The LiveTiles Ltd (ASX: LVT) share price has risen 10% in early reaction to its latest news about its ongoing relationship with Microsoft.
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.
LiveTiles’ Latest Microsoft Development
LiveTiles has announced that Microsoft is going to co-sell LiveTiles products, including Wizdom and Hyperfish, which now features solutions that extend the Microsoft Teams platform in 39 countries worldwide.
According to LiveTiles, the Microsoft Teams platform is the fastest growing collaboration platform in its history with 13 million daily active users and 19 million weekly active users. It combines chat messaging, video meetings, file storage and application integration. LiveTiles said its entire workplace range has been extended to include Microsoft Teams.
LiveTiles CEO Karl Redenbach said: “Microsoft have continued to up the ante in the new era of collaboration and productivity enablement. We continue to build and innovate on Microsoft platforms including Office 365, SharePoint, Azure and now Microsoft Teams, presenting another layer of opportunity for expansion of our intelligent workplace vision.
“Having successfully demonstrated how Microsoft Teams is supported within our intranet platform to ensure success in their adoption of Microsoft teams, LiveTiles is thrilled to be working with Microsoft to bring its products to customers.”
LiveTiles has been invited to several Microsoft events to present the new Teams solution including at the Microsoft Retail and Consumer Goods Executive Experience in London in October and the Digital Transformation Academy event in Las Vegas in September where the US Microsoft field of 5,000 Microsoft sales representatives will be there. The company will also be presenting to key Microsoft customers at the new flagship store in London.
Is The LiveTiles Share Price A Buy?
Despite the strong rise this morning, the LiveTiles share price is still around 20% lower than it was a month ago. So I think if you have been interested in buying LiveTiles shares then now could be an opportunistic time to buy. However, I like investing in business that are already profitable and preferably buying a dividend, so it’s staying on my watch list for now.
Instead, for rapid growth, it could be worth looking into the businesses revealed for free in the report below.
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