Microsoft loves LiveTiles and shareholders do too
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Special Report: The intelligent workplace software company has deepened its relationship with Microsoft and shareholders responded in kind.
LiveTiles (ASX:LVT) recently announced that tech behemoth Microsoft had chosen LiveTiles as a key partner in the launch of Microsoft’s latest major product release.
At the Microsoft SharePoint North America Conference in Las Vegas last week, Jeff Teper, corporate vice president of Office 365 at Microsoft, introduced “home sites”, an intranet-style offering, to Microsoft’s Modern SharePoint feature suite.
It’s certainly not the first time LiveTiles has played a big part in the Microsoft world — last year it was the only Australian company to be selected as a launch partner at Microsoft Asia Pacific’s Singapore-based Industry Zone.
The partnership again expands commercial opportunities for LiveTiles, introducing its technology to prospective new Microsoft customers. Shares in the company jumped 27 per cent to highs of 51.5c, their highest point this month.
What the latest partnership means is LiveTiles’ broad range of intelligent workplace software will be a big part of the SharePoint “home sites,” which is designed to provide Microsoft customers with an all-in-one corporate intranet solution.
Through the partner program, Microsoft clients will be able to leverage LiveTiles’ technology, as Simon Tyrrell, chief product officer at LiveTiles, told Stockhead.
“Microsoft is really reinvesting back into the partner ecosystem and this represents an extension of the closeness of our relationship with them,” he said.
“It gives us a growing opportunity to contribute to Microsoft’s vast offering. We offer a lot of solutions that are able to streamline what was previously a crappy, cumbersome business process, leaving people more time to do what they actually love doing.”
Examples of this include LiveTiles Bots, which can automate mundane and repetitive tasks, Intelligent Intranet, an AI-powered intranet solution that will be able to put a Microsoft SharePoint user’s ecosystem in the one place, and Hyperfish’s employee directory software.
“This is something we’ve been working on with Microsoft for a while now,” Tyrrell says.
“We try not to be a one-trick pony, we see our product offering as an ecosystem and we can provide a lot of solutions depending on a customer’s needs.”
The first major customer has already been signed — Novartis, the world’s fifth-largest pharmaceutical company, announced its new global corporate intranet using SharePoint “home sites” and LiveTiles software.
Also involved in the launch is the technology of Wizdom and Hyperfish, two tech companies that LiveTiles has acquired in the past year.
“As part of its focused data and digital transformation, Novartis will launch a new global corporate intranet for its 100,000+ employees,” Philip Martuccil, director of content at Novartis, said.
Dan Holme, senior product marketing director for SharePoint and OneDrive at Microsoft, said LiveTiles had been a loyal and long-time ally.
“We are thrilled that LiveTiles, along with Wizdom and Hyperfish, are building on SharePoint innovations like home sites, to deliver unique experiences and solutions that empower our joint customers to achieve more,” he said.
“Microsoft’s commitment to the evolution of SharePoint aligns perfectly with our own product roadmap,” LiveTiles CEO and co-founder Karl Redenbach added.
“We are more than delighted to be chosen as a partner to launch and extend the home sites and Modern SharePoint capabilities for customers. This launch and new customer announcement have further strengthened the relationship between Microsoft and LiveTiles, and will drive even stronger joint sales and marketing activities to enterprise customers across the globe.”