The Livehire Ltd (ASX: LVH) share price is 7% higher to 39.5 cents today after the "human capital performance platform" announced it has partnered with Rizing Holdings to provide its talent management platform to Rizing's clients.
Rizing will also earn commissions when one of its clients signs up to pay for Livehire's platform.
Rizing is reportedly the second-largest SAP SuccessFactors client in the world and "serving 40% of SAP SuccessFactors 6,700+ customers globally". Somewhat confusingly, this suggests Rizing has 40% of 6,700 clients to target in pushing the Livehire platform.
"We are extremely pleased to partner with Rizing who will promote the LiveHire Talent Community Platform, helping increase our reputation in the Asia Pacific and US markets. Significantly, through this partnership with Rizing, we are now working with one of the world's largest implementors of SAP SuccessFactors. We are executing our Channel Partner strategy to scale with efficiency through partnerships with global leaders like Rizing," commented the Livehire CEO Christy Forest.
For the quarter ending March 31 2019 Livehire posted an operating cash loss of $1.9 million on revenue of just $933,000.
