Enprise Group has listed on the NZAX board of the New Zealand Securities Exchange (NZX) under the code ENS. Shares opened at 32 cents, peaked at 60 cents and closed the day on 55 cents.
The 1 December stock exchange listing offers an opportunity for all existing Enprise Group shareholders to trade their shares and for New Zealand investors to become shareholders in Enprise Group. Enprise Group CEO Mark Loveys gave a speech at the listing celebration held at the NZX’s Auckland office, in which he described Enprise as ‘a small software group with big aspirations’.
“At this time we own three software businesses that provide world-class financial and business management solutions to medium sized businesses in New Zealand, Australia and around the world,” he says.
“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 utilising 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.”
Mark Loveys was the original developer of the Exonet ERP business software solution, now called MYOB EXO. MYOB EXO is the most widely installed business software among mid-sized companies across Australia and New Zealand. Other high profile achievements include the development and sale of the EMS Cortex cloud ‘provisioning’ software, sold to Citrix in February 2011 for a reported $18 million. Loveys was also a co-founder and major shareholder in Datasquirt, an innovative call centre software product sold to Californian call centre provider LiveOps for $16.4 million in November 2011. The cashed up Datasquirt shell became a vehicle for Enprise Group to list on the NSX.
“Enprise Group has strong, long-standing strategic partnerships with global powerhouses MYOB, SAP and Microsoft,” Mark Loveys said in his listing celebration speech.
“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.”
About Enprise Group
Listed on the New Zealand Stock Exchange’s NZX Alternative Market (NZAX) on 1 December 2014, Enprise Group (ENS) has three operating divisions: Enprise Solutions, Enprise Software and Datagate Innovation Ltd.
Enprise Solutions is a leading specialist provider of solutions based on the MYOB EXO software platform. It supports more than 700 MYOB EXO customers across Australia and New Zealand, and provides specialist high level support to a growing number of MYOB resellers. Enprise Solutions is a certified MYOB EXO customisation and development partner.
Enprise Software is an international SAP Business One software development partner. Enprise Software develops, sells and supports a suite of award winning add-on modules for the SAP Business One business software platform through a global reseller channel. Enprise Software’s flagship add-on module ‘Enprise Job’ is now in use by more than 300 SAP Business One customers around the world. Other high-demand SAP Business One add-on modules from Enprise Software include: Enprise Rent, Enprise Service and Enprise ImportGL.
Datagate Innovation Ltd is a cloud software development company specialising in online reporting and billing portals for telcos, utility companies and hosted service providers. It is unique in the sector because it provides complete working solutions, where competitors simply sell software. Datagate’s delivery of complete customised solutions removes risk for purchasers. Datagate will integrate with many accounting software applications – Accredo, MYOB, Xero, Pronto, SAP etc. It continues to widen these integration options.