Intelligent workplace cloud software provider, LiveTiles Limited (ASX: LVT) comprises of a global team, which is passionate about transformative enterprise solutions & intelligent design, aiming to reform the method people use to interact with technology.
The company provides access to tools that enable developers and business users to create corporate intranets, dashboards, and employee portals. All these intelligent workplace solutions can be further enhanced by AI and analytics features
LVT, which is headquartered in New York City, operates in various geographies like North America, Europe and Australia. Its intelligent workplace cloud software is catered to a diverse range of sectors including government, commercial and education.
The company’s product sales started in February 2015. LVT reported annual recurring revenue (ARR) of $40.1 million by June 2019 with ARR reaching $52.7 million by 31 December 2019.
Let’s zoom our lens on LVT’s growth history to know how the company achieved its position in the market.
How LVT came into existence?
LVT was earlier known as Modun Resources Ltd (ASX: MOU), a mineral exploration and evaluation company that started its journey in August 1994 and got listed on ASX in August 1999. At that time, the company wholly owned the Nuurst Thermal Coal Project in Mongolia; however, in November 2014, the company announced a highly conditional agreement to sell the project.
In April 2015, the company executed a binding conditional share sale agreement to acquire LiveTiles Holdings Pty Ltd, changing its activities from a mineral resource exploration company to an IT company.
The company’s name was changed to LiveTiles Limited following the completion of the acquisition and re-listing on ASX in 2015.
LiveTiles’ Value Proposition
Business software is generally cumbersome, tough to use and costly to reconfigure; however, LVT’s software is capable of addressing all these problems with below mentioned benefits:
- Higher user adoption.
- Easy to apply & configure.
- Rapid deployment.
- Seamless integration with other business applications & internal.
- External content.
Business Plan Post LVT Acquisition Completion
The main objective of the company, post the acquisition, was to:
- Pursue the sales and marketing strategy of LiveTiles while focusing on boosting penetration with existing customer base and adding new clients.
- Growth of direct sales and partner sales team in the short term.
- Funding LVT’s product development and other potential products, services & investments or other 3rd party ventures as decided by the Directors from time to time.
- Meet the ongoing costs of the company & its subsidiaries.
LVT Achievements after Re-Listing
To know more about some of the developments listed above, please read
LiveTiles Partners with Canva to Accelerate Global Growth
On 10 February 2020, LiveTiles announced to have collaborated with Canva, under which LiveTiles will integrate the latter’s design platform into its core platform, enabling LVT users to rapidly build graphic design elements within the Intelligent Workplace, irrespective of any previous design experience.
Canva is a global player empowering people with the creation of visuals that are compelling and data rich. As part of this partnership, two fast-growing Australian SaaS companies will come together and focus on empowering people within the workplace.
Initially, Canva would be integrated into LVT’s intelligent intranet products along with the products of CYCL Condense Communications (recently acquired by LVT). This integration is expected to enable the company’s end users to get access to the best-of-breed & easy-to-use graphic design tools, in addition to library of designs, of Canva. Moreover, to available these, the end users would not be required to leave the LVT platform.
It is rightly said that Rome was not built in a day. An example that justifies the statement is LiveTiles, a rapidly growing enterprise SaaS company targeting to achieve $100 million of ARR by June 2021.
The LVT stock has delivered a YTD return of 24.14%, while the last one-month return was noted at 35.85%. On 11 February 2020 (AEDT 02:43 PM), the stock was trading at $0.367, up by 1.944% from its previous close. The market cap on this date was noted at $309.75 million with ~ 860.42 million outstanding shares.
This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.