Tech: Aussie software tie-up in play as LiveTiles joins forces with Canva
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Software company Livetiles (ASX:LVT) has signed up another big name for its enhanced user-interface platform.
The company this morning announced a deal with Canva, the Sydney-based graphic design company with a $1 billion-plus valuation.
LiveTiles will integrate Canva’s design software onto its core platform and give users access to graphic design functionality without leaving LiveTiles.
At the heart of the agreement from a commercial perspective is the ability to cross-sell products across the combined user base of the two companies, which numbers into the tens of millions.
LiveTiles said the agreement will provide an extra layer of functionality for commercial clients such as marketing managers or communication specialists, via access to the Canva platform during the preparation of commercial presentations.
The company is targeting end-users across its entire customer suite, from large businesses to small-to-medium enterprises (SMEs) and education markets.
The deal with Canva also gives LiveTiles the opportunity to deploy its CYCL Condense intranet product, stemming from its recent acquisition of CYCL Condense Communications.
LiveTiles said its upgraded intranet service was focused on the SME segment, providing more affordable intranet services to existing customers whether they were Microsoft users or not.
LiveTiles says its core service provides an enhanced user-interface solution to customers using the suite of Microsoft Office products for a commercial purpose.
Shares ticked higher on this morning’s news, and the company’s stock price has now jumped by around 50 per cent since the start of February, when it received approval to seek commercial opportunities with the US government.
There were a couple of announcements across the buy now, pay later sector to start the week. Splitit (ASX:SPT) ticked higher off recent lows after announcing a new merchant deal with Resident Home, a US furniture retailer. And US-based competitor Sezzle (ASX:SZL) had a milestone announcement, with news it has now surpassed more than 1 million active customers.
And tech minnow Quantify Technology (ASX:QFY) had some patent news, announcing that its core technology has received patent protection in Egypt. Quantify makes the qDevice smart-home electronics product which allows light switches to be controlled by voice, app and touch. With its latest announcement, the company says it’s now received patent protection in 13 countries.