Archive for the 'NZAX' Category

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!

Enprise’s rapid growth in 2015 starts now

February 10, 2015

This week Enprise has announced a three-part initiative to kick this year off to a strong start. With an acquisition, a brand new Cloud ERP and a share purchase plan, we’re putting new products, improved customer service and business expansion firmly on the 2015 agenda.

GlobalBizpro_logo

Firstly; Enprise has acquired the MYOB practice of GlobalBizpro, formerly our primary competitor in the New Zealand MYOB EXO market and formerly the second largest New Zealand based MYOB EXO reseller, after us. This acquisition adds a further 142 MYOB EXO customers to our New Zealand client base and around $1.6M to our top-line revenue, including around $762K of contracted recurring revenue per annum.

We welcome the GlobalBizpro team members into our team, giving us a larger pool of qualified and experienced ERP professionals to give “Gold Standard” service and support to our ever-expanding customer base.

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Secondly; our increased scale as an MYOB Enterprise partner (the largest in New Zealand and the only MYOB Enterprise partner with branches on both sides of the Tasman), places us well to be the leading sales partner for the newly announced “MYOB Advanced” Cloud ERP platform.

The Cloud is a major driver of business IT innovation and investment. MYOB Advanced has everything going for it to become the dominant mid-market Cloud ERP for New Zealand and Australia – because it is a brand new (yet well proven in America) Cloud ERP, using the latest technology, from Australasia’s largest and leading business software vendor.

I see this as a very exciting and significant new offering and addition to our business in both New Zealand and Australia.

EnpriseLogo

Thirdly; we are launching a Share Purchase Plan (SPP) offering all Enprise Group shareholders as at 20th February 2015 the opportunity to buy up to 30,000 ENS shares at 50 cents each.

This offer enables shareholders to participate further in Enprise Group’s growth and value creation strategies. It also strengthens our balance sheet and increases our cash reserves to fund ongoing expansion activities, including investment in MYOB Advanced Cloud ERP capabilities as well as the GlobalBizpro and other acquisitions.

All four of the company’s directors, including myself, will be buying shares in the SPP, either directly or indirectly.

New products, improved customer service and business expansion are firmly on our 2015 agenda. This is where it starts.

Enprise acquires MYOB partner, GlobalBizpro

February 9, 2015

GlobalBizpro_logo

Today Enprise Group announced its acquisition of the MYOB practice of New Zealand software services company, Global Bizpro Ltd. The deal brings together two top MYOB Enterprise partners to form a combined business with around 850 mid-market business customers and by far the largest team of qualified MYOB consultants in New Zealand, with branches in Auckland, Hamilton, Wellington, Sydney and Melbourne.

From a customer perspective the deal continues our strategy to grow our business by striving to deliver the very best customer service and support for MYOB EXO customers across Australia and New Zealand – “The Gold Standard in MYOB EXO service”. The Global Bizpro acquisition adds scale and further depth of expertise to the Enprise team and improves our ability to give exceptionally good service and support to our customers.

The additional scale and resources are also important as we ramp up to support MYOB’s powerful new mid-market Cloud ERP software “MYOB Advanced”. I predict that MYOB Advanced will take the New Zealand and Australian ERP market by storm this year.

MYOB EXO is the leading business software solution used by mid-sized companies and organizations across New Zealand and Australia. MYOB EXO is a client server, on-premise solution which is still the preference of many businesses.

Other businesses are looking for a Cloud solution. MYOB Advanced is a very powerful and sophisticated Cloud offering. It leapfrogs existing Cloud competitors and we already have a number of new customers who are ready to go with MYOB Advanced.

Accordingly we have invested considerably in upskilling to provide the same levels of support for MYOB Advanced as we do for MYOB EXO. We see a strong future for both MYOB products.

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…