Wynyard hikes 2013 capital spending by up to 63 percent, on track to meet IPO sales forecast

Mon, 18 Nov 2013

By Paul McBeth Nov. 19 (BusinessDesk) - Wynyard Group, the intelligence software developer spun out of Jade Software in July, plans to ramp up this year’s capital expenditure by as much as 63 percent to drive sales growth, and says it’s on track to meet its 2013 revenue forecast. The Auckland-based company will bring forward recruitment of new sales and services staff to manage next year’s growth pipeline, adding between $1 million and $1.5 million to the forecast capex of $2.4 million for the 2013 calendar year, it said in a statement. W...

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