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Highlights
- Enprise Limited holds a 33.12% stake in Datagate, which is a one-stop shop offering SaaS Telecom Billing for Managed Service Providers.
- Datagate has put up an impressive show, having reported 117% year-on-year revenue growth in the US.
- ENS anticipates significant growth prospects for Datagate in the coming year with opportunities across the UK, Europe and the US.
High-tech software and services investment company Enprise Group Limited (NZX:ENS) has investments in five businesses, one of them being Datagate Innovation Limited.
ENS holds 33.12% stake in Datagate, which offers online billing and reporting portals under a Software-as-a-Service (SaaS) model for resellers of telecom and utility services. Datagate hosts service providers across the USA, Canada, New Zealand, Australia and Europe.
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Introducing Datagate
Enprise Group’s associate, Datagate is a one-stop shop that makes billing telecommunications an easy, quick, profitable and compliant process, in a single SaaS package.
Datagate offers SaaS Telecom Billing for Managed Service Providers (MSPs), integrating with their important software to deliver automated billing and payments processes. Moreover, it allows rating, billing and bundling of all telecommunication services.
Source: © Alexandersikov | Megapixl.com
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Datagate also offers an alternative white-label end-user portal, which empowers customers of the MSPs to view their usage data along with their invoices generated through Datagate.
Datagate is built on the most powerful cloud computing platform of the world and can be accessed as a SaaS cloud offering that does not need any hardware investment. In most cases, it only requires a small configuration process to get started.
Growth across Datagate business
Datagate has continued to deliver impressive performance globally, especially in its primary market, the US. ENS reported that the Total ARR for Datagate touched NZ$2 million at the end of October 2021, with US contributing 63% of the total recurring revenue.
As per an update by ENS in November 2021, Datagate’s year-on-year revenue growth was noted at 117% within the US, reflecting a strong upward trend since the start of 2021.
RELATED NEWS: Enprise Group’s (NZX:ENS) Datagate growing strong in the US, strategic moves bears fruit
Datagate’s revenue growth picked up pace in April 2019, when a North American branch was set up in Canada’s Vancouver, making the Company more US-focused.
Source: © Seahorsevector | Megapixl.com
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Growth opportunities
Datagate’s growth is underpinned by strong US in-market partnerships with numerous wholesale VOIP/UCaaS providers, MSP industry software solution providers, and telecom tax specialists.
Having key staff closer to the location of its customers can help expedite its growth in the region. The Company recently transferred two sales and marketing staff members to Florida.
Furthermore, the Company has also been seeking to transfer a senior salesperson to the UK for covering the region. This move could open doors to several opportunities for Datagate across the UK, Europe as well as the US.
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Bottom Line
Enprise Group’s associate, Datagate is making all the right moves with the company shifting gears and moving into high-growth mode. Datagate is aggressively focused on growing its top line and market share. As reported, the company’s market demand is strong with its core clients being suppliers of advanced unified communications systems and remote working solutions.