Profitable growth behind Enprise Group NSX listing

Enprise Group Limited has listed on the National Stock Exchange (NSX) of Australia under the code ENS, moving the company from being venture capital-funded to being publicly listed with over 350 shareholders.

Enprise Group CEO Mark Loveys – who was the original developer of Exonet, the forerunner of MYOB Exo – says the business strategy behind the NSX listing is to create a platform for profitable growth via acquisitions as well as organic building of the existing business units. 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-based solutions.

“Both operating divisions of Enprise are ideally positioned in growing market segments,” Mark Loveys says.

“Enprise Solutions has momentum, reputation and cloud expertise that add up to a potent force in the MYOB Exo market across the region. 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 the 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.”

Mark Loveys and Enprise Group CFO Elliot Cooper now 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 Dr Jens Neiser, and Nightingale Partners of Sydney, managed by Christian Bernecker. Mr Bernecker is chairman of Enprise Group. Jens Neiser, Mark Loveys and Elliot Cooper are directors.

Enprise staff are now shareholders in the business, along with its directors and a number of professional investors and funds.

“We have a proven team, who are all investors in the company and are now directing their full focus towards building an increasingly profitable and valuable Enprise Group,” says Mark Loveys.

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