LiveTiles

LiveTiles is a software company founded in 2014. The company develops cloud-based digital workplace software for the commercial, government and education markets. As of 2018, it has raised more than A$50 million in total funding (including seed funding).[1]

LiveTiles
Type of site
Public
Traded asASX: LVT
Founded2014
HeadquartersNew York City
Key people
  • Karl Redenbach (Chief Executive Officer and Co-Founder)
  • Peter Nguyen-Brown (Chief Experience Officer and Co-Founder)
IndustryCloud based software
URLwww.livetiles.nyc

The company is headquartered in New York City, and has offices in Seattle, Tri-Cities (Washington State), San Francisco, Los Angeles, Chicago, Minneapolis, North Carolina, London, Sligo, Zurich, The Netherlands, Sydney, Melbourne, Geelong and Hobart.[2]

History

LiveTiles was founded in Australia in 2014,[3] and in 2015 it became listed on the Australian Securities Exchange after its reverse acquisition of coal company Modun Resources Limited,[4][5] with an initial IPO of A$57 million. The CEO of the company is Karl Redenbach,[6][7] who cofounded LiveTiles with Peter Nguyen-Brown.[8] In 2017, the company raised A$12 million in equity financing through a share purchase plan.[9][10]

In May 2018, LiveTiles acquired US based Microsoft AI firm Hyperfish for A$8.9 million.[11][12]

In February 2019, LiveTiles acquired Danish digital workplace software company Wizdom for a maximum total purchase price of EUR 30 million (approximately A$47.6 million).[13][14]

Corporate affairs

Leadership

LiveTiles is managed by CEO and Co-Founder Karl Redenbach. Other key executives are:[15]

  • Peter Nguyen-Brown, Chief Experience Officer & Co-Founder
  • Andy Mckeon, Global Creative Officer
  • Dana Rasmussen, SVP Head of People

Products / business model

The company develops and sells cloud-based digital workplace software for Office 365, Azure, and SharePoint. This includes various solutions including LiveTiles Mosaic, which was developed for K-12 educational institutions and has 1.2 million users,[16] and LiveTiles Commercial.[8] They also provide LiveTiles MX, a mobile app; digital workplace design tools called LiveTiles Cloud and LiveTiles SharePoint; artificial intelligence platform LiveTiles Intelligence; and LiveTiles for SAP Software.[17][18]

In 2017, LiveTiles partnered with Microsoft to launch the joint venture AI Australia, an Australian-based artificial intelligence development firm.[19]

Awards

LiveTiles has won business and technology awards for its AI and IT work. In 2018 the company was presented with Microsoft’s "US Modern Workplace Transformation Partner of the Year" award, recognizing its advancements in workplace integration of AI. Also in 2018, LiveTiles won “Best Application of AI in the Enterprise” at the AIconics AI Summit.[20][21][22]

References
  1. https://www.crunchbase.com/organization/livetiles
  2. "LiveTiles Annual Report 2018" (PDF). LiveTiles Investor Centre. LiveTiles. Retrieved 1 June 2019.
  3. "Deloitte strikes Aussie reseller deal with LiveTiles". ARN Magazine.
  4. Talevski, Julia. "LiveTiles set to list on the ASX in reverse takeover". Tech Advisor.
  5. Foye, Brendon. "Microsoft partner LiveTiles goes public in $57m float". CRNet. Retrieved 9 July 2019.
  6. Thomsen, Simon (18 September 2015). "US software company LiveTiles lists on the ASX via reverse takeover". Business Insider.
  7. "Alumni Networks a Boon for Monash". The Australian Newspaper.
  8. "Profile: Karl Redenbach, CEO, LiveTiles". ARN Magazine.
  9. "ASX-listed startup LiveTiles brings on ex-Microsoft global strategist to lead expansion into Europe - SmartCompany". Smart Company. 21 September 2017.
  10. "ASX-listed software company LiveTiles raises $11 million for expansion - Startup Daily". Start up Daily. 2 August 2017.
  11. "LiveTiles acquires Microsoft AI software firm Hyperfish". CRN Australia. Retrieved 2018-06-12.
  12. "Microsoft AI and Bot-based Employee Data Solutions Firm, Hyperfish, to be Acquired by LiveTiles". Retrieved 2018-06-12.
  13. Tchetvertakov, George. "LiveTiles acquires Wizdom as wave of next-generation applications looms". Small Caps. Retrieved 30 May 2019.
  14. "Acquisition of European digital workplace software company" (PDF). ASX. Retrieved 30 May 2019.
  15. "Investors". LiveTiles. Retrieved 2020-01-07.
  16. McLean, Asha. "Education software company LiveTiles raises AU$12m and lists via reverse takeover - ZDNet". ZD Net.
  17. "LiveTiles Limited: Private Company Information - Bloomberg". Bloomberg.
  18. Bindi, Tas. "ASX-listed LiveTiles raises AU$11m to boost subscription revenue growth - ZDNet". ZD Net.
  19. "Microsoft and LiveTiles partners launch AI business". ARN Magazine.
  20. "Awards". LiveTiles. Retrieved 2020-01-07.
  21. "Congratulations to the 2018 MSUS Partner Award Winners - US Partner Community Blog - Microsoft". US Partner Community Blog. 2018-06-29. Retrieved 2020-01-07.
  22. "LiveTiles Bots wins 'Best Application of AI in the Enterprise' Award". LiveTiles. 2018-06-22. Retrieved 2020-01-07.
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