Gooroo Ventures shares are up 86pc after it partnered with Microsoft
Shares in career tech company Gooroo Ventures (ASX:GOO) have rocketed 86 per cent this morning after the company signed a commercial deal with tech behemoth Microsoft.
Microsoft will pay Gooroo to test and refine Gooroo’s career planner application with some of Microsoft’s local and international partner universities.
It is the first phase of what Gooroo hopes will be a “global program” that could see Gooroo’s tech rolled out to universities, colleges and schools around the world.
Investors were certainly excited, sending Gooroo shares up as much as 86 per cent to an intraday high of 11c, their highest point in eight months.
It expects the first phase to be completed by the end of June, with an approach for commercial release and large-scale delivery hoped to be set in stone by July.
The company, which provides an AI-focused jobs business which uses personality profiling tools so that companies can see a more detailed profile of job candidates, has been working with Microsoft for some time. Last year it rolled out online courses that gave jobseekers a Microsoft certification upon completion.
“This deal signifies how Gooroo’s unique technology and human thinking science is being applied to address a globally recognised problem that effects millions of students each year,” the company said in a statement.
“Most students are uncertain about the career options available to them and where they are most likely to thrive.”
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