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ENS participates in Datagate convertible note issue

Operational Update18 January 2022ENSInformation Technology

19 January 2022

Enprise Group participates in Datagate convertible

note issue


AUCKLAND, 19 January 2022 - Enprise Group (NZX: ENS) has paid NZ$500,000

to participate in a Datagate Convertible Note issue.


Enprise Group participated in a convertible note issue for Datagate, which raised

NZ$1,550,000, being the maximum allowed. The purpose of the convertible note is

to enable continued growth while seeking a strategic North American investor. As at

31 December 2021, Datagate had annual recurring revenues (ARR) of $2.07 million

which represented annual growth of 65%. The ARR growth in North America for

2021 was 116%. Datagate is a cloud telecommunications billing solution for

managed service providers (MSPs).




Elliot Cooper

Chief Executive Officer

Enprise Group Limited

0275615501


Ends.

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