NZ Post sells software firm

NZ Post has sold its software support subsidiary in its latest move towards a slimmer operation as it deals with dwindling demand for its primary business.

The state-owned postal service sold the Electronic Commerce Network to Australian-based business support firm B2BE for an undisclosed sum, effective yesterday. ECN develops and supplies software for business-to-business messaging and managing supply chains.

The sale is the latest in NZ Post's growing focus on its postal, financial, and digital services. It has had to contend with a slump in demand for its mail delivery services, and has mulled whether to cut back to three days a week.