Monday , May 29 2017
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Innovation

Wynyard loss widens company claims stock price doesn’t reflect value

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Wynyard Group, the intelligence software developer, widened its first-half loss while boosting sales 39 percent and anticipates faster revenue growth from the second half as it rolls out a new product. The Auckland-based company posted a net loss of $17.6 million, or 14 cents per share, in the six months ended …

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GeoOp to raise $2.4m in private placement to fund Australian growth

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GeoOp, the workforce management app developer, will raise $2.4 million in private placement to foreign investors, senior management and the board to help fund the company’s expansion in Australia. The Auckland-based company will sell 5 million shares at 48 cents apiece to a group of investors, with the funds raised …

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Datacom topples Spark as NZ’s biggest IT services provider

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Datacom, the privately-held IT services firm, surpassed Spark New Zealand as the country’s biggest information technology services provider, lifting annual revenue 6.3 percent in a growing footprint on both sides of the Tasman. Revenue rose to $937 million in the 12 months ended June 30 from $881 million a year …

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Pacific Edge gains US approval for Dunedin test lab

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Pacific Edge, the maker of non-invasive bladder cancer tests, has won US regulatory approval to commercially process test samples from its latest cancer detecting product at its Dunedin laboratory. Approval and registration with the US regulatory standard, Clinical Laboratory Improvement Amendments, enables the commercial use of its Cxbladder Triage test at …

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VMob shifts headquarters to the US, seeks main board NZX listing

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 VMob, the NZAX-listed mobile technology company, is shifting its headquarters to San Francisco, planning to shift from the NZAX to the main board of the NZX listing, and raising about $5 million in a private share placement. The company’s mobile marketing platform delivers personalised, location-based promotional offers to mobile phone users on behalf …

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Blis Technologies forecasts 75% gain in annual sales

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By Jonathan Underhill July 31 (BusinessDesk) – Blis Technologies, the NZX-listed biotech company, said sales will rise as much as 75 percent, helped by demand in Europe, North America and in New Zealand. Sales in the year ending March 31, 2016, are expected to “comfortably exceed $4.5 million,” chief executive Barry Richardson …

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Maori businesses more optimistic, profitable

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Maori businesses are more optimistic and recording stronger profit growth than non-Maori firms as the focus of the sector shifts from righting historical grievances to looking to the future, ANZ Bank’s 2015 Maori business report says. The ANZ Privately-Owned Business Barometer found 72 percent of Maori businesses surveyed were upbeat about the …

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Al Monro replaces Sir Peter Maire on Callaghan Innovation board

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By Fiona Rotherham July 22 (BusinessDesk) –  Al Monro has been appointed to the board of government-funded business innovation agency Callaghan Innovation, replacing Sir Peter Maire who’s stepping down after two years to focus on his business interests. Callaghan Innovation was set up in 2013 to support kiwi businesses in …

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