LiveTiles Limited
(ASX:LVT) will launch a new product, “LiveTiles Cloud”, in September 2016.
However, it will be first be unveiled this week at the Microsoft Worldwide Partner Conference in Toronto, Canada.
The software company says LiveTiles Cloud is a digital workplace design tool, which it will deliver via a “Software-as-a-Service model”. This means the software is centrally hosted (ie. you don’t need to install it on your computer) and it will licensed to users on a subscription basis.
The company says worldwide spending on public cloud services is forecast to grow from $70 billion USD to over $141 billion USD in 2019.
LiveTiles reported a net loss of $9.85 million at 31 December 2015.
