- Limeade (LME) has signed a US$2.3 million (around A$3.02 million) annual subscription contract with the University of Texas System
- Under the three-year agreement, the University of Texas (UT) System will offer Limeade’s wellbeing solution to its employees across 14 campuses
- The tool offers activities and assessments to improve physical, emotional and financial well-being in employees and staff
- Limeade also offers Limeade Engagement, which helps employees reach their goals, and Limeade Inclusion, which encourages employees to be themselves at work
- Shares in Limeade are up 5.19 per cent on the market and are trading at $1.62
Limeade (LME) has signed a US$2.3 million (around A$3.02 million) annual subscription contract with the University of Texas System.
Under the three-year agreement, the University of Texas (UT) System will offer Limeade’s well-being solution to its employees across 14 campuses.
The University of Texas System is one of the United States’ largest systems of higher education with 14 — six health and eight universities — and nearly 240,000 students.
Furthermore it is one of the largest employers in Texas with around 21,000 faculty members and 85,000 healthcare professionals, researchers and support staff.
“The UT System is consistently ranked within the world’s top ten most innovative universities and a leader in higher education within the United States,” CEO Henry Albrecht said.
“We are delighted to close out 2020 with this important contract, which will result in the UT System becoming one of our top five enterprise customers,” he added.
Limeade offers wellbeing, engagement, social recognition and communication services that help employees connect to each other.
Its wellbeing solution offers a science-backed library of activities and assessments to improve physical, emotional and financial well-being in employees and staff.
It can be personalised to each employee based on their interests and improvement areas.
Limeade’s solutions also include Limeade Engagement which helps employees reach their goals and Limeade Inclusion which encourages employees to be themselves at work.
There is also the Limeade ONE platform, which brings all of these solutions together in a mobile offering.
Limeade is up 5.19 per cent on the market and shares are trading at $1.62 at 3:14 pm AEDT.