Business migrant chases $50m

A BUSINESS migrant reckons his company will be turning over $50 million within five years.

Since opening his business – EposCommerce – in January, Colin Moore has expanded his services into the eastern states and is set to export his product to South East Asia.

EposCommerce provides software and support to let small retailers benefit from new cash register and electronic commerce technology.

Mr Moore’s business market its service to small retailers such as independent supermarkets, cafes, newsagents, bakeries and stores.

The product features a computer-based cash register with a scanner, receipt printer and cash drawer using a touch screen rather than a conventional keyboard.

“In essence this is a way of helping small retailers with a reliable and cost-effective service that makes them more competitive with big retailers,” Mr Moore said.

He said he emigrated to WA from the UK because of family connections and the State’s proximity to South East Asia.

Mr Moore’s former UK employers included Barclays Bank, the UK arm of NCR, Oracle and Softlab.

“I was also drawn to Australia because of the ‘glass half full’ attitude of its people,” he said.

Mr Moore and his wife Kim began their business skills migration application in May last year and were accepted before Christmas 1999.

His Osborne Park-based business employs three staff. It is 75 per cent Australian owned.

The remaining 25 per cent share is owned by the UK software developer Epsilon Technology Solutions.

Statistics show each business migrant transfers an average of $914,319 into WA.

The companies these migrants form create an average of 4.9 jobs.

About 65 per cent of businesses started by these migrants are involved with export.

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