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LiveTiles (ASX:LVT) partners with Linius Technologies (ASX:LNU)

Technology
ASX:LVT      MCAP $6.474M
15 April 2020 12:00 (AEST)
LiveTiles (ASX:LVT) - CEO & Co Founder, Karl Redenbach (left)

Source: Technology Record

Software company LiveTiles (LVT) has signed a commercial agreement with software-as-a-service (SaaS) company Linius Technologies (LNU).

This partnership will see LiveTiles develop a user interface for Linius’ hyper-personalised video service.

LiveTiles’ Intelligent Workplace software will also be incorporated into Linius’ video service.

Once these services have been installed, they will allow users to automatically collect videos with content that was discussed in previous meetings.

With the videos, users will then be able to obtain a brief summary of the meeting, search for a specific topic that was discussed in the meeting, and have the topics summarised in a “user-friendly” way.

This compiled data can then be sent to staff in a personalised video that provides a detailed analysis of what was discussed.

It is hoped that this partnership will increase employee engagement, efficiency and productivity to organisations all across the world.

“We are really excited to be working with Linius on a compelling solution that will completely transform meetings and help drive effective decision-making among employees,” LiveTiles CEO and Co-Founder Karl Redenbach commented.

“A once-in-a-lifetime generational shift to working from home is currently taking place and the partnership could not have come at a more ideal time for both businesses to capture this market demand,” he said.

According to software company Brightcove, 49 per cent of employees find in-house company meetings to be the most valuable use for live-streamed videos.

These videos are likely to save time for the employees and make them more engaged in their work.

“LiveTiles were introduced to us via this relationship [both companies have teamed up with Microsoft] and we are thrilled to work with a company that is both strategically aligned with our vision, and at the forefront of the intelligent workplace,” Linius CEO Chris Richardson said.

“It was clear from the start that there was a strong alignment, and together that we could bring value to the market,” he added.

Those who already use LiveTiles’ platform will be able to add this new offering into their subscription without any disruptions.

Once integrated, LiveTiles and Linius will pursue joint sales and marketing to grow each other’s software offerings.

LiveTiles is up a steady 12.5 per cent and shares are trading for 27 cents each, and Linius is also up 21.4 per cent and shares are trading for 1.7 cents each at 11:14 am AEST.

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