SYDNEY: Nvoi Limited confirmed that it has completed its acquisition of the JXT business and associated key assets.
Group CEO JXT Raife Watson said, “We have already commenced driving our strategy forward, having engaged with a large proportion of the JXT customer base since the acquisition was announced. We are looking forward to providing them with market leading products and services.”
“In the short term, our aim is to move existing customers onto fixed terms contracts of up to three years to give them certainty over their own business. It also provides our business with a stable revenue stream.”
The JXT business generated $600,000 in revenue for the March quarter. The business issued invoices totalling $245,000 in May and over $250,000 for the current month to-date.
Nvoi’s expanded partnership with CareerOne, which was announced as part of the acquisition, has commenced with technical resources having been allocated tia enhancement of the JXT platform.
Nvoi Limited is a global provider of leading HR technology products that support and empower recruitment agencies and hiring teams. Our vision is to transform recruiting in Australia and across the globe by harnessing the power of technology so that businesses can focus on their own innovation and growth.