Archive for November, 2014

Why Enprise is listing on the NZAX

November 21, 2014

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.

Enprise’s team has a long history in building business value

November 18, 2014

Enprise Group and its team have a strong track record in building valuable businesses. Here are some high-profile, high-value businesses that form part of Enprise’s value-creation history.

PC Direct

PC Direct (1989–1998)
PC Direct manufactured, distributed and supported personal computers under its own brand in New Zealand. Its sales channel was the direct, phone-based, channel by-passing the reseller network. Growth of PC Direct to become the #1 reseller of desktop computers in New Zealand was leveraged off the company’s integrated system – linking design, inventory, production, sales, despatch, service and accounting. The systems developed by PC Direct provided one of the company’s main competitive advantages.
Enprise CEO Mark Loveys, Enprise CFO Elliot Cooper and Enprise Datagate COO Steve Southon were all members of the executive management team of PC Direct and all made significant contributions to building the automated systems of the business.
Business sold in 1996 for NZ$ 27M


Exonet (1998-2000)
Exonet was an ERP software company founded by Mark Loveys, Maurice Bryham and David McKee Wright that developed the Exonet suite of business software that is the top-selling mid-market ERP in Australia and New Zealand, owned by MYOB and known as MYOB EXO. Enprise Solutions is the top reseller of MYOB EXO in New Zealand with sales offices in Auckland, Hamilton, Wellington, Sydney and Melbourne.
Enprise CEO Mark Loveys was a founder and original developer of Exonet. Enprise CFO Elliot Cooper was CFO and a product designer. Enprise Datagate COO Steve Southon was Development Manager.
Business sold in 2000 for A$ 30M


Datasquirt (2000-2011)
Datasquirt was a Cloud software company that developed a non-voice multi-channel messaging solution for corporate contact centres. Datasquirt floated on the ASX in 2007 and had offices in Auckland, Sydney and London. The business was sold in 2011 and the remaining listed shell acquired the Enprise businesses, renaming itself to Enprise Group Ltd.
Enprise CEO Mark Loveys was a founder and original developer of Datasquirt. Enprise CFO Elliot Cooper joined as CFO. Enprise directors Lindsay Philips and Jens Neiser were directors and investors in Datasquirt.
Business sold in 2011 for US$ 12.5M

EMS Cortex

EMS Cortex (2006-2011)
EMS Cortex was a Cloud software company that was acquired by Enprise in 2006 for NZ$ 2.52M as part of an investment in Enprise by TMT Ventures. EMS Cortex created a Cloud Control Panel for provisioning Cloud Software. Key customers were Telecom NZ, Telus of Canada, Melbourne IT and other major Telcos & Hosting Companies around the world
Enprise CEO Mark Loveys and Enprise CFO Elliot Cooper were CEO and CFO respectively, while EMS Cortex was a division of Enprise.
Business sold in 2011 for US$ 11.5M

The Future
Today our focus is on building the businesses of Enprise Group, which are Enprise Solutions, Enprise Software and Datagate Innovation.

Enprise Group Ltd will be listed on the NZAX stock exchange under the code “ENS” from Monday 1st December 2014.