ERP.com Holdings` JSE listing is to be transferred to the stock exchange`s main board on 25 November.
The group focuses on the implementation, integration and management of enterprise-wide IT applications in an e-business environment. It achieved revenue of R104.45 million for the year to July, with attributable income of R11.17 million.
Listed in 1999, ERP.com Holdings has been on the venture capital market since then. CEO Peter Forsyth has said that the group has earned its place on the main board.
The group says the move to the main IT: software and services sector demonstrates its growth and development since its listing.
"Although ERP.com is still in a growth phase, the directors of ERP.com consider the move appropriate as the company is now established and no longer has the same risk profile for investors."
Hampton Securities has rated the stock as a buy. "The company has established an excellent track record since listing and will deservedly move to the software and services sector on the main board on 25 November 2002," it says in a research report.
It says the company has strong, conservative management; a solid track record; positive cash generation and diverse revenue streams and it operates in diverse markets with good growth prospects.
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