The LiveTiles Ltd (ASX: LVT) was a solid performer on Thursday, its share price increased by 6%.
LiveTiles is a software business which is headquartered in New York with operations in the US, Europe and Australia. LiveTiles provides workplace software for the commercial, government and education markets, and is an award-winning Microsoft partner.
What Did LiveTiles Report?
LiveTiles announced a strategic partnership with Uipath to expand its strategic growth and partnership opportunities for both organisations.
According to LiveTiles, UiPath is described as the world’s leading ‘Robotic Process Automation’ (RPA) company, servicing over 2,700 customers and 400,000 users globally including JP Morgan, Charles Schwab and the US Navy.
RPA allows anyone to configure computer software, or a “robot”, to emulate human interaction within digital systems to do business processes and repetitive tasks.
The announcement by LiveTiles also included news that the two companies will investigate the potential for development of joint RPA and artificial intelligence (AI) solutions with their respective technologies.
The idea is that the two companies can leverage their platforms’ strengths to create more compelling solutions and offers including helping customers determine what should be automated, implement the use of conversational user interface technology such as bots.
The two technology businesses will also look to leverage each other’s respective sales channels and demand generation engines through joint sales and marketing to drive co-sell opportunities together and with Microsoft.
LiveTiles will present at Microsoft’s premier annual event for their partners. LiveTiles was chosen alongside UiPath and Adobe to present with Microsoft Vice President, Worldwide ISV Strategy, Penny Philpot, on the successes and benefits of partner-to-partner collaboration.
LiveTiles Co-Founder and CEO Karl Redenbach said: “This strategic partnership represents a significant step for the Company as we seek to accelerate our pipeline of commercial opportunities and drive compelling new solutions for our customers.”
Is LiveTiles A Buy?
LiveTiles certainly seems to be making all the right moves to continue on its growth trajectory. I think it could be one to watch over the coming years, but the tough part is knowing what the right price is to buy it at.
That’s why it’s safer to build a portfolio of businesses, so two other considerations could be the growth shares in the free report below.
[ls_content_block id=”14947″ para=”paragraphs”]
[ls_content_block id=”18380″ para=”paragraphs”]
