LVH announces first offshore client and first via RPO distribution.

Randstad Sourceright is implementing LiveHire’s Talent Community for a cornerstone client. It is the company’s first customer via an RPO, and the first client building a Talent Community outside of Australia. Randstad’s client is a global technology company with over 100k employees globally. It has commenced implementation of its Talent Community initially in Malaysia, and then will roll out to Singapore. While no details were provided on the number of employees in Malaysia, we estimate that these would number in the tens of thousands, translating potentially into tens of thousand talent community connections. The alliance with Randstad illuminates a key benefit of partnering with an RPO - to utilise its marketing, sales, distribution, and client channels. This significantly reduces the time, capital, and resources LVH would require if it were to “go alone”. The successful implementation of the Talent Community in Malaysia can catalyse promotion of LiveHire across other Randstad clients, other RPOs signing with LVH, and other companies in the same vertical as the client. We maintain our Speculative Buy recommendation and 12-month price target of $0.54/share.

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