Archive for November, 2015

Enprise moves to a tighter focus

November 7, 2015

This has been a momentous week for Enprise Group, with the sale of Enprise Software (our SAP-aligned software development business) and getting shareholder approval to allow new investors to invest directly in to Datagate (formerly a 100% subsidiary of Enprise Group).

These changes bring about a much stronger and sharper focus to each of the current and former Enprise Group businesses.

Enprise Solutions is the only business remaining 100% within Enprise Group and it is tightly focused on selling and supporting MYOB Enterprise software solutions to mid sized businesses in New Zealand and Australia. It has nearly 1,000 customers in total across both countries and is the clear market leader in New Zealand. Enprise Solutions is a strong, growing and profitable business that gives excellent support to its customers.

Enprise Software is now part of ProjectLine, a very successful North American SAP partner that is dedicated to sales and support of SAP Business One. That puts Enprise Software into a home much more aligned with it’s core business, which is Enprise Job for SAP Business One.

Datagate Innovation is now the master of its own destiny, with its own board of directors and its own shareholder base (including Enprise Group). My own personal focus is on working with the Datagate team to make this business a winner on a global scale. Datagate is all about monetising on-line services, the Cloud, billing and customer portals – an excellent focus for building value!

Datagate gains new shareholders, new board and increased independence

November 7, 2015

Datagate Innovation Ltd

On Wednesday this week, Enprise Group held a public meeting of shareholders to approve resolutions to allow Datagate Innovation Ltd to issue up to 2.5M new $1 shares to new shareholders and to allow me (as a director of Enprise Group) to buy shares in Datagate at a pre-money valuation of $1.5M. This allows investors to invest directly in to Datagate and for Datagate to become its own more-independent vehicle.

As soon as these resolutions were passed I wasted no time in buying Datagate shares, along with two other investors. More investors will follow in buying Datagate shares in due course, bringing even more new capital in to the business.

This has changed Datagate’s shareholder composition from being 100% owned by Enprise Group to being partly owned by Enprise Group and partly owned by other shareholders (including myself). As of today, Enprise Group owns approximately 70% and other shareholders approximately 30% of Datagate. This will of course change further as other shareholders come on board.

Datagate’s board of directors currently consists of Dr. Jens Neiser as chairman (representing Enprise Group) and myself. Other directors will be added in due course.

Enprise Software sold to ProjectLine, Canada

November 5, 2015

Derin_Elliot_1

This morning Enprise Group announced the conditional sale of its SAP software business, Enprise Software to Canadian SAP partner, ProjectLine.

I see this as a very positive move that will benefit the customers and partners of Enprise Software, whilst enabling Enprise Group to consolidate its focus on its two remaining businesses, Enprise Solutions and Datagate Innovation.

ProjectLine has been a very active reseller of Enprise Software products in the Canadian market and their team has a high level of expertise in Enprise products as well as the North American SAP Business One market. Their branches across Canada put them in the right time zones to give superior support to Enprise Software partners and customers right across North America and beyond. All current Enprise Software staff members will be retained within the business and Enprise Software Inc. will be a separate entity within the ProjectLine group.

Most of Enprise Software’s partners and customers reside in North America, so will be better off by having more localised support. All of Enprise Software’s partners and customers will benefit from the bigger team now backing the Enprise products.

Derin Hildebrandt (pictured) and his team at ProjectLine are high quality professionals, with a lot of experience in the SAP Business One market. They have an excellent reputation and I’m certain that Enprise Software and its team, partners and customers are in good hands. I wish them all the best!

Elliot and Derin
Elliot Cooper and Derin Hildebrandt
Derin Hildebrandt and Mark Loveys
Derin Hildebrandt and Mark Loveys
Derin and Cathy
Cathy Masters and Derin Hildebrandt