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.

www.invenco.com


Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half Full: Dairy Payouts Steady, Cash Will Be Tight

Industry body DairyNZ is advising farmers to focus on strong cashflow management as they look ahead to the 2015-16 season following Fonterra's half-year results announcement today. More>>

ALSO:

First Union: Cotton On Plans To Use “Tea Break” Law

“The Prime Minister reassured New Zealanders that ‘post the passing of this law, will you all of a sudden find thousands of workers who are denied having a tea break? The answer is absolutely not’... Cotton On is proposing to remove tea and meal breaks for workers in its safety sensitive distribution centre. How long before other major chains try and follow suit?” More>>

ALSO:

Scoop Business: NZ-Korea FTA Signed Amid Spying, Lost Sovereignty Claims

A long-awaited free trade agreement between New Zealand and South Korea has been signed in Seoul by Prime Minister John Key and the Korean president, Park Geun-hye. More>>

ALSO:

PM Visit: NZ And Viet Nam Agree Ambitious Trade Target

New Zealand and Viet Nam have agreed an ambitious target of doubling two-way goods and service trade to around $2.2 billion by 2020, Prime Minister John Key has announced. More>>

ALSO:

Scoop Business: NZ Economy Grows 0.8% In Fourth Quarter

The New Zealand economy expanded in the fourth quarter as tourists drove growth in retailing and accommodation, and property sales increased demand for real estate services. More>>

ALSO:

Scoop Business: RBNZ’s Wheeler Keeps OCR On Hold, No Rate Hikes Ahead

The Reserve Bank has removed the prospect of future interest rate hikes from its forecast horizon as a strong kiwi dollar and cheap oil hold down inflation, and the central bank ponders whether to lower its assessment of where “neutral” interest rates should be. The kiwi dollar gained. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news