A short time ago, Humanforce Holdings (an HR technology company owned by A-KKR) lodged a binding takeover offer to acquire 100% of LiveHire.

Since 2016, LiveHire has been a publicly listed company (ASX: LVH). As shareholders accept the offer from Humanforce Holdings, the opportunity for LiveHire and our customers is an increased investment for product development and expansion.

The Humanforce product portfolio complements the LiveHire Talent Acquisition capability, which ensures a positive outcome for clients and partners.

About Humanforce

Founded in Australia, Humanforce has been building its business for 22 years and serves more than 2000 clients in Australia, New Zealand, the UK, and North America. On their journey to expand beyond their HCM technology (human capital management system for payroll, compliance and rostering), LiveHire is the natural next step for recruitment and total talent. 

We don’t expect any changes to the client experience with us. The Humanforce and LiveHire technologies are extremely complementary and if/when the acquisition completes, we simply will have more financial backing and private investment to continue innovating for all of our clients.

How will the acquisition impact our business?

At this stage, Humanforce does not own LiveHire. LiveHire remains ASX listed. Once Humanforce acquires greater than 50% ownership they will have a controlling interest in LiveHire. They will need to reach 90% ownership for compulsory acquisition, which is the goal. 

Until such time, everyone at LiveHire will maintain our intense focus on delivering an exceptional client experience and ensuring we continue to meet and exceed our client’s service and support needs. 

Humanforce and LiveHire will continue to operate ‘business as usual’.  If/when the acquisition is complete, it will unlock new and exciting opportunities for our clients who, in addition to enjoying the benefits of LiveHire, will gain access to the entire Humanforce suite – offering an unparalleled combination of tools and data, enabling intelligent data-driven decision making, from employee engagement, culture, wellbeing, and performance, to risk and compliance.

What changes should customers expect?

Clients can expect minimal (if any) disruption to their business as the acquisition progresses. All client support will be managed by the existing LiveHire Support Team. We will maintain our intense focus on delivering an exceptional client experience and ensuring we continue to meet all service and support needs.

Future product development

At this stage, Humanforce does not own LiveHire but if/when the acquisition is finalised, the LiveHire platform will continue to be enhanced with the combined strength of Humanforce. The LiveHire product continuously evolves to stay relevant to market needs and expectations. If/when the acquisition occurs, the additional Humanforce backing will allow us to remain at the forefront of technology and better serve our clients’ changing needs.

Summary

If/when the acquisition is complete, we are confident it will unlock new and exciting opportunities for our customers. In the meantime, we will continue to update the LiveHire website with news of the acquisition as it evolves. If you have any questions, please click here to contact us.