Blackpearl Group (BPG) a technology acquisition company
intends to list on the NZX.
Blackpearl Group is a
technology company that builds, acquires, and markets
data-driven cloud services, consisting of a suite of
productivity and demand generation applications for small
and medium-sized businesses (SMB).
Founder and chief
executive, Nick Lissette, says the intended listing on the
NZX is a platform for future growth. There is no capital
raise associated with the listing.
“A direct listing
on the NZX offers us the fastest and lowest cost means of
moving to a public platform to support future growth,” he
said. “Our goal for the intended listing is to accelerate
acquisitions by being able to offer stock in a listed entity
as part of our offer to companies we wish to acquire.
Becoming a listed company also offers future capital raising
opportunities on the public market.”
Chairman of
Blackpearl Group, Tim Crown, co-founder of Nasdaq listed
Fortune 500 company, Insight Enterprises, said the
company’s Kiwi origins, coupled with the NZX’s low cost
and low friction listing platform, made going public on the
NZX the next logical step for the
company.
“Blackpearl Group is both a technology
company and an investment company with enormous
opportunity,” said Mr Crown. “Having invested in
creating a unique technology platform that can add value to
a range of applications, we have an opportunity to innovate
into new digital markets.”
Blackpearl Group will be
among the fastest-growing Software as a Service (SaaS)
companies on the NZX when it lists. Mr Lissette said the
company’s proprietary data platform, the Pearl Engine, is
what delivers the organic growth for both owned and acquired
products.
“Our strategy is about much more than
simply acquiring technology businesses for their revenue,
it’s about gaining access to new talent and markets, and
most importantly, accelerating organic growth,” said Mr
Lissette. “Our private platform enables us to help the
businesses we acquire accelerate their growth and
development.”
Having just completed the acquisition
of NewOldStamp, Mr Lissette said it was the right time for
Blackpearl Group to list and further to accelerate its
acquisition strategy. Market slowdowns and plummeting
valuations of private businesses due to global recessionary
pressures have created unprecedented opportunities in the
market.
About Blackpearl Group
Blackpearl
Group is a technology company that builds, acquires, and
markets data-driven cloud services, consisting of a suite of
productivity and demand generation applications for small
and medium-sized businesses (SMB).
Blackpearl
Group’s proprietary private platform, the Pearl Engine, is
the cornerstone of organic growth for both built and
acquired technologies. Through leveraging elements or entire
components from the Pearl Engine, companies within the Group
can access new markets, increase their value proposition,
and improve their cost-to-revenue ratio faster and at near
zero marginal cost.
Blackpearl Group’s first
applications focus on the number one business tool in the
world today, email. Transforming it from a transactional
tool into a demand-generation tool to help SMBs grow their
revenue and build stronger relationships with their
customers.
Founded in 2012, Blackpearl Group is driven
from Wellington, New Zealand, and Phoenix,
Arizona.
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