intelliHR Holdings Limited (ASX: IHR) shares will commence trading on the Australian Securities Exchange (ASX) today, following its successful $4.5 million Initial Public Offering (IPO).
intelliHR is an Australian cloud-based people management and intuitive data analytics software company that is enhancing productivity, staff retention, and corporate culture for its clients.
The Company issued 15 million new shares last week at an issue price of $0.30 per share under its oversubscribed IPO.
The ASX-listing will help the Company expand its innovative people management solutions in Australia and overseas. ASX-listing will also enhance intelliHR’s branding and help align employees and other key stakeholders by allowing equity participation in the Company’s growth.
The business was conceived when intelliHR’s Founder and Managing Director, Rob Bromage, originally a human resources consultant, saw a need for an intuitive automated software solution to help his existing clients. He responded by developing a unique software solution and, in 2013, intelliHR was spun-off as a separate business.
intelliHR has since been attracting the attention of both international and local clients, across a broad range of industries and has won business from some of the big players in the people management software space.
Mr Bromage said that the Company has developed its software-as-a-service platform as a single suite of people management tools. intelliHR provides automation and produces analytics that incorporate machine learning and Natural Language processing tools.
“We offer an essential core platform for every organisation to manage and retain human talent; providing the necessary tools to align, manage and enable a ‘people and culture strategy’ with a company’s broader business strategy,” Mr Bromage said.
“In 2018 we will be enhancing our existing system features which includes our recently launched sentiment analysis tool and further focus on best practice human capital management process innovation and process efficiency,” he said.
intelliHR people management tools can help businesses reduce costs through real-time data and analytics that help organisations better understand staff turnover, absenteeism, employee engagement and sentiment.
“There is also a top-line benefit where a more motivated, engaged and empowered workforce can drive improved organisational performance. We are witnessing this return on investment in our existing clients’ successes already,” Mr Bromage said.
“intelliHR benefits a wide-ranging client audience, and we have seen it enhance very diverse businesses both in industry type and size, from regional high schools to national law firms,” he said.
intelliHR is led by a highly-experienced Board of industry leaders including Tony Bellas of Corporate Travel Management and ERM Power, Greg Baynton of Orbit Capital and Novonix, and Jamie Duffield founding partner of Revolution IT.
For more information visit https://www.intellihr.com.au/investor-relations/
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Investor contact: Philip Lee, Executive Director – Corporate Finance, Morgans Corporate Limited (07) 3334 4836 / firstname.lastname@example.org