LiveTiles explained

LiveTiles
Industry:Software
Type:Public
Founded:2014
Headquarters:Melbourne, Australia
Ceo:David Vander

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 Sligo, Vejle, Porto, and Sydney.[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.[7] In 2015 it became listed on the Australian Securities Exchange after its reverse acquisition of coal company Modun Resources Limited,[8] [9] with an initial IPO of A$57 million.[10]

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] David Vander remains the CEO despite his previous resignation.[19]

In December 2023, LiveTiles entered receivership and was suspended from trading on the ASX.[20] [21]

Corporate affairs

Leadership

LiveTiles is managed by CEO David Vander.[22]

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,[23] 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.[24] [25]

In 2017, LiveTiles partnered with Microsoft to launch the joint venture AI Australia, an Australian-based artificial intelligence development firm.[26]

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.[27] [28] [29]

Notes and References

  1. Web site: Appointment of Receivers and Managers to LiveTiles Limited. ASX. 2023-12-15.
  2. Web site: Suspension from Quotation. ASX. 2023-12-15.
  3. Web site: Contact us. LiveTiles.
  4. Web site: Deloitte strikes Aussie reseller deal with LiveTiles. ARN Magazine.
  5. Web site: Profile: Karl Redenbach, CEO, LiveTiles. ARN Magazine.
  6. Web site: Alumni Networks a Boon for Monash. The Australian Newspaper.
  7. Web site: Profile: Karl Redenbach, CEO, LiveTiles. ARN Magazine.
  8. Web site: LiveTiles set to list on the ASX in reverse takeover. Julia. Talevski. Tech Advisor.
  9. Web site: Foye . Brendon . Microsoft partner LiveTiles goes public in $57m float . CRNet . 9 July 2019.
  10. Web site: US software company LiveTiles lists on the ASX via reverse takeover. https://web.archive.org/web/20150923154904/http://www.businessinsider.com.au/us-software-company-livetiles-lists-on-the-asx-via-reverse-takeover-2015-9. dead. September 23, 2015. Simon. Thomsen. 18 September 2015. Business Insider.
  11. Web site: ASX-listed startup LiveTiles brings on ex-Microsoft global strategist to lead expansion into Europe - SmartCompany. 21 September 2017. Smart Company.
  12. Web site: ASX-listed software company LiveTiles raises $11 million for expansion - Startup Daily. 2 August 2017. Start up Daily.
  13. Web site: LiveTiles acquires Microsoft AI software firm Hyperfish. CRN Australia. 2018-06-12.
  14. News: Microsoft AI and Bot-based Employee Data Solutions Firm, Hyperfish, to be Acquired by LiveTiles. 2018-06-12.
  15. Web site: Tchetvertakov . George . LiveTiles acquires Wizdom as wave of next-generation applications looms . Small Caps . 4 February 2019 . 30 May 2019.
  16. Web site: Acquisition of European digital workplace software company . ASX . 30 May 2019.
  17. Web site: Archived copy . 2021-01-10 . 2021-01-12 . https://web.archive.org/web/20210112205513/https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02174940-2A1187687?access_token=83ff96335c2d45a094df02a206a39ff4 . dead .
  18. Web site: Restructure and Cost Reduction Program to Achieve Cashflow Breakeven. ASX. 2023-12-15.
  19. Web site: https://www.linkedin.com/in/davidjvander/?originalSubdomain=au.
  20. Web site: Appointment of Receivers and Managers to LiveTiles Limited. ASX. 2023-12-15.
  21. Web site: Suspension from Quotation. ASX. 2023-12-15.
  22. Web site: Investors. LiveTiles. en-US. 2020-01-07.
  23. Web site: Education software company LiveTiles raises AU$12m and lists via reverse takeover - ZDNet. Asha. McLean. ZD Net.
  24. Web site: LiveTiles Limited: Private Company Information - Bloomberg. Bloomberg.
  25. Web site: ASX-listed LiveTiles raises AU$11m to boost subscription revenue growth - ZDNet. Tas. Bindi. ZD Net.
  26. Web site: Microsoft and LiveTiles partners launch AI business. ARN Magazine.
  27. Web site: Awards. LiveTiles. en-US. 2020-01-07.
  28. Web site: Congratulations to the 2018 MSUS Partner Award Winners - US Partner Community Blog - Microsoft. 2018-06-29. US Partner Community Blog. en-US. 2020-01-07.
  29. Web site: LiveTiles Bots wins 'Best Application of AI in the Enterprise' Award. 2018-06-22. LiveTiles. en-US. 2020-01-07.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "LiveTiles".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.