Story image

Wynyard Group sets $1.15 share price

21 Jun 13

Wynyard Group has announced the share price arising from the book-build for company shares has been set at $1.15 each.

The software solutions provider says the offer for shares is set to open on Monday 24 June and close on Friday 12 July ahead of a Friday 19 July listing on the NZX Main Board.

Following the book-build, the company will raise total proceeds of $65 million of new capital, while there will be no oversubscriptions.

The company says it is pleased with the support from institutional investors and retail broker firms in New Zealand, with managing director Craig Richardson saying capital is being raised to accelerate Wynyard's international growth strategy and meet the growing demand for its risk management, investigations, intelligence and digital forensics software.

“Wynyard is an attractive company with growing recurring revenue and a clear four-step global growth plan which is forecast to drive strong revenue growth," he says.

“We have invested in innovation and product commercialisation for our solutions which help keep financial institutions compliant, airports safe, energy companies secure, intelligence agencies informed and police investigations operating.”

With a blue-ribbon global customer base, the company recently signed a long term contract with the New Zealand Police for its Wynyard Investigator product which is used internationally by more than 50 agencies ranging from the Australian Federal Police to specialist operations in the United Kingdom and multi-nation crime task forces in Asia.

Richardson says the company is an emerging industry leader with an experienced board, management team, renowned industry advisory team and will leverage its talent to help drive growth.

“We have over 120 staff across six regions and with staff numbers set to grow to 152 by the end of 2014 we are actively recruiting in New Zealand, the United Kingdom and the United States," he says.

"Our industry experts, specialist capability and unique culture is one of our greatest assets and plays an important part in our success."

Wynyard has registered its combined investment statement and prospectus (the “offer document”) in relation to the IPO and the offer document can be viewed at http://www.intelligentinvestment.co.nz.

Kiwis make waves in IoT World Cup
A New Zealand company, KotahiNet, has been named as a finalist in the IoT World Cup for its River Pollution Monitoring solution.
Can it be trusted? Huawei’s founder speaks out
Ren Zhengfei spoke candidly in a recent media roundtable about security, 5G, his daughter’s detainment, the USA, and the West’s perception of Huawei.
Oracle Java Card update boosts security for IoT devices
"Java Card 3.1 is very significant to the Internet of Things, bringing interoperability, security and flexibility to a fast-growing market currently lacking high-security and flexible edge security solutions."
How SMBs can use data to drive business outcomes
With the right technology, companies can capture consumer, sales, and expense data, and use it to evaluate and construct future plans.
Survey shows that IoT is RoI across Asia Pacific
A recent Frost & Sullivan survey across Australia, Hong Kong and Singapore shows that IoT deployment improves business metrics by around 12%.
Sophos hires ex-McAfee SVP Gavin Struther
After 16 years as the APAC senior vice president and president for McAfee, Struthers is now heading the APJ arm of Sophos.
Security platform provider Deep Instinct expands local presence
The company has made two A/NZ specific leadership hires and formed several partnerships with organisations in the region.
Half of companies unable to detect IoT device breaches
A Gemalto study also shows that the of blockchain technology to help secure IoT data, services and devices has doubled in a year.