Should you invest $1,000 in LiveTiles right now?īefore you consider LiveTiles, you’ll want to hear this. The post Why the LiveTiles (ASX:LVT) share price is rocketing 20% today appeared first on The Motley Fool Australia. The LiveTiles share price is sitting close to a 30% loss from this time last year, and 26% down year-to-date.īased on valuation grounds, LiveTiles presides a market capitalisation of roughly $161 million, with about 912 million shares outstanding.

While the LiveTiles share price is accelerating today, when comparing against the last 12 months, its shares are heavily down. To have a quality brand such as Nestlé signing with LiveTiles shows us that Employee Experience is now top of mind for the biggest employers in the world, particularly in a post-pandemic environment. We’re proud to be working with Nestlé and delivering an all-encompassing Employee Experience Platform solution to one of the world’s biggest employers. LiveTiles co-founder and CEO, Karl Redenbach commented:

The contract is valid for a period of 3 years and will generate a minimum revenue of $2.1 million for LiveTiles. The project integrated and rolled out services last month, and is scheduled to go live on 1 November 2021. Most notably, the contract is a record signing for LiveTiles EMEA. If successful, a second phase will take place where 300,000 people will participate in the program. Around 125,000 users will adopt the initial phase. Under the agreement, LiveTiles will deliver a range of products and services encompassing its employee experience solution. The business has a market capitalisation of roughly US$333 billion and employs over 328,000 people worldwide. Headquartered in Switzerland, Nestlé is the world’s leading nutrition, health and wellness company. Investors are fighting to get a hold of LiveTiles shares following the company’s significant contract win.Īccording to its release, LiveTiles revealed that it has signed another large enterprise licencing deal with international company, Nestlé.

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