Well that's good that Korn Ferry, a large player in the recruitment space, are signed. LVH indicate that:
The enterprise agreement represents annualised recurring revenue (ARR) of twice the current
average ARR across LiveHire clients2, in addition to other non-recurring upfront revenue.
Sounds impressive. However, the sub-note indicates that ARR is only $27,885. So they expect Korn Kerry to double that ($55,000), giving a total ARR of $82,000. Not very high at all.
But the agreement appears to be with just an Australian client of Korn Kerry. So it looks like a trial, and if successful, would probably roll-out to other clients (but this is not mentioned).
LVH do mention that it (the agreement) signals "progression" in their strategy.
Well that's good that Korn Ferry, a large player in the...
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