Bridgepoint, an investment company, agreed to acquire a majority stake in LumApps, a cloud-based social intranet for enterprises, for $650m. "This strategic partnership with Bridgepoint represents a logical and significant step in LumApps' growth trajectory, following our successful Series A, B and C rounds and achieving profitable growth. As we enter this next phase, we are poised to accelerate our growth and innovation across key areas of our business. This includes advancing our leadership in packaged intranet solutions and expanding into the broader employee experience market with AI-powered tools to build the only solution centralising Communications, Collaboration and Learning in the same place. With Bridgepoint as a partner, we are well-equipped to continue to invest in this innovation and shape the future of workplace engagement and collaboration," Sébastien Ricard, LumApps CEO.