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LiveTiles Raises $57M In Float

LiveTiles Raises $57M In Float

Microsoft partner LiveTiles has listed on the Australian Securities Exchange with an initial market capitalisation of A$57 million.

The company’s flagship product is a user interface tool for creating tiled interfaces for SharePoint and Azure implementations which had more than 3.7 million users as of 2014.

LiveTiles said it now has 86 reseller partners globally, and has signed on customers including Pepsico, the Canadian Olympic Committee and Europe’s governing body for soccer UEFA.

LiveTiles took a backdoor listing via a buyout by ASX-listed West Australian mining company Modun Resources in April, which valued LiveTiles at $33.75 million.

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