Technology

PE-backed Australian tech firm swallows ASX minnow

The chief executive of Humanforce says its $17.2 million acquisition will complete its suite of human resources software.

Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login 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. Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe.

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