The latest in entrepreneurial technology news for Kiwis
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Enprise ekes out small annual profit in drive to grow NZ market
Accounting software reseller Enprise Group posted an annual profit in its first filing on the NZAX as it places greater emphasis on the NZ market.
Punakaiki first fund to do NZ equity crowdfunding; raises $660,000 on debut
Tech investor Lance Wiggs' Punakaiki Fund has launched the first equity crowdfunding campaign for a private equity fund in New Zealand.
VMob widens annual loss as sales surge on global customers
VMob, the NZAX-listed mobile voucher developer, widened its annual loss as it forgoes profit and chases sales growth through key global customers.
GeoOp widens annual loss as it chases US customers
GeoOp, the workforce management app, widened its annual loss as it invests in product development and adding new customers.
Adams targets UFB land access, power line use in proposed law change
Amy Adams wants to reduce consenting delays affecting an estimated 15 percent of households in the government-sponsored UFB roll out.
Wynyard seeks $45 million in placement, share purchase plan to fund growth
Wynyard Group wants to raise $45 million in a discounted share offer to fund more staff and product development as it chases global growth.
Kim Dotcom gets interim reprieve from asset seizure
Kim Dotcom and his fellow Megaupload co-accused Bram van der Kolk have won a reprieve from having assets seized by the Crown and passed onto the US.
NZ govt gives up chasing NextWindow R&D grants
The government has given up on trying to claw back $3.9 million in research and development grants paid to failed touchscreen developer NextWindow.
Seven startups gain repayable government grants totalling $3.15 million
“We’re positioning New Zealand technology ventures to be on a more even footing with overseas ventures."
Spark plans $100 million share buyback to gear up balance sheet
The buyback aims to return Spark's gearing to a more appropriate level after the sale of Telecom Rentals and its share of Telecom Cook Islands.
Changes ahead as Sky TV announces new developments
Sky outlined three key developments; its partnership with Vodafone, Neon service and online access for certain sporting events.
Orion Health reports $61M full-year loss, beats prospectus on recurring revenue
Healthcare system software developer Orion Health reported a $60.8 million loss in line with its strategy to grow revenues before becoming profitable.
Chorus says RMA fix needed as fibre rollout stumbles
Chorus has called on the government to enact changes to the Resource Management Act to speed fibre rollout
2degrees posts reduced loss of $33.6 mln, will launch UFB bundled offer soon
Two Degrees is still burning cash but has once again reduced its financial losses, recording a $33.6 million net loss for calendar 2014.
Jade Software narrows FY loss as Master Terminal unit growth beats expectations
Jade Software narrowed its annual loss as revenue at its Master Terminal port management software grew at a faster pace than expected.
Rakon back to profit
Auckland-based high-tech manufacturer Rakon returns to profitability, while doubling debt, after restructure.
Mega's legal guns shoot down claims of 'content theft'
Mega, which arose from the ashes of Kim Dotcom's Megaupload empire, has rebutted claims it operates as a 'cyberlocker' profiting from "content theft'.
NZ retail sales rise a record 2.7% in 1Q as back-to-school drives electronic goods
NZd retail sales rose at a record pace in the first three months of 2015 as the start of the school year underpinned demand for consumer electronics.
NZ spending on credit, debit cards slips in April
"Today's numbers were weaker than expected and suggest that some of the super-strong growth in spending in the March quarter was a one-off."
Warehouse posts 5% gain in 3rd-qtr sales, says FY profit on track
Warehouse Group posted a 5% gain in 3rd quarter sales which it said was in line with its expectations and meant it was on track to meet annual profit.
Kim Dotcom's Mega deal falls through
"The share sale deed entered into between TRS and the Mega shareholders will terminate, and the proposed acquisition of Mega will not proceed."
Warehouse may offer $125M of 5-year fixed-rate bonds
The retailer may sell as much as $125 million of five-year bonds to refinance $100 million of bonds maturing next month.
Xero changes recruitment tactics as unsuitable US head, CFO depart, Drury says
Xero boss Rod Drury says the accounting software developer has changed its tactics for hiring senior executives after the departure of a US chief exec
Xero shares extend decline, as investors digest FY, US CFO departure
Shares of cloud-based accounting software firm Xero have dropped to the lowest level as investors digest sudden departure of another US-based exec