LiveHire (ASX: LVH) has secured a strategic software as a service agreement, which will see Viventis Search Asia use its SaaS recruitment technology platform across the Philippines, Singapore, Malaysia and Indonesia.
Viventis has selected LiveHire’s SaaS platform, which connects companies and job seekers, to power its recruitment outsourcing and executive search businesses across the four South East Asian countries for three years.
LiveHire chief executive officer Christy Forest said the company was “thrilled” to partner with Viventis, which is a prominent career consulting and human capital solutions firm that has more than 1,500 customers.
Viventis currently provides holistic talent management and people development services to local and multinationals across all industries in Philippines, Singapore, Malaysia and Indonesia.
“LiveHire is committed to empowering the flow of the world’s talent and our partnership with Viventis further supports our mission,” Ms Forest explained.
“The Viventis ecosystem, alongside LiveHire, will provide a holistic approach for organisations in South East Asia to transform the workforce,” she added.
LiveHire views the Viventis agreement as a “strategic milestone” as it continues expanding across the South East Asia region.
The Viventis partnership is expected to generate $525,000 in revenue for LiveHire over the three-year term.
Today’s agreement with Viventis follows a strategic partnership last month with NYSE-listed ManpowerGroup Talent Solutions’ TAPFIN division.
Under that deal, LiveHire’s technology will be offered to TAPFIN’s clients in North America.
“The board believes that the fact TAPFIN is globally one of the top four MSPs (managed service provider) and LiveHire has completed a competitive process for direct sourcing technology and partnership is a significant step for both the LiveHire business and validates the direct sourcing market,” Ms Forest explained.
TAPFIN is a subsidiary of the US$4.8 billion Manpower Group.
The agreement with TAPFIN is based on LiveHire’s standard commercial terms, but the value is yet to be quantified.
However, LiveHire said the agreement is significant due to the size of TAPFIN and its North American client base.