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


Invenco Group Ltd secures new investors

Invenco Group Ltd secures new investors

Professional directors and investors Justine Smyth and Paul Lockey have taken a substantial stake in Invenco Group Ltd, investing in the Kiwi technology business that formed in 2009 with Sir Peter Maire and technologist, David Ritten’s acquisition of the retail automation business of Provenco Cadmus.

The Executive of Invenco are delighted with the expertise and experience that investors like Justine and Paul bring to the business. Says Invenco CEO Dave Ritten “This is a huge vote of confidence and the business will benefit tremendously from the knowledge and contacts that quality investors like Justine and Paul bring. This will help shift us to a whole new level of performance.”

While modest about their achievements, both are serious heavy hitters on the NZ business scene with a history of successful ventures to their credit. Justine is a director of Telecom, The Financial Markets Authority and Auckland International Airport and owner of Albany based Lingerie Brands and Paul is a director for Auckland Transport, Callaghan Innovation and Media Works.

Invenco Group has offices in New Zealand and Malaysia and develops secure payment technologies for a wide range of fast-moving retail situations. With already significant clients in Europe, South America, South East Asia, the Middle East and Australasia, and excellent orders for the company’s disruptive G6 outdoor payment terminal, the company is positioning to take advantage of enormous growth opportunities that are presenting in the USA market on the back of EMV chip adoption.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Internet: NZ Govt Lifts Target Speeds For Rural Broadband

The government has lifted its expectations on faster broadband speeds for rural New Zealand as it targets increased spending on research and development in the country's information and communications technology sector, which it sees as a key driver for export growth. More>>


Banks: Westpac Keeps Core Government Transactions Contract

The local arm of Westpac Banking Corp has kept its contract with the New Zealand government to provide core transactions, but will have to share peripheral services with its rivals. More>>


Science Investment Plan: Universities Welcome Statement

Universities New Zealand has welcomed the National Statement of Science Investment released by the Government today... this is a critical document as it sets out the Government’s ten-year strategic direction that will guide future investment in New Zealand’s science system. More>>


Scouring: Cavalier Merger Would Extract 'Monopoly Rents' - Godfrey Hirst

A merger of Cavalier Wool Holdings and New Zealand Wool Services International's two wool scouring operations would create a monopoly, says carpet maker Godfrey Hirst. The Commerce Commission on Friday released its second draft determination on the merger, maintaining its view that the public benefits would outweigh the loss of competition. More>>


Scoop Review Of Books: She Means Business

As Foreman says in her conclusion, this is a business book. It opens with a brief biographical section followed by a collection of interesting tips for entrepreneurs... More>>


Hourly Wage Gap Grows: Gender Pay Gap Still Fixed At Fourteen Percent

“The totally unchanged pay gap is a slap in the face for women, families and the economy,” says Coalition spokesperson, Angela McLeod. Even worse, Māori and Pacific women face an outrageous pay gap of 28% and 33% when compared with the pay packets of Pākehā men. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news