Enprise Group will list on the NZAX board on Monday 1st December 2014 under the code “ENS”.
Our reasons for choosing to list in New Zealand are as follows;
Our team at Enprise has a strong history of building successful software businesses that have been sold to larger multinational companies and thereby produced good returns to New Zealand investors. Each of these businesses has been based in New Zealand and all but one has predominantly sold its products overseas and within New Zealand.
Now that Enprise has proven its ability to build successful software businesses and return significant value to shareholders by exiting those businesses, we are about to embark on a new chapter of our evolution, which is to build a public New Zealand-based company which becomes a large profitable technology group that will return long-term value to its shareholders, staff and customers.
The “New Enprise” will be a cash earner, not a cash burner. We hope to attract investors with a long-term view, rather than speculators who look to the short term. We will be looking to grow our business by acquiring businesses that add value to our group and strategically align with our existing businesses.
Enprise Group is a platform for growing global software businesses. That platform already includes strong international partnerships with software giants SAP and MYOB, as well as a channel of nearly one hundred accounting software re-sellers who sell or have sold Enprise products, throughout North America, Australasia, Africa and the UK. Enprise already has a trusted brand around the world with it’s own SME-focused re-seller channel.
As an example of Enprise’s M&A strategy; Enprise Group recently acquired Datagate Innovation which is an early-stage start-up that has built a Cloud-based multi-tenanted billing and analytic portal for Telco and Utility companies. There is huge demand for that product in New Zealand and Datagate already has a queue of local clients waiting, as well as a strategic relationship with a major New Zealand Telco. Our strategy is to prove the business model in New Zealand, establish a base of reference clients – and then take the product to the world, leveraging our international base of partners. This is a strategy similar to what Enprise followed previously with EMS-Cortex, which successfully grew its international base of Telco customers before being sold to Citrix Corporation.
When I invest, I invest predominantly in people – and I base that on their track records. I encourage potential investors to research the track record of Enprise Group and compare what was achieved in the past with what we are aiming to do in the future. We are looking to build our base of long-term investors to join us on this journey.
That is why Enprise is listing on the NZAX on Monday 1st December.
Mark Loveys 