The Livehire share price is heading higher on a partnership announcement

Livehire Ltd (ASX: LVH) is a speculative bet.

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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.

Motley Fool contributor Tom Richardson has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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.

More on Share Market News

A young man wearing a backpack in a city street crosses his fingers and hopes for the best.
Dividend Investing

These 2 ASX shares are predicted to pay dividend yields higher than 8%!

Here are two stocks paying excellent cash flow.

Read more »

A girl is handed an oversized ice cream cone with lots of different flavours.
Growth Shares

How I'd use ASX growth shares to turn $1,000 into $10,000

Choosing the right growth shares can add plenty of bang to your buck.

Read more »

A couple sitting in their living room and checking their finances.
ETFs

The pros and cons of buying the BetaShares Australia 200 ETF (A200)

These are what I consider to be the main positives and negatives of the cheapest ASX share ETF in Australia.

Read more »

Smiling man working on his laptop.
Share Market News

5 things to watch on the ASX 200 on Monday

A better session is expected for Aussie investors today.

Read more »

A male sharemarket analyst sits at his desk looking intently at his laptop with two other monitors next to him showing stock price movements
Broker Notes

Top brokers name 3 ASX shares to buy next week

Brokers gave buy ratings to these ASX shares last week. Why are they bullish?

Read more »

A man stands at the bottom of a spiral staircase looking up.
Share Market News

Here's how the ASX 200 market sectors stacked up last week

ASX utilities shares led the 11 market sectors for a third consecutive week.

Read more »

Two people comparing and analysing material.
Opinions

Should you buy Metcash or Wesfarmers stock now?

I like the impressive hardware divisions of both of these businesses.

Read more »

A man has a surprised and relieved expression on his face. as he raises his hands up to his face in response to the high fluctuations in the Galileo share price today
Broker Notes

These ASX 200 shares could rise 20% to 50%

Big returns could be on the cards for owners of these shares according to analysts.

Read more »