy of having fewer companies but larger individual transactions and sold its entire stake along with another 13% of company stock to another publicly listed company, Gadu-Gadu S.A.. This way LiveChat Software became another Polish company in Naspers capital group, joining Gadu-Gadu and Allegro.pl.
In January 2011 the management team looking to get back a controlling equity stake in the company started the management buyout process. After Naspers agreed in June 2011 to sell its entire stake, the founders teamed up with private equity firm Tar Heel Capital to finalize the buyout of the 60% stake. After transaction was completed in September 2011, the founders own 60% of the stake, while Tar Heel Capital owns 40% of the company.
LiveChat Software has been introduced to the Warsaw Stock Exchange in April 2014 with the symbol LVC.
Products
LiveChat is currently the only product offered by the company. It is a live support software and help desk software used by companies to provide real-time communication with customers using different communication channels: online chat on the website and inside mobile applications, email and social media (such as Facebook Messenger and Twitter).
LiveChat Software owns the technology it uses in the product, however in areas unrelated directly to chat, the company relies on 3rd party services. Technology partners include: Elastic for search and analytics engine, Postmark for delivery of transactional emails, Recurly for subscription billing and Pingdom for performance monitoring and uptime tracking.
On the software market, company cooperates with such companies as Microsoft, MySQL AB, Intel or Red Hat.
Products offered in the past, but currently discontinued are: GG Pro, which was a corporate instant messenger) and Chat Server, which was a chat software for moderated chat rooms. Besides developing and selling communication solutions, in 2004-2010 LiveChat Software was also the owner of one of the first Polish online chat portals - POLChat.
Awards
In October 2007 LiveChat (formerly LIVECHAT Contact Center) was listed among top Customer Support and Feedback applications in Inside CRM report recommended by Guy Kawasaki.
In 2011 Deloitte listed LiveChat Software as one of the fastest growing Central European technology companies in Deloitte Technology Fast 50 program - the company was selected for the 2011 award based on its 545% revenue growth over the previous five years (2005–2010). In 2012 the company was listed 18th in the same ranking, based on its 830% revenue growth.
In 2013 the company has been listed by Red Herring in the group of the most innovative companies from across Europe. It has also been recognized by Deloitte in its annual Technology Fast 50 program and listed 18th with 624% revenue growth.
In 2015, during the Private Equity Forum & Awards Gala organized by the Executive Club with the support of Polish Private Equity & Venture Capital Association, LiveChat Software has been awarded “Private Equity Diamonds in the category Portfolio company (small cap). Later that year, LiveChat Software was shortlisted for the European Small and Mid-Cap Awards organised by EuropeanIssuers, FESE and the European Commission. One of three companies entered for the awards by Warsaw Stock Exchange, LiveChat was among the only CEE companies to be shortlisted.