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

 

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news