Enprise Group raises $1.4m, takes iSell stake

Enprise Group is a public company listed on New Zealand’s NZAX stock exchange with the code ENS.
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20 December 2017
Enprise Group raises $1.4m, takes iSell stake

AUCKLAND, 20 December, 2017 - Enprise Group (NZAX: ENS) has raised $1.4
million in new equity and paid AUD $673,420 for a 14.6% holding in cloud
quoting company iSell.

In November 2017 Enprise Group announced a capital raise in the form of a
rights issue. Its purpose was to repay debt incurred for the acquisition of 47% of
Kilimanjaro Consulting Pty Limited and provide for future growth. The 1 for 10
non-renounceable rights issue at $1.39 closed fully subscribed on 30 November
with 852,664 new shares issued raising $1,185,203 in new equity.

Also in November 2017, a staff share scheme offered Enprise staff private
placements of new shares at $1.39. This closed on 8 December with 165,753
new shares issued, raising NZD $233,133 in further new equity.

In total Enprise Group raised $1,415,600 and has 9,545,062 shares on issue.

On 19 December Enprise Group paid AUD $673,420 for a 14.6% holding in
iSell, a cloud-based quoting system used by the IT reseller market in Australia,
New Zealand and the U.K. The IT reseller market uses iSell to generate
customer quotes for over 4.5 million products from more than 2000 vendors.

On 30 November 2017 Enprise Group paid NZD $223,737 for a 6.49% holding
in Vadacom, a cloud based VOIP phone and virtual PABX provider.

Enprise Group is now invested in five businesses – the wholly owned Enprise
Solutions, joint ventures Datagate Innovation and Kilimanjaro Consulting, and
holdings in iSell and Vadacom.

Enprise Group CEO Elliot Cooper says Enprise Group is growing its identity as
an investment vehicle for high-growth tech companies that complement its core
ERP capability.

“Our strategy for these investments is to unlock mutual synergies to accelerate
growth for all,” he says.

“Vadacom and Enprise Solutions share a significant number of customers and
have a similar target market. Datagate and iSell both target the same Managed
Service Provider market and can link their sales and marketing functions to give
each other sales introductions. Our Kilimanjaro acquisition better utilises the
cloud skills and infrastructure resources already deployed by Enprise. These
interlocking characteristics are a hallmark of Enprise Group’s wider growth
strategy.”

Enprise Group is a public company listed on New Zealand’s NZAX stock exchange with the code ENS.
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About Enprise Group
Listed on the New Zealand Stock Exchange Alternative Market (NZAX) on 1 December
2014, Enprise Group (ENS) is an investment vehicle for high-growth tech companies
that complement its core ERP capability. Enprise Group is invested in five businesses
– the wholly owned Enprise Solutions, joint ventures Datagate Innovation and
Kilimanjaro Consulting, and holdings in iSell and Vadacom.

Enprise Solutions is a cloud business software company that is the leading trans-
Tasman provider of solutions based on the MYOB EXO and MYOB Advanced software
platforms. Enprise Solutions offers cloud options for every piece of software it sells,
including a broad range of companion products to extend the power of the MYOB
Advanced and MYOB EXO platforms. The company supports around 750 MYOB EXO
and MYOB Advanced customers across Australia and New Zealand.

Datagate Innovation provides online billing and reporting solutions for businesses that
bill according to subscription or usage. Datagate opens up new recurring revenue
opportunities for Telco’s, Utilities, Retailers and Managed Service Providers by
allowing them to sell, price and invoice their customers for a wide range of services –
including phone, internet, electricity and software – all on a single invoice under their
own branding.

Kilimanjaro Consulting is Australia’s largest implementer of MYOB’s enterprise-level
business management solutions. It services clients in a range of industries in Australia,
New Zealand and the Asia Pacific region.

iSell is a primary provider of business systems to the IT Reseller market. iSell
databases contain over 4.5 million products representing more than 2000 vendors
available from 100+ distributors. The products are sent automatically to hundreds of IT
Resellers daily, across Australia, New Zealand & UK.

Vadacom specialises in phone system software development and unified
communications solutions for Australian and New Zealand businesses.


Ends.


Released by Sayle Noble & Associates on behalf of Enprise Group. For
more information please contact Enprise Group CEO Elliot Cooper tel
+649 829 5500 email elliotc@enprisegroup.com; or Caroline Sayle tel
+6421 427 404 email caros@noble.co.nz