Mobile Workforce app GeoOp has announced plans to list on the New Zealand Alternative Market (NZAX) next Thursday for NZ$1 per share. The company claimed its private share offering was oversubscribed by over three times and had raised NZ$10 million of new equity from 280 shareholders.
The listing on the NZAX would fund its global expansion strategies, particularly in Australia and the US, the company said in a press release.
GeoOp’s software was used by trades and services businesses from sole traders up to SMEs with 200 field staff. Mobile workforce programs aimed to help businesses transition to smart and mobile devices from pen and paper job costing and scheduling.
GeoOp integrated with leading business programs such as Xero, Freshbooks, Unleashed, iAuditor, Navman and Snitch. The company had over 4,000 paying users, including in the UK, USA and Europe. Its headquarters and development base was in Auckland with offices in Sydney and Melbourne and staff in the UK.