Enprise Group has sold the assets of its EMS-Cortex division to U.S giant Citrix Systems, in a deal that will see Citrix continue to develop the software as a key part of its global cloud computing strategy.
Citrix purchased the assets and intellectual property around the New Zealand-developed Cortex cloud control panel software. Cortex automates the provisioning and service of applications delivered via the cloud computing model.
"We're absolutely delighted with the sale, which is a huge vote of confidence in our ability to develop world-leading software," Mark Loveys said.
"This is the same software the Enprise team uses to deliver hosted software applications to Enprise customers. The Cortex sale frees me up to concentrate more on the Enprise business, which is going from strength to strength. We have some exciting initiatives planned for Enprise customers this year."
The New Zealand Government Venture Investment Fund was one of the investors in Cortex, and has seen an excellent return on its money.
"It's a great result for 'New Zealand Inc," Mark Loveys says.
EMS-Cortex is the second major international sale with which the Enprise management team has been involved. Mark Loveys and his team were the original developers of the "Exonet" business software package (now MYOB Exo); which was sold to Solution 6 in 2000.