My InsideMarket Private Fund owns shares in CVCheck and Xref at the time of publishing this post, however, we accept no payment from any of the companies we cover. More on disclosure at end of post.
Rod Sherwood, CEO of CVCheck says there are many hundreds of potential new clients in front of CVCheck as a result of the Xref strategic alliance announced yesterday.
CV Check Limited [ASX:CV1] is an online screening and verification company, and Xref [ASX:XF1] is a human resources technology company which provides automated reference checking software.
Both companies are in the expansion phase of their journey and are increasingly looking overseas for growth.
However, this latest deal will see them initially offer a joint candidate verification solution across Australia and New Zealand.
According to the announcements, the alliance will create reciprocal opportunities for both CVCheck through other in-house integrations and and see a joint go-to-market strategy to ensure an aligned sales approach to existing customers of both companies. This process will begin as soon as next week.
I caught up with Rod Sherwood a short time ago.
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