Software firm Enprise set for NZAX debut

Mark Loveys, chief executive of Enprise Group, in his Penrose, Auckland, office. New Zealand Herald Photograph by Jason Oxenham.

Software company Enprise Group will list on the NZX's alternative market on December 1, according to a notice published on the stock exchange's website.

The Auckland-based firm provides support to users and resellers of MYOB's EXO accounting software platform.

It also develops and sells software "add-on modules" for tech giant SAP's Business One platform and provides cloud-based billing and reporting services for telecommunication firms and utilities, according to its website.

Chief executive Mark Loveys could not be reached for comment on the NZAX-listing.

Enprise topped the list of TIN100+ companies - those too small for the main TIN100 annual list of New Zealand technology firms - this year.

It reported revenue of $6.6 million for the 12 months to March 31 this year, up from $2.5 million a year earlier, according to financial statements lodged with the Companies Office.

The company posted a $231,000 loss in the 2014 financial year, down from a $473,000 loss in the previous year, the statements said.

Loveys, who was one half of the 1980s Kiwi pop duo Satellite Spies, told the Business Herald in October the company's New Zealand sales had been "sky-rocketing".

The firm also has customers in Australia, North America, South Africa and Britain.

Enprise, which is listed on Australia's NSX market, has offices in Auckland, Hamilton, Wellington, Sydney and Melbourne.

Loveys and Enprise chief financial officer Elliot Cooper hold a roughly 30 per cent stake in the company, according to its website.

Other shareholders include Neiser Capital Investment and Sydney-based Nightingale Partners.