Enprise Group will list on the National Stock Exchange of Australia today.
The listing, under the code ENS, moves the company from being venture capital funded to being publicly listed with more than 350 shareholders.
Enprise CEO Mark Loveys says the business strategy behind the listing is to create a platform for profitable growth via acquisitions as well as organic building of the two existing business units.
Loveys was the developer of Exonet, the forerunner of MYOB EXO. He says key areas of activity are providing MYOB EXO via the cloud, extending Enprise’s network of branches across Australia and New Zealand, and adding mobility, cloud and big data computing capability to its own suite of globally marketed SAP Business One solutions.
“Enprise Solutions has momentum, reputation and cloud expertise that add up to a potent force in the MYOB EXO market across the region,” Loveys says. “Enprise Software has strong international growth prospects, continuing to develop add-on software for SAP Business One.
“We plan to expand our range of innovative business software products and extend our international coverage for all areas of business.
“We are in the process of establishing new offices in the key centres of Australia, and recruiting reseller partners in regions beyond our present sales channel of North America, Australasia, South Africa and the UK.”
Loveys and Enprise Group CEO Elliot Cooper hold around 30 percent of the share capital of Enprise Group. Other significant investors include Neiser Capital Investment Fund (managed by former Boston Consulting Group partner Jens Neiser) and Nightingale Partners of Sydney, managed by Christian Bernecker, who is chairman of Enprise Group. Neiser, Loveys and Cooper are directors.
Enprise staff are also shareholders in the business, along with several professional investors and funds.