The Livehire share price is heading higher on a partnership announcement

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

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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.

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