Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Hot Result For Icehouse Member


Hot Result For Icehouse Member

The CEO of New Zealand’s leading business incubator for high tech companies – The Icehouse – today praised the success of The Synapse Group in securing significant investment from New Zealand Post.

Icehouse CEO, Andrew Hamilton, says innovative systems and software development company, The Synapse Group, has been a member of The Icehouse since December 2001 and has proven its worth.

“Icehouse members must demonstrate potential as entrepreneurial ventures with high growth prospects,” says Mr Hamilton.

“The Synapse Group is a high quality company. We always expected Synapse to attract interest from investors. New Zealand Post’s willingness to invest in Synapse reinforces the calibre of the up-and-coming companies who are part of the Icehouse stable.”

The recently announced venture capital deal sees New Zealand Post acquire a 30 per cent shareholding in The Synapse Group.

Synapse Managing Director, Mark Loveard, says he is delighted with the most recent success of his company, and considers the support from The Icehouse to be a contributing factor.

“The Icehouse recognises and nurtures talent for embryonic New Zealand companies exhibiting real growth potential,” he says. “You simply can’t put a value on such an endorsement from The Icehouse and its partners.”

Since April 2001, The Synapse Group has developed two major mobile and Short Message Service (SMS)-based marketing products – TxtCast and Promotxt – and has licensed another – the MOBILIZER – as Telecom’s preferred mobile e-mail solution for corporate customers. It also offers a comprehensive range of consultancy, integration and implementation services for mobile Internet and wireless technologies.

Mr Loveard says New Zealand Post’s investment will enable The Synapse Group to grow its solutions team and launch two new mobile applications currently under development – one with additional support from Industry New Zealand’s Business Growth Fund.

“With ongoing support from organisations such as New Zealand Post, The Icehouse and Industry New Zealand, The Synapse Group is looking forward to further enabling our clients to extend the power of the Internet into mobile, wireless and hand-held devices.”

The Icehouse is a partnership between Bank of New Zealand, Carter Holt Harvey, Telecom New Zealand, The Boston Consulting Group, The University of Auckland Business School, Chapman Tripp, Deloitte, Microsoft and HP.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

'Unprecedented' Conditions: Genesis Coal Burn 5-Yr High

Coal-fired generation from Genesis Energy’s Huntly operations was the highest in more than five years in the December quarter, as a combination of low hydro storage and plant outages were compounded by tight natural gas supplies. More>>

ALSO:

Climate Summary: NZ’s Equal-2nd Warmest Year On Record

Annual temperatures were above average (+0.51°C to +1.20°C above the annual average) across the majority of New Zealand... 2018 was the equal 2nd-warmest year on record for New Zealand, based on NIWA’s seven-station series which began in 1909. More>>

ALSO:

GDP: Economic Growth Dampens In The September Quarter

Gross domestic product (GDP) rose 0.3 percent in the September 2018 quarter, down from 1.0 percent in the previous quarter, Stats NZ said today... GDP per capita was flat in the September 2018 quarter, following an increase of 0.5 percent in the June 2018 quarter. More>>

ALSO:

Up $1.20: $17.70 Minimum Wage For 2019

Coalition Government signals how it will move toward its goal of a $20 p/h minimum wage by 2021... “Today we are announcing that the minimum wage will increase to $17.70 an hour on 1 April 2019." More>>

ALSO: