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LiveHire (ASX:LVH) signs strategic partnership with TAPFIN

ASX News, Technology
ASX:LVH      MCAP $12.42M
24 June 2022 13:50 (AEDT)

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Talent acquisition and engagement platform LiveHire (LVH) has signed a strategic partnership with ManpowerGroup Talent Solutions’ TAPFIN division.

TAPFIN is a division of NYSE-listed ManpowerGroup and provides managed service solutions to global enterprise and super enterprise clients.

It offers solutions to better manage the sourcing, quality, costs and risks associated with the workforce to optimise total talent management.

It is one of the four largest managed service providers (MSPs) globally and manages more than US$20 billion (A$28.9 billion) in spending across 103 countries.

Under the agreement, LiveHire will offer its direct sourcing technology to TAPFIN’s North American clients with the possibility to add countries across Europe, the UK and the Asia Pacific.

“We’re thrilled to have completed a competitive process conducted by TAPFIN, and to work with the TAPFIN team to bring our joint direct sourcing solution to TAPFIN’s clients,” LiveHire CEO Christy Forest said.

As TAPFIN is yet to sign the first client, LiveHire is unable to quantify the size of the agreement. However, the board believes this is a significant milestone for the company.

Shares in LiveHire were up 33.33 per cent on the market with shares trading at 36 cents at 12:02 pm AEST.

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