LiveHire, cloud-based talent acquisition platform, has recently cemented a partnership with Jemena, leading energy infrastructure and distribution business of Australia, and anticipates almost double the annual recurring revenue (ARR) of its "current client average".
The company today announced the enterprise agreement, which will include powering recruitment of all employees across Jemena’s entire operations.
In addition to being the largest gas distributor in New South Wales, Jemena provides electricity to the north and western regions of Melbourne, Victoria.
It also operates gas transmission pipelines including the Queensland Gas Pipeline, Eastern Gas Pipeline and the Northern Gas Pipeline (currently under construction in the Northern Territory), as well as a network of water pipelines in NSW.
According to LiveHire, this latest deal “signals significant progression in the company’s direct sales strategy, given it proves ongoing applicability and adoption of the LiveHire platform with larger enterprises, and the ability of the direct sales team to solve complex solutions for larger clients”.
While the company did not reveal the total value of the agreement, it said in addition to non-recurring upfront revenue, the ARR was more than twice the current average across LiveHire’s clients.
In the company’s September 2018 quarterly report, LiveHire advised its average ARR per client was $27,885, making the value of this deal with Jemena in excess of $55,000.
“Up to now, LiveHire has been very focused on building a platform and architecture for global scale, to satisfy the most innovative practitioners in the market, RPO [recruitment process outsourcing] firms,” LiveHire chief executive officer Christy Forest said.
“As successful RPO implementations continue to accelerate, we have been expanding and mobilising our direct sales channel, to bring the award-winning LiveHire platform to the mid-market of 500-5,000 FTE [full-time employee] companies who primarily manage recruitment through their own internal teams,” Ms Forest added.
Read more here
Join us in Bangkok the 19th to the 22nd of March for the Property Portal Watch Conference.