Menu
Enprise kicks off capital raising to fund cloud product growth

Enprise kicks off capital raising to fund cloud product growth

“It's a new product that is exploiting the world-wide trend toward IT and telephony resellers becoming telco, utility and hosting resellers."

NZX-listed Enprise has kicked off a capital raising roadshow this week in a bid to fund rapid global growth of its new cloud billing engine and customer self-service portal, Datagate.

Enprise Group CEO Mark Loveys says Datagate has the highest growth potential of all Enprise's businesses.

“It's a new product that is exploiting the world-wide trend toward IT and telephony resellers becoming telco, utility and hosting resellers,” he says.

“The international market for this product is extraordinarily large. We plan to raide capital to accelerate Datagate sales, implementation and development.”

Loveys says Enprise has four customer sites operating live, and two undergoing final installation of Datagate.

“This year we'll look to extend our sales efforts into international markets via our SAP Business One and MYOB network relationships,” he adds.

Phil Norman, of capital markets advisory firm CM Partnerrs, has been appointed advisor to the Enprise Group board to assist with the capital raising.

Loveys says the amount of investment sought initially is low, in the order of NZ$800,000, but with an emphasis on finding investors looking to the longer term.

Enprise shares have climbed more than 19 percent this year - it listed on the NZX alternative market (NZAX) last December.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Enprise

Featured

Slideshows

Reseller News Platinum Club celebrates leading partners in 2019

Reseller News Platinum Club celebrates leading partners in 2019

The leading players of the New Zealand channel came together to celebrate a year of achievement at the annual Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months.

Reseller News Platinum Club celebrates leading partners in 2019
Reseller News hosts alumnae breakfast for Women in ICT Awards

Reseller News hosts alumnae breakfast for Women in ICT Awards

Reseller News hosted its second annual alumnae breakfast for the Women in ICT Awards in New Zealand, designed to showcase the leading female leaders in the industry. Held at The Cordis in Auckland, attendees came together to hear inspiring keynotes and panel discussions, alongside high-level networking among peers. Photos by Gino Demeer.

Reseller News hosts alumnae breakfast for Women in ICT Awards
Reseller News Innovation Awards 2019: meet the winners

Reseller News Innovation Awards 2019: meet the winners

Reseller News honoured the standout players of the New Zealand channel in front of more than 480 technology leaders in Auckland on 23 October, recognising the achievements of top partners, emerging entrants and innovative start-ups.

Reseller News Innovation Awards 2019: meet the winners
Show Comments