Monday, 19 February 2018

Announcement

GENERAL: ENS: Enprise Group raises $1.4m, takes iSell stake

20 Dec 2017 08:30NZX
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."

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
End CA:00312177 For:ENS    Type:GENERAL    Time:2017-12-20 08:30:12
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Enprise Group Limited Ordinary Shares
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