Datagate attracts new investors and new director

Datagate Innovation Limited has signed up two new shareholders – Ice Angels Nominees Ltd and NZVIF Investments Ltd – as well as gaining a highly respected non-executive director in BankLink founder Malcolm MacDonald.

The new shareholders have invested a total of $569,000 of new capital into Datagate, bringing the total capital raised in Datagate’s current investment round up to $1,219,429 so far.

The investors were led by Malcolm MacDonald, a successful IT entrepreneur. Malcolm was a founder of BankLink, a major New Zealand-based accounting software firm sold to MYOB in 2013 for $139M.

Malcolm joins the current Datagate board, consisting of Dr Jens Neiser (representing NZAX-listed Enprise Group Ltd) and Datagate CEO Mark Loveys.

“I am extremely pleased to be working with Malcolm and Jens as fellow directors, who are both very knowledgeable, experienced and successful individuals in their own right,” Mark Loveys says.

“I am also delighted to have the Ice Angels and NZVIF join Datagate as investors. The Ice Angels’ members have already been very helpful to Datagate and myself with strategic advice and valuable introductions.”

Datagate is expecting to be able to announce further new investors within this round, in the very near future, Mark Loveys says.

About Datagate Innovation Ltd

Datagate provides online billing and reporting portals for businesses that bill according to subscription or usage. It manages the data aggregation, rating, billing and analysis of service usage.

Datagate opens up new revenue opportunities for Telcos, Utilities, Retailers and Managed Service Providers by allowing them to sell, price and invoice their customers for a wide range of services, from hosting to broadband to SIP trunks to cell phones to service charges to electricity to gas, all on a common bill under their own branding.

Datagate has a powerful “white label” customer portal that lets the service provider and their end-customers log in, view and analyse their consumption data, as well as view and pay their bills.

Datagate is majority owned by Enprise Group (NZAX: ENS) with the balance privately held

2019-04-30T06:06:31+00:00December 7th, 2015|Investor News, Datagate Announcements|