Archive for December, 2014

Enprise listing is NZAX finale

December 4, 2014

Enprise NZAX launch

Enprise Group has the historical honour of being the last company to be listed on the NZAX board. I was only advised of this on Monday by NZX staff during our listing celebration. Apparently the NZX is not accepting any more applications for the NZAX and will instead be encouraging companies to either list on the new NXT board or the Main Board, as appropriate.

The NZX states on its web site that it “intends to continue to support companies that are listed on the NZAX market for the foreseeable future”. Enprise Group will most likely shift to the NXT market some time over the next two years.

The picture above was taken at our listing celebration on Monday and includes (from L to R) Jens Neiser (Enprise director), me, Elliot Cooper (Enprise CFO & director), Sean Joyce (our NZX sponsor) and Aaron Jenkins (NZX Head of Markets). Photo by Bruce Jarvis.

NXT Announcement

Enprise listed on the NZAX

December 1, 2014

This morning at 11am NZ time, Enprise Group was listed on the NZAX board of the New Zealand Securities Exchange (NZX). The shares opened at 32 cents, peaked at 60 cents and closed the day on 55 cents.

Enprise lists on the NZAX

Here is the speech that I gave at the listing celebration that was held at the NZX’s Auckland office;

Ladies and Gentlemen, welcome and thank you for joining us here today for this very special event in the history of Enprise Group.

Today Enprise is a small software group with big aspirations.

At this time we own three software businesses that provide world-class financial & business management solutions to medium sized businesses in New Zealand, Australia and around the world.

Today we are setting off on a new journey as a public listed company in New Zealand on the NZAX board. Previously, when we were known as Datasquirt Ltd, we were listed in Australia on the ASX board and following the sale of the Datasquirt business to LiveOps of Silicon Valley, we were briefly listed on the Australian NSX board before we delisted in October to cross the Tasman to NZAX.

We have some success stories behind us – where we created software businesses and solutions that we grew and sold to larger international companies. In all we have created value for our customers, partners, staff and shareholders.

Going forward we are in the business of creating many more business successes by utilizing the talented and creative people we have in New Zealand and Australia. Taking our software and services to the world and to our own home markets in New Zealand and Australia.

We have strong, long-standing strategic partnerships with global powerhouses; MYOB, SAP and Microsoft. We have exciting new Cloud and mobile software solutions lined up for 2015. Watch this space.

We have a talented team of software professionals in which we will continue to invest in and grow. We will be looking for new software businesses, new people and new opportunities that leverage the powerful partnerships and global channels to market that Enprise Group has today.

Today we are but a small software group, but we have big aspirations and a vision for the future. We are looking for long-term investors to join us on this new journey. Today is a great time to get on board.

This is a compliance listing with the NZAX, which means that Enprise is not issuing new shares to the market at this time. Thus we offer an opportunity for all existing Enprise Group shareholders to trade their shares and for New Zealand investors to join us on our way into a prosperous future.

I can tell you that I am not selling any of my Enprise shares and have no intention to sell for the foreseeable future.

Thank you again for joining us on this auspicious occasion.

We now count down to the listing…