 | |
Type of site | Public |
|---|---|
| Traded as | ASX: LVT |
| Founded | 2014 |
| Headquarters | Melbourne |
| Key people |
|
| Industry | Cloud based intranet and digital workplace software |
| URL |
www |
LiveTiles is an intranet and digital workplace software company founded in 2014. The company develops cloud-based digital workplace software for the commercial, government and education markets.
Since December 2023, LiveTiles has been managed by receivers KordaMentha. [1] [2]
The company is headquartered in Melbourne, and has offices in New York City, Basel, Zürich, Bern, Romania, Sligo, Copenhagen, Denmark, Sydney, and Hobart. [3]
History
LiveTiles was founded in Australia [4] by Karl Redenbach [5] and Peter Nguyen-Brown, [6] following the sale of their IT consultancy nSynergy to Rhipe in 2014. [5] In 2015 it became listed on the Australian Securities Exchange after its reverse acquisition of coal company Modun Resources Limited, [7] [8] with an initial IPO of A$57 million. [9]
The CEO of the company is currently David Vander. Vander resigned in October 2023, [10] but is expected to continue in his role until April 2024.
In 2017, the company raised A$12 million in equity financing through a share purchase plan. [11] [12]
In May 2018, LiveTiles acquired US based Microsoft AI firm Hyperfish for A$8.9 million. [13] [14]
In February 2019, LiveTiles acquired Danish digital workplace software company Wizdom for a maximum total purchase price of EUR 30 million (approximately A$47.6 million). [15] [16]
In November 2019, LiveTiles acquired Swiss intranet provider CYCL AG in a deal worth A$19 million, which was made up of A$6.3 million in cash and A$12.6 million in shares. [17]
In December 2021, LiveTiles acquired My Net Zero, climate solution application.
In October 2023, LiveTiles announced the departure of CEO David Vander as part of a restructure and cost reduction program with the aim of achieving cashflow breakeven. [18]
In December 2023, LiveTiles entered receivership [19] and was suspended from trading on the ASX. [20]
Corporate affairs
Leadership
LiveTiles is managed by CEO David Vander. [21]
Products / business model
The company develops and sells cloud-based digital workplace and intranet's for Office 365, Azure, and SharePoint. This includes various solutions including LiveTiles Mosaic, which was developed for K-12 educational institutions and has 1.2 million users, [22] and LiveTiles Commercial. [5] They also provide LiveTiles Reach, a mobile app; digital workplace and intranet design tools called LiveTiles Intranet and LiveTiles Everywhere; artificial intelligence, employee wellness and communication platform LiveTiles Quantum. [23] [24]
In 2017, LiveTiles partnered with Microsoft to launch the joint venture AI Australia, an Australian-based artificial intelligence development firm. [25]
Awards
LiveTiles has won business and technology awards for its AI and IT work. In 2018 the company was presented with Microsoft's "US Modern Workplace Transformation Partner of the Year" award, recognizing its advancements in workplace integration of AI. Also in 2018, LiveTiles won “Best Application of AI in the Enterprise” at the AIconics AI Summit. [26] [27] [28]
References
- ^ "Appointment of Receivers and Managers to LiveTiles Limited". ASX. Retrieved 2023-12-15.
- ^ "Suspension from Quotation". ASX. Retrieved 2023-12-15.
- ^ "Contact us". LiveTiles.
- ^ "Deloitte strikes Aussie reseller deal with LiveTiles". ARN Magazine.
- ^ a b c "Profile: Karl Redenbach, CEO, LiveTiles". ARN Magazine.
- ^ "Alumni Networks a Boon for Monash". The Australian Newspaper.
- ^ Talevski, Julia. "LiveTiles set to list on the ASX in reverse takeover". Tech Advisor.
- ^ Foye, Brendon. "Microsoft partner LiveTiles goes public in $57m float". CRNet. Retrieved 9 July 2019.
- ^ Thomsen, Simon (18 September 2015). "US software company LiveTiles lists on the ASX via reverse takeover". Business Insider.
- ^ "Restructure and Cost Reduction Program to Achieve Cashflow Breakeven". ASX. Retrieved 2023-12-15.
- ^ "ASX-listed startup LiveTiles brings on ex-Microsoft global strategist to lead expansion into Europe - SmartCompany". Smart Company. 21 September 2017.
- ^ "ASX-listed software company LiveTiles raises $11 million for expansion - Startup Daily". Start up Daily. 2 August 2017.
- ^ "LiveTiles acquires Microsoft AI software firm Hyperfish". CRN Australia. Retrieved 2018-06-12.
- ^ "Microsoft AI and Bot-based Employee Data Solutions Firm, Hyperfish, to be Acquired by LiveTiles". Retrieved 2018-06-12.
- ^ Tchetvertakov, George. "LiveTiles acquires Wizdom as wave of next-generation applications looms". Small Caps. Retrieved 30 May 2019.
- ^ "Acquisition of European digital workplace software company" (PDF). ASX. Retrieved 30 May 2019.
-
^
"Archived copy". Archived from
the original on 2021-01-12. Retrieved 2021-01-10.
{{ cite web}}: CS1 maint: archived copy as title ( link) - ^ "Restructure and Cost Reduction Program to Achieve Cashflow Breakeven". ASX. Retrieved 2023-12-15.
- ^ "Appointment of Receivers and Managers to LiveTiles Limited". ASX. Retrieved 2023-12-15.
- ^ "Suspension from Quotation". ASX. Retrieved 2023-12-15.
- ^ "Investors". LiveTiles. Retrieved 2020-01-07.
- ^ McLean, Asha. "Education software company LiveTiles raises AU$12m and lists via reverse takeover - ZDNet". ZD Net.
- ^ "LiveTiles Limited: Private Company Information - Bloomberg". Bloomberg.
- ^ Bindi, Tas. "ASX-listed LiveTiles raises AU$11m to boost subscription revenue growth - ZDNet". ZD Net.
- ^ "Microsoft and LiveTiles partners launch AI business". ARN Magazine.
- ^ "Awards". LiveTiles. Retrieved 2020-01-07.
- ^ "Congratulations to the 2018 MSUS Partner Award Winners - US Partner Community Blog - Microsoft". US Partner Community Blog. 2018-06-29. Retrieved 2020-01-07.
- ^ "LiveTiles Bots wins 'Best Application of AI in the Enterprise' Award". LiveTiles. 2018-06-22. Retrieved 2020-01-07.