Enprise Group reports strong revenue growth

Enprise Group is a public company listed on New Zealand’s NZAX stock exchange with the code ENS.
1
14 June 2018
Enprise Group reports strong revenue growth

AUCKLAND, 14 June, 2018. Hi-tech software and services investment
company Enprise Group (NZAX: ENS) today reported that revenue for the
full-year to 31 March 2018 grew by 7.25% to $8.95 million for the core
business. During the period Enprise also took a 47.09% stake in Australia’s
largest MYOB enterprise reseller: Kilimanjaro Consulting.

The investment in Kilimanjaro Consulting has given Enprise Group a leadership
position across the region in both MYOB Exo and MYOB Advanced. Enprise Group
CEO Elliot Cooper noted that “Business synergies are now starting to flow from
sharing cloud technologies, marketing and consulting resources across Enprise
Solutions and Kilimanjaro Consulting.”

During the period, Enprise also grew its investments in companies offering
complementary software solutions by adding positions in iSell and Vadacom to
Enprise’s investment in Datagate.

“Enprise is gaining traction in leveraging the customer databases of the investee
companies, including Datagate, iSell and Vadacom, for the benefit of all the
companies in the Group. We expect more growth, and more profitable growth, as a
result of this strategy,” Mr Cooper says.

Australian revenue in Enprise’s core operating business grew 8.6% to $1.95
million and New Zealand revenue grew 7.7% to $6.97 million. Profitability from
continuing operations was virtually unchanged at $814,000. Net tangible assets
per ENS share increased 42% to 21 cents per share, after paying 4.5 cents per
share in dividends during the period.

At 31 March 2018 cash at bank was $1,235,000 (2017 $752,000). Net profit after
tax for the period was $101,000, compared to $657,000 last year. This result
incorporates Enprise’s share of loses in Datagate and Kilimanjaro Consulting. The
loss from Datagate reflects its continued push into new markets having recently
secured its first customers in the United Kingdom and United States. The
performance of Kilimanjaro Consulting for the period is largely a result of the
timing of Enprise’s investment.

“Kilimanjaro Consulting’s loss for the period to 31 March 2018 reflects the
seasonality of its contracted revenue and is in keeping with its performance in
prior years. With a large number of renewals due to close before the end of the 30
June Australian financial year, we are expecting a strong start to the New Zealand
financial year from Kilimanjaro Consulting,” Elliot Cooper says.

Enprise Group is a public company listed on New Zealand’s NZAX stock exchange with the code ENS.
2

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. Datagate Innovation provides online billing and reporting
solutions for businesses that bill according to subscription or usage. Kilimanjaro
Consulting is Australia’s largest implementer of MYOB’s enterprise-level business
management solutions. iSell is a primary provider of business systems to the IT
Reseller market. Vadacom specialises in cloud 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 +649 307 8450 email
caros@noble.co.nz