- Digital workplace software company LiveTiles (LVT) to buy a leading employee experience (EX) operator The Human Link for $1 million
- The company will acquire The Human Link for $500,000 cash and $500,000 worth of LVT shares
- The purchase will help speed up the strategic goals of LiveTiles to become recognised as the world leader in EX, according to the company
- Under the agreement, The Human Link will be incentivised to sell LiveTiles technology products as part of its EX program offerings
- On the market, LiveTiles are up 4.76 per cent and trading at 11 cents per share
LiveTiles (LVT) has agreed to buy a leading employee experience (EX) company The Human Link for $1 million.
The Human Link works with many of Australia’s largest blue-chip organisations and is a leading provider of EX programs. The business is fast growing, with over 60 customers and $2.1 million in revenues.
The purchase will help speed up the strategic goals of LiveTiles to become recognised as the world leader in EX, according to the company.
LiveTiles will buy The Human Link for $500,000 cash and $500,000 worth of LVT shares.
Under the agreement, The Human Link will be incentivised to sell LiveTiles technology products as part of their EX program offerings. The Human Link’s customers provide a great opportunity for new business and existing account growth through cross-sell and up-sell efforts.
“We are very excited to welcome The Human Link team into LiveTiles. We have worked closely in partnership with the founders for over a year now, and they share the same passion and desire to create the world’s leading EX company to make a real difference to the lives of people within the workplace,” LiveTiles co-founder and CEO Karl Redenbach said.
“The Human Link team also provide an amazing opportunity to open up doors to enterprise companies through their unique approach to customer engagement, which in turn will drive strong employee experience software pipeline.”
On the market, LiveTiles was up 4.76 per cent and trading at 11 cents per share at 10:23am AEDT.