Acquisition of Nvoi: world-first cloud–based hiring platform

this reads really well...

HIGHLIGHTS
Orrex Resources (ASX:ORX)(Orrex) has entered into a conditional Purchase and Sale Agreement
(PSA) to acquire 100% of Nvoi Limited (Nvoi).

 Nvoi is a globally scalable, world first cloud–based platform for candidates and hiring
managers in the on‐site white‐collar contingent (non‐permanent basis) workforce
economy.

 Nvoi replaces the inefficient and high‐cost structure of existing staffing agencies and inhouse
practices for corporates.

 Nvoi can scale rapidly utilising the Salesforce platform (Salesforce1 is a NYSE listed
US$53bn cloud based enterprise software company). The Salesforce platform is one of the
largest Platform as a Service (“PaaS”) giving Nvoi a huge advantage to execute its global
rollout.

 The global white‐collar contingent workforce is estimated to be valued at more than
US$3.22 trillion per annum. It is the fastest growing segment of the workforce globally.
Today, the onsite contingent workforce has a market penetration of 25%‐30% in most
developed economies, accelerating to closer to 5O% by 2020. Nvoi will address this global
market.

 Nvoi has secured a notable board of directors to lead the global development of Nvoi; Mr
Andrew Dutton will be Nvoi Chairman and Mr Tim Ebbeck will be a non‐executive director.
Mr Dutton is also Chairman of SAI Global (ASX:SAI) and previously was executive
management at Computer Associates, IBM and BEA Systems. Mr Ebbeck is Managing
Director of Oracle ANZ.

 The management team is led by ex‐Oracle and Revelian executive Mr Warwick Kirby who
heads a highly experienced team with a broad cross‐section of experience developed over
many years in a variety of global technology businesses.

 Orrex/Nvoi combined have in excess of A$3 million in funds at this time, and are
targeting a re‐compliance ASX listing in Q1 2016 with Orrex changing its name to Nvoi
Limited. Further funding to assist with the global rollout of the business will be evaluated
by the Board as the process and business develops.

Orrex Director Mr Jeremy Bond commented on the acquisition of Nvoi: “This is a very exciting
opportunity for Orrex shareholders. Nvoi ticks all the boxes of a tech start‐up. It addresses a global market, has scalability operating on one of the world’s leading PaaS platforms being Salesforce, has completed a comprehensive beta test that attracted leading corporate signups and launches live in Q1 2016.”