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

 

New Zealand Post Takes 30% Stake In Silent One Ltd

New Zealand Post Limited has signed an agreement to take a 30 per cent shareholding in Wellington based software development company Silent One Limited.

New Zealand Post Business Development Leader Paul Robinson said the shareholding extends New Zealand Post’s strength in electronic messaging and e-commerce capabilities.

“Silent One Limited’s electronic ‘knowledge library’ software product complements New Zealand Post’s strength in the physical distribution of information.”

The funds invested by New Zealand Post will enable Silent One Limited to expand its business and market its ‘knowledge library’ software internationally. The Internet based software, also called SilentOne, has attracted strong interest since it was released earlier this year. It has already been successfully implemented by a number of large New Zealand organisations, such as Massey University, and the New Zealand Trade Development Board who have implemented the product worldwide.

SilentOne incorporates document management capability and extends the concept to allow management of any file type in any location using an Internet based architecture.

Silent One Limited was founded by a group of Wellington business people who have had success establishing other companies in both information technology and telecommunications fields.

Managing Director of Silent One Limited, Ian Hight, said New Zealand Post’s involvement in the venture would be very valuable to future growth.

"Having New Zealand Post as part of our team is an important step in furthering the international success of the company. The relationship provides us not only with funding, but also with an established corporate partner with international contacts.”

This is the second stake that New Zealand Post has taken in technology companies this year. In March the company took a 50 per cent investment in The Electronic Commerce Network Limited (ECN).

“We are getting real benefits from our relationship with ECN. New Zealand Post has every expectation that our association with the skilled and enterprising people from Silent One Limited will be just as fruitful,” Mr Robinson said.

ENDS

For further information contact:
Ian Hight, Managing Director Silent One Limited
Ph: 04-801-6377 or Mobile: 021-650-625

Paul Robinson, New Zealand Post Business Development Leader
Ph: 04-496-4402 or Mobile: 025-444-495

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Gita Hits NZ: 'It Was Literally Like A Wall Of Water'

"We were looking at the river at 80 cubic metres at about 4pm thinking it was amazing that we'd dodged the bullet ... an hour and a half later it was 600 cubic metres, and it just kept going up to 900 from there." More>>

ALSO:

America's Cup: Another Day, Another Cup Village Plan

A fourth option modelling what an America's Cup Village in Auckland might look like has arrived today as a planning deadline nears with no agreement in sight.More>>

Closing Or Selling Regionals: Fairfax Starts NZ Endgame

Fairfax Media Group will close or sell 35 percent of its New Zealand print titles as the Australian group pursues a digital strategy for the kiwi unit, now rebranded Stuff. More>>

Fletcher Building: Norris Steps Down As Chair After New $486M Loss Provision

Ralph Norris will step down as chairman of Fletcher Building after the company took a further $486 million provision for project losses at its Building + Interiors unit and said 14 of the unit's 73 projects, worth $2.3 billion, are loss-making or 'on watch'. More>>

ALSO:

WWF: Concerns With Suggestion To “Scrap” Fishing Monitoring

“Our Pacific neighbours, like Fiji and the Solomon Islands, are making this work with far less economic resources than New Zealand. There’s no reason the government can’t get this done by October.” More>>

ALSO:

Stink one!: Stink Bug Invasion Could Cost NZ Billions

An invasion of the brown marmorated stink bug - the pest discovered recently in three Japanese car shipments - would devastate New Zealand's fruit, vegetable and wine industries, destroying more than $4 billion of export value and costing thousands ... More>>