Morgan invests in SLI Systems

ALAN WOOD
Last updated 05:00 31/01/2013
sam morgan
SLI SYSTEMS INVESTOR: Sam Morgan.

Relevant offers

Industries

Queenstown swim coach Jane Hughes closes business after losing battles with council Fairfax New Zealand confirms bid but no discussions on possible sale Shanton in receivership again Edge of the Kiwi universe: the most remote businesses in New Zealand Demand for more mobile data on the rise Fairfax NZME merger: focus on plurality Pilots and technicians hot property as demand for air travel surges in China Watchdog won't hold conference on Sky/Vodafone merger Simon Gault buys into Cocavo coconut oil company Wilding and Co host Chinese marketers in Queenstown

Trade Me founder Sam Morgan has invested $1 million in new equity in Christchurch-based software provider SLI Systems.

SLI co-founder and chief executive Shaun Ryan said the equity would be used to boost employee numbers and growth for the company, which provided search and navigation services for websites, particularly in the retail sector.

He had met Morgan at a Morgo Conferences entrepreneurship event, organised by Jenny Morel, in Queenstown in September and talked about opportunities.

The equity transaction had been agreed in late December 2012 after discussions.

Morgan said the potential for growth in global on-line sales made SLI Systems an exciting investment. "Online sales are such an important segment for all retailers now and SLI simply helps customers find things and buy them more easily," he said.

Since selling Trade Me, Morgan has been involved in a number of other investments including sharemarket darling Xero, though he has sold down some of his stake in that company.

Ad Feedback

- BusinessDay.co.nz

Special offers

Featured Promotions

Sponsored Content