Why this small cap tech share jumped higher today

The LiveTiles Ltd (ASX: LVT) share price is on course to have a strong finish to the week.

In morning trade the software company’s shares jumped 6.5% higher to 42 cents.

Why are LiveTiles shares jumping higher today?

This morning LiveTiles announced that it has strategically partnered with Victory Tech Services to jointly pursue opportunities with the United States Department of Defense.

Victory Tech Services is a leading IT services provider to U.S. government departments and is currently delivering a range of SharePoint projects across multiple agencies.

According to the release, the partnership formalises a longstanding relationship between the two parties which share mutual government customers such as the U.S. Marines and U.S. State Department.

Management believes this is a significant opportunity for the company, advising that the U.S. Government applications market is expected to reach US$10.6 billion by 2021.

As tech giant Microsoft is the top vendor in the market and LiveTiles has a strong strategic alignment and ongoing joint marketing initiatives with it, management believes it is well positioned to benefit from the sector growth.

Victory Tech Services is now seeking the necessary approvals and credentials to receive U.S. General Services Administration Schedule 70 IT Contract approval for LiveTiles’ entire product suite. If this is granted it will enable business to be conducted more efficiently with the U.S. Government in the future.

Should you invest?

While I’m not ready to invest in LiveTiles, if I were, I wouldn’t necessarily invest on the back of this news.

It may be a positive development, but I’d suggest investors wait to see how the partnership impacts its financial performance before parting with any money.

In the meantime, I think investors would be better off focusing on tech shares such as Citadel Group Ltd (ASX: CGL) and ELMO Software Ltd (ASX: ELO).

Or there's this major new tech investment opportunity which has everybody talking.

Tech Billionaire’s Prediction Will Shock You

When a veritable investing and entrepreneurial genius speaks, it pays to listen.

In fact, he's now preparing a $100B "war chest" to invest entirely in this "terrifying" new technology, which could spell huge profits for investors.

Click here to learn about this technology and how you can profit!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended ELMOSFTWRE FPO. The Motley Fool Australia owns shares of Citadel Group Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…


The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!