Gooroo Ventures Limited (ASX: GOO) operates into the business of human resourses technology. The company designs, develops and manages an online hiring platform. Its services provide new meaning to an organisation’s data to support better decision making and value generation. The company does this by applying its unique technology and human thinking science to allow everyone and every organisation to attain their real potential. Gooroo Ventures has clientele throughout the Australian region.
The company today, on 28 March 2019, has updated that it has inked a commercial agreement with the Microsoft Corporation, USA. The deal covers Phase 1 of a global program that could include the future roll out of Gooroo technology to universities, colleges and schools around the world. The scope of Phase 1, which is already happening, involves Microsoft paying the company to test and refine the company’s career planner application with a selection of Microsoft’s local and international partner universities.
Phase 1 is planned to be completed by 30 June 2019. The aim of this phase is to have an agreed approach for commercial release and model for large-scale delivery in place by July 2019. Gooroo’s career solutions technology uses artificial intelligence (AI) and applied neuroscience to understand a student’s skills, passion and mindset preferences to produce personalised career paths and recommendations that help build confidence in taking the next step.
Gooroo Career Solutions is an intelligent platform that can be deployed to help people make a more knowledgeable decision about their choices for personal development, careers, jobs and training. Gooroo data models and algorithms are also obtainable via a suite of APIs that can be used by third parties to build solutions and experiences that leverages Gooroo’s technology. Gooroo career tools can be directly applied to inform how schools, colleges and universities help to equip and prepare their students for the future world of work.
This deal indicates how the company’s unique technology and human thinking science is being applied to address a globally recognised problem that affects millions of students each year. Most students are ambiguous about the career options available to them and where they are most likely to thrive. Both of the parties are working on further details about this program.
On the price-performance front, the stock has posted the YTD return of 22.92%. The company also has posted returns of 26.80% and 31.11% over the past six and three months, respectively. At the time of writing, i.e., on 28th March 2019 AEST 2:52 PM, the stock of the company is trading at a price of A$0.093, up 57.62% during the day’s trade with a market capitalisation of ~A$6.14 million. The stock opened the day at A$0.100, reached an intraday high of A$0.110 and touched an intraday low of A$0.090, with a daily volume of ~8,871,964. It had a 52-week high price of A$0.116 and a 52 weeks low price of A$0.035, with an average volume of more than 132,185.
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