As released to ASX on 27 February 2018

Key highlights:

  • Gooroo executes 3 year deal with Randstad as pilot program completes
  • Randstad will use Gooroo technology across its Consulting divisions
  • Randstad has been approved to resell Gooroo licences to customers, further increasing Gooroo’s footprint and distribution

The Board of Gooroo Ventures Limited (“Gooroo” or “the Company”) are pleased to confirm that it has signed a three (3) year agreement with global HR Services & Recruiting leader, Randstad.

Randstad is considered one of this country’s leading HR services firms, placing thousands of staff and advising hundreds of business organisations each year.

Randstad intends to begin to rollout immediately across Randstad’s Consulting and HR Technology Solutions, with a progressive adoption across its recruitment business. Randstad teams will be trained and accredited by Gooroo.

While the terms of the agreement will remain confidential, Randstad will reimburse Gooroo each month for the number of people assessed during that period. Per person rates will be negotiated between the parties on a case-by-case basis for large volume transactions. 

Randstad has also been accepted as a reseller partner and will earn ongoing rebates based on licences sold to their clients and consumption levels within each client account. The objective is that Gooroo is a net contributor to Randstad’s earnings.

Comments from Frank Ribuot, CEO Randstad (ANZ, South-East Asia & India)
“Gooroo has demonstrated to us that their technology is at the leading edge. We are excited about bringing this capability to our customers as they prepare themselves for the future of work. We are very much looking forward to working with the Gooroo team to push our innovation agenda and help us deliver market-leading services that will grow our business and that of our clients.”

Comments from Malcolm Peak, National Director HR Consulting, Randstad
“We’re extremely impressed with the Gooroo platform and although we still have a lot to learn about its potential, we can already see considerable benefit for our customers and our own business. The depth, breadth and accuracy of insight that Gooroo is able to generate (about individuals and teams) in just a few minutes is genuinely surprising and market-leading, We use a range of tools and services to support clients and Gooroo’s insight and ease of use will help us further differentiate our offering and directly support our growth strategy.”

Comments from Greg Muller, Founder & CEO, Gooroo
“The ability to secure a market leading firm like Randstad is both exciting and humbling. This deal represents an important strategic step in Gooroo’s commercialisation journey and considering the scale of the Randstad operations, both locally and globally, we are enthused about where this will take Gooroo.”

-ENDS-

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