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Brisbane-based data analytics company intelliHR has commenced trading on the Australian Securities Exchange (ASX), following a successful $4.5 million Initial Public Offering (IPO).
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 is expected to help the company expand its innovative people management solutions in Australia and overseas.
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, according to an announcement, working across a broad range of industries, and has won business from some of the big players in the people management software space.
“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,” 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.”