One of my favourite areas of the market to invest in is the tech sector. One key reason that I'm a big fan of tech companies is their ability to scale and expand into other geographies with relative ease.
A prime example of this is would be Afterpay Touch Group Ltd (ASX: APT). After conquering the Australian market the company recently advised that it is looking into expanding into other markets and the U.S. market in particular.
Considering the size of that market, it has the potential to be a game-changer for Afterpay Touch if it can replicate its Australian success.
With that in mind, here are three small-cap tech shares with their eyes fixed on global success:
LiveHire Ltd (ASX: LVH)
This talent technology company's recruitment platform allows its users to create a pool of pre-qualified job candidates that can be accessed when they need to recruit, saving recruiters both time and money. Although its cash receipts have been growing at a rapid pace, they may need to accelerate even further in FY 2018 in order to justify its lofty market capitalisation. Management does, however, estimate that its addressable market is worth $20 billion per annum.
Livetiles Ltd (ASX: LVT)
Up until recently LiveTiles was known as a fast-growing digital workplace platform provider. But thanks to its LiveTiles Bots technology, it is quickly gaining a reputation as an emerging force in the artificial intelligence market. The company has recently signed deals with tech giant Microsoft and Clean Energy Smart Manufacturing Innovation Institute (CESMII). If these agreements are a success then it could be on its way to achieving its goal of being a leader in the industry.
Yojee Ltd (ASX: YOJ)
In December this technology company announced that last mile deliveries on its Singapore logistics network grew 150% over the preceding month, to achieve an almost 700% increase over a six-month period. Despite the strong growth the company was able to maintain its service levels to a market-leading standard. I think the global logistics industry is ripe for disruption and Yojee is one of two ASX shares capable of achieving this.
