Enprise Group Limited Analysis

Overview

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 companies Enprise Solutions and Kilimanjaro Consulting, subsidiary iSell, joint venture Datagate Innovation, and a holding in Vadacom.

Enprise Solutions. Enprise Solutions is a cloud business software company that is New Zealand’s number one provider of solutions based on the MYOB Advanced and MYOB Exo software platforms. MORE ABOUT ENPRISE SOLUTIONS

Kilimanjaro Consulting. Kilimanjaro Consulting is Australia’s number one implementer of MYOB’s enterprise-level business management solutions. MORE ABOUT KILIMANJARO CONSULTING

iSell. 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. MORE ABOUT iSELL

Datagate Innovation. Datagate Innovation provides SaaS Telecom Billing for IT Managed Service Providers. Datagate enables MSPs to automate the rating and billing of all telecommunications services. MORE ABOUT DATAGATE INNOVATION

Vadacom Limited. Vadacom specialises in phone system software development and unified communications solutions for Australian and New Zealand businesses. MORE ABOUT VADACOM

Enprise Group strategy: A platform for profitable growth

The business strategy behind the Enprise Group's listing on the NZX is to create a platform for profitable growth through acquisitions as well as organic growth in existing business divisions.

Major areas of focus are on providing business solutions via the cloud; extending Enprise Solutions' and Kilimanjaro Consulting's network of branches across Australia and New Zealand; building a strong CRM practice based on Microsoft and MYOB offerings; and providing customised online reporting and billing portals for telecom, utility companies and hosted service providers.

Enprise Group's strategy for its investments is to unlock mutual synergies to accelerate growth for all. 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. The Kilimanjaro acquisition better utilises the cloud skills and infrastructure resources already deployed by Enprise Solutions.

These interlocking characteristics are a hallmark of Enprise Group’s wider growth strategy.

Performance

The following information was extracted from Enprise Group Limited's half year report, released 27 February 2025

The Directors are pleased to present the half-year results for Enprise Group for the period ending 31 December 2024.

The Group has delivered Total Comprehensive Income of $0.126m, up from a $0.860m loss in the previous corresponding period (unaudited). This is a very pleasing result given the economic headwinds in both New Zealand and Australia.

Revenue for the period increased to $12,517m from $10,328m YoY or 21.2% as a result of positive sales performance across the Group, in particular Kilimanjaro – the largest entity. The Group balance sheet strengthened, continuing the trend from the FY24 performance.