1-PAGE LIMITED

1-Page Limited

ASX Category: Software & Services

Description

1-Page is a software company specialising in assisting human resource departments and personal in finding the best candidates for their available positions. 1-Page was started in 2011 in San Francisco and is the only silicon valley company to be listed on the Australia Stock Exchange (ASX).

The company was able to succeed in raising 3 million US dollars from venture capital firms in 2012 and went public on the ASX in October 2014. Shortly after becoming a public company, 1-Page acquired BranchOut, a social networking service built on the Facebook platform which had previously acquired millions of users and almost $50 million USD in funding. Unfortunately, the app lost traction due to a modification in the Facebook application terms which limits the ability of apps to 'go viral'.

1-Page was founded by Joanna Riley who's father had written a book called 'The One-Page Proposal'. The book was about how to write a powerful and compelling one page business proposals.

The core product offering is '1-Page Source', the software uses AI and industry best practices to simplify talent procurement reducing the workload for HR staff. The software claims to deliver highly relevant and comprehensive professional profiles of prospective staff. These profiles have detailed contact information included and a map of current social connections to your existing staff.

A newer product '1-Page Propose' is essentially a 'pitch management' solution that can be used to land a great job, close a deal, gain a promotion, inspire a local initiative or propose a new business partnership. This is the software that is based on Joanna Riley's father's book. This application focuses on a proven formula for creating an effective proposal and then allows for real-time feedback from the reader. It provides a work-flow to manage your proposals such as separation of drafts and published proposals.

1-Page shares have performed poorly on the ASX, losing most of their value. After a brief resurgence in late 2015 where they almost rose to their original value, they have since sunk down again to previously low levels of value.