Private equity-backed Humanforce will focus on its global expansion plans after the Australian human resources software maker finalised its $17.2 million takeover of ASX-listed LiveHire.
Founded in Melbourne in 2012, LiveHire makes software to recruit and onboard frontline and contingent workers. The company was valued at $40 million when it listed on the ASX in 2016 but shares in the loss-making business had since collapsed, forcing the board to seek out a buyer.
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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
