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- LiveTiles (LVT) has signed a multi-million-dollar deal with a Fortune 100 healthcare company in the U.S.
- The company will purchase LiveTiles’ products, including LiveTiles Reach
- LiveTiles Reach will be used to implement a digital workplace solution that combines all of the customer’s employee experience needs into one integration solutions
- This agreement marks the second multi-million-dollar deal signed in less than four months
- LiveTiles is gradually seeing a higher demand for its kind of products as employees are placing more importance on solutions that support a corporate culture, learning and employee wellbeing
- Company shares are up 16 per cent on the back of this news to trade at 29 cents
LiveTiles (LVT) has signed a multi-million-dollar deal with one of the largest healthcare companies in the U.S.
While the company’s identity hasn’t been disclosed, it is a top 10 member of the Fortune 100 and employs over 300,000 people.
This record deal involves the Fortune 100 company purchasing a broad suite of LiveTiles’ products, including LiveTiles Reach. The healthcare company will use LiveTiles Reach to implement an enterprise-wide digital solution that combines all of its employee experience needs into a single integrated solution.
LiveTiles claims its products were selected due to their ability to drive employee collaboration and communication a lot quicker and more efficiently, compared to a custom-built solution.
Its solutions are also being sold by Microsoft sales representatives alongside their own products under an alliance and co-sell agreement.
This deal follows a multi-million-dollar deal with a U.S.-based apparel retailer late last year to assist with its COVID-19 reopening strategy.
“To sign another record deal for the second time in less than four months is a real thrill. To do so with LiveTiles Reach being a key part of the deal, is further validation of our product diversification strategy and gives us confidence for the year ahead,” commented Co-Founder and CEO Karl Redenbach.
There has been a growing demand for technology solutions that support a corporate culture, learning and employee wellbeing. This category is defined as the ‘Employee Experience Platform’ which is a crucial aspect of LiveTiles’ technology and vision.
“Large enterprises are making the necessary investments to help their teams be more effective, but also connect in meaningful ways with their employees no matter where they work from,” President Daniel Diefendorf said.
LiveTiles will continue to pursue opportunities in the healthcare industry.
Company shares are up 16 per cent on the back of this news to trade at 29 cents at 12:52 pm AEDT.
