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{{short description|Australian software development company}}
{{Use Australian English|date=June 2020}}
{{Use dmy dates|date=August 2019}}
{{Infobox company
{{Infobox company
| name = TechnologyOne Ltd
| name = Technology One Ltd
| logo = [[image:TechnologyOne logo.png]]
| logo = TechnologyOne - logo.svg
| type = Public
| type = [[Public company|Public]]
| traded_as = {{asx|TNE}}
| traded_as = {{ASX|TNE}}
| founded = 1987
| foundation = 1987<ref>"Time to summon our Better Angels", The Deal, Morris Kaplan, July edition, p.31.</ref>
| founder(s) = Adrian Di Marco
| founder = [[Adrian Di Marco]]
| location_city = [[Brisbane]]
| location_city = [[Brisbane]]
| location_country = [[Australia]]
| location_country = Australia
| locations = 14<ref>{{cite web|url=http://www.technologyonecorp.com/OfficeLocations|website=TechnologyOne|title= Office Locations}}</ref>
| location =
| area_served = [[Australia]], [[Malaysia]], [[New Zealand]], [[United Kingdom]], [[Australasia|South Pacific]]
| locations = 14<ref>[http://www.technologyonecorp.com/OfficeLocations TechnologyOne Office Locations]</ref>
| key_people = Edward Chung <small>(CEO)</small>
| area_served = [[Australia]], [[Malaysia]], [[New Zealand]], [[United Kingdom]], South Pacific
| key_people =
| industry = [[Software development]]
| industry = Software development
| products = Commercial support software
| services = Business support<br />Project management<br />Consulting<ref>{{cite web|url= https://www.technologyonecorp.com/services
| products = Commercial support software
|website=TechnologyOne|title= Services}}</ref>
| services = Business support<br />Project management<br />Consulting
| revenue =
| revenue = $312 million
| revenue_year = 2021
| operating_income =
| net_income =
| operating_income =
| assets =
| income_year =
| equity =
| net_income = $73 million
| owner =
| net_income_year = 2021
| num_employees = 850
| num_employees = 1,200
| num_employees_year = 2021
| parent =
| divisions =
| parent =
| subsid =
| divisions =
| subsid =
| homepage = [http://www.TechnologyOneCorp.com/ TechnologyOneCorp.com]
| footnotes =
| homepage = {{url|technologyonecorp.com}}
| intl =
| footnotes = }}

}}
'''TechnologyOne Limited''' is an Australian [[enterprise software]] company founded in 1987. The company is headquartered in [[Fortitude Valley]] in [[Brisbane]], Australia, with other offices in United Kingdom, New Zealand, South Pacific and Asia. It is listed on the [[Australian Securities Exchange]].
'''TechnologyOne Limited''' is a [[Queensland]]-based maker of business-to-business [[software]] for the [[government]], [[local government]], [[education]], [[health]] and [[community services]], [[utilities]], [[financial services]] and managed services sectors. The company provides a range of software to more than 800 customers in [[Australia]], [[New Zealand]], [[Asia]], [[Oceania|South Pacific]] and the [[United Kingdom]].<ref name="australianit.news.com.au">[http://www.australianit.news.com.au/story/0,24897,25640633-5013040,00.html "TechOne goes slow on hiring", 2000, The Australian IT News, Jennifer Foreshew, 16 June] (accessed 7 October 2009)</ref> In addition to developing software, the organisation also offers consulting and support services.<ref>[http://www.technologyonecorp.com/services TechnologyOne Services]</ref>


==History==
==History==
TechnologyOne was founded by Adrian Di Marco in 1987, when he decided to use [[relational database]] technology to make [[accounting software]].<ref name="ReferenceA">AFR Boss, Vol 7, November 2006</ref><ref name="itnews.com.au">[http://www.itnews.com.au/News/94434,technologyone-acquires-avand-for-10-million.aspx "TechnologyOne acquires Avand for $10 million", 2007, ITWire, Mitchell Bingemann, 12 October] (accessed 7 October 2009)</ref> Seeking capital to support this venture, he approached investors John and Dugald Mactaggart of J.L. Mactaggart Industries,<ref name="The Deal p. 31">“Time to summon our Better Angels”, The Deal, Morris Kaplan, July edition, p. 31.</ref> a former customer, for financial backing.<ref name="AFR Boss, Vol 7, November 2006">AFR Boss, Vol 7, November 2006.</ref>
TechnologyOne was founded by [[Adrian Di Marco]] in 1987, when he saw an opportunity to build a new generation of [[accounting software]] for businesses and government departments, using [[relational database]] technology.<ref name=avand>{{cite web |last=Bingemann|first=Mitchell|series=ITWire|date=October 12, 2007|title=TechnologyOne acquires Avand for $10 million |url=http://www.itnews.com.au/News/94434,technologyone-acquires-avand-for-10-million.aspx |website=iTnews}}</ref> DiMarco approached investors John and Dugald Mactaggart of J.L. Mactaggart Industries, a former customer, for financial backing.<ref>{{cite web |title=How this man built a $250 million IT company |url=http://www.businessnewsaus.com.au/articles/exclusive--how-this-man-built-a--250m-it-company.html |website=[[Business News (Australia)|Business News]]|date=January 28, 2011}}</ref>


TechnologyOne set up its first [[R&D]] centre at Mactaggart’s hide processing plant in [[Hemmant]], [[Brisbane]],<ref name="AFR Boss, Vol 7, November 2006"/> where the company’s first software product, Finance One, was created.<ref name="AFR Boss, Vol 7 2006, p. 30-32">AFR Boss, Vol 7, November 2006, p. 30-32.</ref> Finance One was officially launched in 1991.
TechnologyOne set up its first [[research & development]] centre in a demountable office in the car park at Mactaggart’s hide processing plant in [[Hemmant]], [[Brisbane]], in 1987.<ref name=AFR2017-04/> In the early 1990s, TechnologyOne built the Automated Titling System (ATS) for the [[Department of Resources|Queensland Department of Natural Resource & Mines]].<ref name="TechOne book" />


In 1992, TechnologyOne developed a student administration system called College Administration System (CAP) for [[TAFE Queensland]], which led to the development of StudentOne (now TechnologyOne Student Management), used by Australian universities.<ref name="Bryant">{{cite news |last1=Bryant |first1=Gale |title='Technological cringe' leaves industry at a loss, says IT boss |url=https://www.afr.com/companies/technological-cringe-leaves-industry-at-a-loss-says-it-boss-19980720-kb3ou |work=[[Australian Financial Review]] |date=20 July 1998 |language=en}}</ref> The company also expanded in New Zealand.<ref>{{cite news |last1=O'Neill |first1=Rob |title=TechOne surges in New Zealand as SaaS drives sales overall |url=https://www.reseller.co.nz/article/668792/techone-surges-new-zealand-saas-drives-sales-overall/ |work=Reseller News |date=19 November 2019}}</ref>
TechnologyOne was listed on the [[Australian Securities Exchange]] in 1999. In late 2000, the company made its first acquisition, Proclaim Software Pty Ltd, which was rebranded to Proclaim One (now TechnologyOne Property & Rating), and in 2007, it acquired an enterprise content management provider, Avand Pty Ltd, and its product, DataWorks, in 2007, integrating it into its software suite and branding it as TechnologyOne Enterprise Content Management (ECM). In 2008, TechnologyOne made a further acquisition, Outcome Manager Pty Ltd, which provided TechnologyOne with a strategic performance planning product, Performance Planning.<ref>“TechnologyOne acquires local ISV” Australian Reseller News, 20 August 2008, p.12; [http://www.zdnet.com.au/news/software/soa/TechOne-makes-performance-buy/0,130061733,339291189,00.htm “TechOne makes performance buy”, 2008, ZDNet Australia, Renai LeMay] (accessed 7 October 2009)</ref>


TechnologyOne was listed on the [[Australian Securities Exchange]] in 1999.<ref name="asx.com.au">{{cite web|url=http://www.asx.com.au/asx/research/company.do#!/TNE/details|title=TechnologyOne Limited details|archive-url=https://web.archive.org/web/20160304230436/http://www.asx.com.au/asx/research/company.do#!/TNE/details |archive-date=2016-03-04 }}</ref> In October 2000, the company raised $18 million from investors including Hyperion Asset Management, Selector Funds Management, Pendal Group, Spheria Asset Management, Colonial First State, River Capital and Pengana.<ref>{{cite news |last1=Tuner |first1=Sarah |last2=Richardson |first2=Tom |title=Hyperion leads the Mercer long-only pack |url=https://www.afr.com/markets/equity-markets/hyperion-leads-the-mercer-long-only-pack-20200423-p54mft |work=[[Australian Financial Review]] |date=24 April 2020 |language=en}}</ref>
By 2009, TechnologyOne had expanded into each of its target vertical markets; [[government]], [[local government]], [[education]], [[health]] and [[community services]], [[utilities]], [[financial services]] and managed services sectors.<ref>”TechnologyOne secures new contracts in the UK”, 2009. Queensland Business Review, 26 February.</ref>


In 2005, TechnologyOne shifted focus from functionality-centric software to people-centric software.<ref>{{cite news |last1=Swan |first1=David |title=TechnologyOne posts record profit |url=https://www.theaustralian.com.au/business/business-spectator/technologyone-posts-record-profit/news-story/dcf0ef9135e65a83ef54b0ec956aa737 |work=[[The Australian]] |date=25 November 2014}}</ref> In 2006, it expanded in UK with its first office in [[Maidenhead]].<ref>{{cite news |last1=Woodhead |first1=Ben |title=Profit paves the road for UK push |url=https://www.afr.com/technology/profit-paves-the-road-for-uk-push-20060228-jfurn |work=[[Australian Financial Review]] |date=28 February 2006 |language=en}}</ref>
== Awards ==
* 1996 - TechnologyOne is ranked in the Deloitte Technology Fast 50 Awards, recognising the fast growing technology companies in Australia
* 2008 - TechnologyOne’s Student Management solution wins Australian Industry Award at the Consensus Software Awards<ref name="consensus.com.au">[http://www.consensus.com.au/csa_awards/csa_2008_media_release.html, "Innovation Consensus"], 2008, Consensus, Day, J., 6 May 2008</ref>
* 2009 - Adrian Di Marco is named Business Person of the Year at the prestigious Lord Mayor's Business Awards in Brisbane<ref name="smh.com.au">http://www.smh.com.au/business/how-business-smarts-and-technology-won-the-day-20100610-xzep.html, "How business smarts and technology won the day", 2010, The Sydney Morning Herald, Sosnowski, N., 10 June 2010</ref>
* 2010 - TechnologyOne's R&D centre is announced as Brisbane's best new investment at Brisbane's Lord Mayor's Business Awards<ref name="itwire.com">http://www.itwire.com/it-industry-news/market/42512-plaudits-for-technologyone-brisbane-investment, "Plaudits for TechnologyOne Brisbane investment", 2010, IT Wire, Peters, G., 19 October 2010</ref>
* 2010 - TechnologyOne’s Business Intelligence product wins Best E-Business Product at the Australian Business Awards<ref name="itwire.com">http://www.itwire.com/it-industry-news/market/40881-technologyone-trumps-bi-software-competitors, "TechnologyOne trumps BI software competitors", 2010, IT Wire, Peters, G., 4 August 2010</ref>
* 2010 - Adrian Di Marco is awarded the Tony Benson award for outstanding contribution to the Australian ICT Industry, at the Australian Information Industry Association’s iAwards<ref name="statements.qld.gov.au">http://statements.qld.gov.au/Statement/Id/71191, "iSuccess for Qld ICT companies", 2014, The Queensland Cabinet and Ministerial Directory, 22 August 2014</ref>


In November 2010, TechnologyOne announced it would make its software available on the cloud.<ref>{{cite news |last1=Ho |first1=Colin |title=TechnologyOne announces cloud strategy |url=https://www.zdnet.com/article/technologyone-announces-cloud-strategy/ |archive-url=https://web.archive.org/web/20201028042119/https://www.zdnet.com/article/technologyone-announces-cloud-strategy/ |url-status=dead |archive-date=28 October 2020 |access-date=3 February 2022 |work=ZDNet |date=15 November 2010 |language=en}}</ref> The company invested heavily in [[research and development]] to transition its software functionalities into the cloud,<ref>{{cite news |last1=Lohman |first1=Tim |title=R&D central to TechnologyOne's Cloud transition |work=Computerworld |date=23 May 2011}}</ref><ref>{{cite news |last1=Boreham |first1=Tim |title=Feet firmly on ground while eyeing the cloud |work=The Australian |date=7 May 2012}}</ref> spending $150 million to develop its software-as-a-service cloud products.<ref>{{cite news |last1=Boreham |first1=Tim |title=Head in the clouds, but there's lots of blue sky |work=The Australian |date=28 May 2014}}</ref> It also released Ci Anywhere,<ref>{{cite news |last1=Swan |first1=David |title=TechnologyOne posts record profit |url=https://www.theaustralian.com.au/business/business-spectator/technologyone-posts-record-profit/news-story/dcf0ef9135e65a83ef54b0ec956aa737 |work=[[The Australian]] |date=25 November 2014}}</ref> a version of its Connected Intelligence product hosted in the cloud and available from any desktop or mobile device.<ref>{{cite news |last1=Redrup |first1=Yolanda |title=TechnologyOne hits nine years of record profits |url=https://www.afr.com/technology/technologyone-hits-nine-years-of-record-profits-20181119-h182l7 |access-date=3 February 2022 |work=Australian Financial Review |date=19 November 2018 |language=en}}</ref>
== Products ==
TechnologyOne’s value proposition, the power of one, is that it develops, markets, sells, implements, supports and runs its own world class, fully integrated enterprise software solution which includes:
* [http://www.technologyonecorp.com/products/financials Financials]<ref name="computerworld.com.au">http://www.computerworld.com.au/article/538816/auckland_uniservices_wintec_discuss_automated_invoicing/, "Auckland UniServices, WinTec discuss automated invoicing", 2014, Computerworld, Barwick, H., 21 February 2014</ref>
* [http://www.technologyonecorp.com/products/asset-management Asset Management]<ref name="technologydecisions.com.au">http://technologydecisions.com.au/content/it-management/article/city-of-newcastle-taps-technoloyone-to-unify-it-433679616, "City of Newcastle taps TechnologyOne to unify NT", 2014, Technology Decisions, Bushell-Embling, D., 29 July 2014</ref>
* [http://www.technologyonecorp.com/products/human-resource-and-payroll Human Resource & Payroll]<ref name="cio.com.au">http://www.cio.com.au/article/538678/pcyc_queensland_replacing_60_databases_single_cloud-based_system/, "PCYC Queensland replacing 60 databases with single cloud-based system", 2014, CIO, Barwick, H., 20 February 2014</ref>
* [http://www.technologyonecorp.com/products/supply-chain Supply Chain]<ref name="cio.com.au">http://www.cio.com.au/article/538816/auckland_uniservices_wintec_discuss_automated_invoicing/?fp=16&fpid=1, "Auckland UniServices, WinTec discuss automated invoicing", 2014, CIO, Barwick, H., 21 February 2014</ref>
* [http://www.technologyonecorp.com/products/business-intelligence Business Intelligence]<ref name="computerworld.com.au">http://www.computerworld.com.au/mediareleases/1106/technologyone-launches-business-intelligence-solut/, "TechnologyOne Launches Business Intelligence Solution", 2008, Computerworld, 20 February 2008</ref>
* [http://www.technologyonecorp.com/products/budgeting-forecasting Budgeting & Forecasting]<ref name="itwire.com">http://www.itwire.com/it-industry-news/deals/63179-technologyone-secures-$15-million-education-deal, "TechnologyOne secures $15 million education deal", 2014, IT Wire, Dinham, P., 18 February 2014</ref>
* [http://www.technologyonecorp.com/products/performance-planning Performance Planning]<ref name="computerworld.com.au">http://www.computerworld.com.au/article/208359/technologyone_secures_triple_win_planning_solution/, "TechnologyOne secures triple win with planning solution", 2008, Computerworld, 10 March 2008</ref>
* [http://www.technologyonecorp.com/products/property-rating Property & Rating]<ref name="businessspectator.com.au">http://www.businessspectator.com.au/news/2014/1/28/technology/technologyone-teams-icon-eplanning, "TechnologyOne teams up with ICON on ePlanning", 2014, Computerworld, Adhikari, S., 28 January 2014</ref>
* [http://www.technologyonecorp.com/products/student-management Student Management]<ref name="theaustralian.com.au">http://www.theaustralian.com.au/business/latest/technologyone-seals-cq-university-deal/story-e6frg90f-1226907273309?nk=b5da21acddf0c24afbc88b82cbd432b1, "TechnologyOne seals CQ University deal", 2014, The Australian, Adhikari, S., 6 May 2014</ref>
* [http://www.technologyonecorp.com/products/enterprise-content-management Enterprise Content Management]<ref name="arnnet.com.au">http://www.arnnet.com.au/article/551110/newcastle_council_deploys_technologyone_enterprise_solution/, "Newcastle Council deploys TechnologyOne enterprise solution", 2014, ARN Net, Karlovsky, B., 29 July 2014</ref>
* [http://www.technologyonecorp.com/products/enterprise-cash-receipting Enterprise Cash Receipting]<ref name="idm.net.au">http://idm.net.au/article/009329-techone-wins-a3m-red-cross-deal, "TechOne wins $A3m Red Cross deal", 2014, Image and Data Manager, 25 October 2013</ref>
* [http://www.technologyonecorp.com/products/stakeholder-management Stakeholder Management]


In 2014, TechnologyOne entered the [[S&P/ASX 200]] Index and recorded $1 billion [[market capitalization]].<ref name="fool.com.au">{{cite web|url=https://www.fool.com.au/2015/01/27/the-asxs-largest-software-company-technology-one-limited-nears-52-week-high-should-you-buy/|title=The ASX's largest software company Technology One Limited nears 52-week high|website=Fool.com|date=27 January 2015 }}</ref>
===TechnologyOne Cloud===
In 2012, TechnologyOne announced its first cloud products as its vision for the future of software delivery<ref name="cio.com.au">[http://www.cio.com.au/article/416165/evolve_2012_technologyone_invests_200m_new_cloud_platform/, "TechnologyOne invests $200m in new Cloud platform"], 2012, CIO, Herrick, C., 22 February 2012</ref>. TechnologyOne now runs its own enterprise software for customers through the TechnologyOne Cloud, taking complete responsibility to provide a simple, cost effective and elastic model of computing. It passes on the benefits of economies of scale to provide a continually evolving cloud solution. Customers simply sign in to get enterprise software as a service.


In May 2017 Di Marco stepped down as CEO and COO, Edward Chung, took over as CEO.<ref>{{cite news|last1=Redrup|first1=Yolanda|title=TechnologyOne CEO Adrian Di Marco prepares to pass the baton|url=http://www.smh.com.au/business/technologyone-ceo-adrian-di-marco-prepares-to-pass-the-baton-20160114-gm6dmt.html|work=The Sydney Morning Herald|date=18 January 2016}}</ref><ref name=AFR2017-04>{{cite news|last1=Redrup|first1=Yolanda|title=TechnologyOne CEO Adrian Di Marco steps down after 30 years|url=http://www.afr.com/technology/enterprise-it/technologyone-ceo-adrian-di-marco-steps-down-after-30-years-20170328-gv89wh|work=Financial Review|date=7 April 2017}}</ref><ref>{{cite news|last1=McLean|first1=Asha|title=TechnologyOne CEO and founder hands reins to current COO|url=https://www.zdnet.com/article/technologyone-ceo-and-founder-hands-reins-to-current-coo/|work=ZDNet|date=April 7, 2017|language=en}}</ref> At the company’s full year results on 21 November 2017, the company’s cloud business turned a profit for the first time, posting a $2.5 million profit for the year to September, and signing 112 new cloud customers.<ref name="arnnet.com.au">{{cite web|url=https://www.arnnet.com.au/article/630275/technologyone-cloud-captures-2-5m-profit/|title=TechnologyOne cloud captures $2.5M profit|website=Arnnet.com}}</ref>
== References ==

In 2019, the company announced that it had reached $300 million of annual revenues.<ref name="Foye">{{cite news |last=Foye |first=Brendon |date=2018-11-20 |title=TechnologyOne scrapes $300 million milestone thanks to SaaS platform |url=https://www.crn.com.au/news/technologyone-scrapes-300-million-milestone-thanks-to-saas-platform-515817 |work=CRN |location=Australia |access-date=2019-07-08}}</ref>
It also added Cliff Rosenberg, formerly managing director of [[LinkedIn]], to its board of directors.<ref name="Kitney"/> By December 2019, half of TechnologyOne's business was in the cloud;<ref>{{cite news |last1=Kitney |first1=Damon |title=Technology boards 'must balance risk and creativity' |url=https://www.theaustralian.com.au/business/technology/tech-boards-must-find-right-risk-and-creativity-balance/news-story/fe370e0e4a0b2cc16fa12136e5e67b57 |access-date=3 February 2022 |work=The Australian |date=16 December 2019 |language=en-AU}}</ref> From 1999 to 2019, TechnologyOne doubled in size every five years.<ref name="Kitney">{{cite news |last1=Kitney |first1=Damon |title=Learning the 'Fosbury flop' taught boss to aim higher |url=https://www.theaustralian.com.au/business/leadership/learning-the-fosbury-flop-taught-boss-to-aim-higher/news-story/3422941b63077dff86e03a6dfa29cbbb |access-date=2 February 2022 |work=The Australian |date=27 April 2019 |language=en-AU}}</ref>

In 2020, the company announced that half of its customers had transitioned from on-premise to SaaS<ref>{{cite news |last1=Chanthadavong |first1=Aimee |title=TechnologyOne inks AU$5.8 million deal with Department of Treasury |url=https://www.zdnet.com/article/technologyone-inks-au5-8-million-deal-with-department-of-treasury/ |work=[[ZDNet]] |date=November 16, 2015 |language=en}}</ref> and that 86% of its revenue is now subscription revenue.<ref name="FY20 AR">{{cite news |title=FY20 Annual Report |url=https://technologyonecorp.com/__data/assets/pdf_file/0016/143224/FY20-Annual-Report.pdf}}</ref> As of May 2020, the company had posted 11 years of record annual profit.<ref>{{cite news |last1=Swan |first1=David |title=TechnologyOne still on growth path |url=https://www.theaustralian.com.au/business/technology/technologyone-still-on-growth-path/news-story/2e59a5bd91aa9fc982fbd9c035d33f4f |access-date=4 February 2022 |work=The Australian |date=19 May 2020}}</ref>

In September 2021, the company made their first international acquisition by acquiring UK-based higher education software company Scientia for £12 million.<ref>{{Cite web |title=TechnologyOne acquires Scientia to accelerate international growth |url=https://technologyonecorp.co.nz/resources/media-releases/technologyone-acquires-scientia-to-accelerate-international-growth |access-date=2022-06-07 |website=Technology One |language=en}}</ref><ref>{{Cite web |title=Australia's TechnologyOne acquires UK-based higher-ed platform Scientia for $16.6M |url=https://techcrunch.com/2021/09/03/australias-technologyone-acquires-uk-based-higher-ed-platform-scientia-for-16-6m/ |access-date=2022-06-07 |website=[[TechCrunch]]|date=3 September 2021 |language=en-US}}</ref>

==Software as a service==
Since 2012, the company has transitioned the business from being an [[on-premises software]] provider to a [[software as a service]] business.<ref>{{cite news |last=Herrick |first=Chloe |date=2012-02-22 |title=Evolve 2012: TechnologyOne invests $200m in new Cloud platform |url=https://www.cio.com.au/article/416165/evolve_2012_technologyone_invests_200m_new_cloud_platform/ |work=CIO from IDG |access-date=2019-07-08}}</ref> This has enabled clients to integrate<ref>{{Cite web|title=TechnologyOne rips out Vic council legacy enterprise system|url=https://www.arnnet.com.au/article/663811/technologyone-rips-vic-council-legacy-enterprise-system/|access-date=2020-06-06|website=ARN|date=9 July 2019 }}</ref> with third party providers such as [[MuleSoft]] and [[Salesforce]].

The first iteration of TechnologyOne’s cloud software was launched in 2014, which enabled users to access the platform via the cloud. This allows the company to offer a fully configurable service from its own servers.<ref name="Foye"/>

TechnologyOne products are used by more than 1,200 organisations in Australia and New Zealand. The company also has customers in the United Kingdom.<ref>{{cite news |last=Williams |first=Shannon |date=2019-06-20 |title=TechnologyOne launches STEAM Lab pilot launch in Queensland |url=https://itbrief.com.au/story/technologyone-launches-steam-lab-pilot-launch-in-queensland |work=IT Brief |location=Australia |access-date=2019-07-08}}</ref> By 2018, more than 30 per cent of TechnologyOne customers had transitioned to the company’s SaaS platform.<ref>{{cite news |last=Thomson |first=James |date=2018-11-25 |title=Cloud shift helps Technology One float above tech damage |url=https://www.afr.com/chanticleer/cloud-shift-helps-technology-one-float-above-tech-damage-20181125-h18bi0 |work=Australian Financial Review |access-date=2019-07-08}}</ref>

==Research and Development==
In 2010, TechnologyOne moved into its new $12 million headquarters in Brisbane, which included what was at the time the largest Australian-owned research and development facility.<ref>{{cite news |last1=Sharma |first1=Krishan |title=TechnologyOne launches $12m Brisbane headquarters |url=https://www.crn.com.au/news/technologyone-launches-12m-brisbane-headquarters-220930 |access-date=4 February 2022 |work=CRN Australia |date=26 July 2010}}</ref> The company has additional international R&D facilities.<ref>{{cite news |last1=Mezrani |first1=Leanne |title=TechnologyOne recruits overseas staff, skills shortage blamed |url=https://www.crn.com.au/news/technologyone-recruits-overseas-staff-skills-shortage-blamed-107359 |access-date=4 February 2022 |work=CRN Australia |date=3 April 2008}}</ref>

As of June 2019, the company had invested more than $500 million into research and development since its inception.<ref name="Redrup 2019">{{cite news |last1=Redrup |first1=Yolanda |title=TechnologyOne reveals its new app arsenal |url=https://www.afr.com/technology/technologyone-reveals-its-new-app-arsenal-20190606-p51v4d |access-date=4 February 2022 |work=Australian Financial Review |date=6 June 2019 |language=en}}</ref> As of 2021, research largely focuses on developing additional functionalities for TechnologyOne's software-as-a-service enterprise resource planning software.<ref>{{cite news |last1=Arboleda |first1=Nico |title=FedGov wins buoy TechnologyOne's record half |url=https://www.crn.com.au/news/fedgov-wins-buoy-technologyones-record-first-half-565008 |access-date=4 February 2022 |work=CRN Australia |date=25 May 2021}}</ref> It is also creating applications for artificial intelligence and developing a digital experience platform, intended to integrate [[front and back office application]]s.<ref>{{cite news |last1=Redrup |first1=Yolanda |title=TechnologyOne reveals its new app arsenal |url=https://www.afr.com/technology/technologyone-reveals-its-new-app-arsenal-20190606-p51v4d |access-date=4 February 2022 |work=Australian Financial Review |date=6 June 2019 |language=en}}</ref>

== List of mergers and acquisitions ==
TechnologyOne was founded in 1987.
{| class="wikitable sortable"
|-
!Number
! scope="col" style="width:100px" | Acquisition date
! scope="col" | Company
! scope="col" | Business
! scope="col" | Country
! scope="col" | Price
! scope="col" class="unsortable" | Refs.
|-
|1
| {{dts|2000|1}}
| Tablelands Computer Systems
|
| {{AUS}}
| style="text-align:center;" | —
| <ref name="TechOne book">{{cite news |title=TechnologyOne Book 2017 |url=https://issuu.com/technologyone/docs/technologyone_book-lr |work=[[Issuu]] |date=January 7, 2018 |language=en}}</ref>
|- scope="row"
|2
| {{dts|2001|12|6}}
| ProClaim Software Pty Ltd
| Claims Management
| {{AUS}}
| style="text-align:center;" | {{AUD|10.6 million|link=yes}}
| <ref>{{Cite web|url=http://www.computerworld.com.au/article/74161/technology_one_proclaims_acquisition_ambitions/|title=Technology One ProClaims acquisition ambitions|last=Swan|first=Georgina|website=Computerworld|access-date=2016-06-14}}</ref>
|- scope="row"
|3
| {{dts|2002|3}}
| Infoplan
|
| {{AUS}}
| style="text-align:center;" | —
| <ref name="TechOne book">{{cite news |title=TechnologyOne Book 2017 |url=https://issuu.com/technologyone/docs/technologyone_book-lr |work=[[Issuu]] |date=January 7, 2018 |language=en}}</ref>
|- scope="row"
|4
| {{dts|2007|10|1}}
| Avand Pty Ltd
| [[Enterprise Content Management]] (ECM)
| {{AUS}}
| style="text-align:center;" | {{AUD|10 million|link=yes}}
| <ref name=avand/>
|- scope="row"
|5
| {{dts|2008|8|1}}
| Outcome Manager
| [[Business Performance Management]] (CPM)
| {{AUS}}
| style="text-align:center;" | {{AUD|1 million|link=yes}}
| <ref>{{Cite web|url=http://www.arnnet.com.au/article/256724/technology_one_acquires_brisbane_isv/|title=Technology One acquires Brisbane ISV|last=Sainsbury|first=Matthew|website=ARN|access-date=2008-08-12}}</ref>
|- scope="row"
|6
| {{dts|2015|1|30}}
| ICON Software
| [[Enterprise Resource Planning]] (ERP)
| {{AUS}}
| style="text-align:center;" | {{AUD|10 million|link=yes}}
| <ref>{{Cite web|url=http://www.itwire.com/it-industry-news/listed-tech/66806-technologyone-buying-icon-software-in-$10-million-deal|title=TechnologyOne buying ICON Software in $10 million deal|last=Dinham|first=Peter|website=iTWire|access-date=2015-01-30}}</ref>
|- scope="row"
|7
| {{dts|2015|5|8}}
| Digital Mapping Solutions
| [[Geographic Information System]]
| {{AUS}}
| style="text-align:center;" | {{AUD|12 million|link=yes}}
| <ref>{{Cite web|url=http://www.afr.com/technology/technologyone-acquires-digital-mapping-solutions-for-12m-20150508-ggxecl|title=TechnologyOne acquires Digital Mapping Solutions for $12m|last=Redrup|first=Yolanda|website=Financial Review|date=8 May 2015 |access-date=2015-05-08}}</ref>
|- scope="row"
|8
| {{dts|2015|9|3}}
| Jeff Roorda & Associates
| [[Asset Management]]
| {{AUS}}
| style="text-align:center;" | {{AUD|10 million|link=yes}}
| <ref>{{Cite web|url=http://www.afr.com/technology/technologyone-acquires-jeff-roorda-and-associates-for-10-million-20151002-gjzn6u|title=TechnologyOne acquires Jeff Roorda and Associates for $10 million|last=Redrup|first=Yolanda|website=Financial Review|date=2 October 2015 |access-date=2015-10-02}}</ref>
|- scope="row"
|9
| {{dts|2021|10|2}}
| Scientia
| [[Education]]
| {{UK}}
| style="text-align:center;" | {{GBP|12 million|link=yes}}
| <ref>{{Cite web|url=https://techcrunch.com/2021/09/03/australias-technologyone-acquires-uk-based-higher-ed-platform-scientia-for-16-6m/|title=Australia's TechnologyOne acquires UK-based higher-ed platform Scientia for $16.6M|last=Butcher|first=Mike|website=Tech Crunch|date=3 September 2021 |access-date=2022-09-01}}</ref>
|- scope="row"
|}

==References==
{{reflist}}
{{reflist}}


==External links==
==External links==
*{{Official website}}
* [http://www.technologyonecorp.com/ www.technologyonecorp.com]

{{S&P/ASX 200}}


[[Category:Companies based in Brisbane]]
[[Category:Companies based in Brisbane]]
[[Category:Software companies of Australia]]
[[Category:Software companies of Australia]]
[[Category:Companies established in 1987]]
[[Category:Australian companies established in 1987]]
[[Category:Companies listed on the Australian Securities Exchange]]

Latest revision as of 07:44, 15 December 2024

Technology One Ltd
Company typePublic
ASX: TNE
IndustrySoftware development
Founded1987
FounderAdrian Di Marco
Headquarters
Brisbane
,
Australia
Number of locations
14[1]
Area served
Australia, Malaysia, New Zealand, United Kingdom, South Pacific
Key people
Edward Chung (CEO)
ProductsCommercial support software
ServicesBusiness support
Project management
Consulting[2]
Revenue$312 million (2021)
$73 million (2021)
Number of employees
1,200 (2021)
Websitetechnologyonecorp.com

TechnologyOne Limited is an Australian enterprise software company founded in 1987. The company is headquartered in Fortitude Valley in Brisbane, Australia, with other offices in United Kingdom, New Zealand, South Pacific and Asia. It is listed on the Australian Securities Exchange.

History

[edit]

TechnologyOne was founded by Adrian Di Marco in 1987, when he saw an opportunity to build a new generation of accounting software for businesses and government departments, using relational database technology.[3] DiMarco approached investors John and Dugald Mactaggart of J.L. Mactaggart Industries, a former customer, for financial backing.[4]

TechnologyOne set up its first research & development centre in a demountable office in the car park at Mactaggart’s hide processing plant in Hemmant, Brisbane, in 1987.[5] In the early 1990s, TechnologyOne built the Automated Titling System (ATS) for the Queensland Department of Natural Resource & Mines.[6]

In 1992, TechnologyOne developed a student administration system called College Administration System (CAP) for TAFE Queensland, which led to the development of StudentOne (now TechnologyOne Student Management), used by Australian universities.[7] The company also expanded in New Zealand.[8]

TechnologyOne was listed on the Australian Securities Exchange in 1999.[9] In October 2000, the company raised $18 million from investors including Hyperion Asset Management, Selector Funds Management, Pendal Group, Spheria Asset Management, Colonial First State, River Capital and Pengana.[10]

In 2005, TechnologyOne shifted focus from functionality-centric software to people-centric software.[11] In 2006, it expanded in UK with its first office in Maidenhead.[12]

In November 2010, TechnologyOne announced it would make its software available on the cloud.[13] The company invested heavily in research and development to transition its software functionalities into the cloud,[14][15] spending $150 million to develop its software-as-a-service cloud products.[16] It also released Ci Anywhere,[17] a version of its Connected Intelligence product hosted in the cloud and available from any desktop or mobile device.[18]

In 2014, TechnologyOne entered the S&P/ASX 200 Index and recorded $1 billion market capitalization.[19]

In May 2017 Di Marco stepped down as CEO and COO, Edward Chung, took over as CEO.[20][5][21] At the company’s full year results on 21 November 2017, the company’s cloud business turned a profit for the first time, posting a $2.5 million profit for the year to September, and signing 112 new cloud customers.[22]

In 2019, the company announced that it had reached $300 million of annual revenues.[23] It also added Cliff Rosenberg, formerly managing director of LinkedIn, to its board of directors.[24] By December 2019, half of TechnologyOne's business was in the cloud;[25] From 1999 to 2019, TechnologyOne doubled in size every five years.[24]

In 2020, the company announced that half of its customers had transitioned from on-premise to SaaS[26] and that 86% of its revenue is now subscription revenue.[27] As of May 2020, the company had posted 11 years of record annual profit.[28]

In September 2021, the company made their first international acquisition by acquiring UK-based higher education software company Scientia for £12 million.[29][30]

Software as a service

[edit]

Since 2012, the company has transitioned the business from being an on-premises software provider to a software as a service business.[31] This has enabled clients to integrate[32] with third party providers such as MuleSoft and Salesforce.

The first iteration of TechnologyOne’s cloud software was launched in 2014, which enabled users to access the platform via the cloud. This allows the company to offer a fully configurable service from its own servers.[23]

TechnologyOne products are used by more than 1,200 organisations in Australia and New Zealand. The company also has customers in the United Kingdom.[33] By 2018, more than 30 per cent of TechnologyOne customers had transitioned to the company’s SaaS platform.[34]

Research and Development

[edit]

In 2010, TechnologyOne moved into its new $12 million headquarters in Brisbane, which included what was at the time the largest Australian-owned research and development facility.[35] The company has additional international R&D facilities.[36]

As of June 2019, the company had invested more than $500 million into research and development since its inception.[37] As of 2021, research largely focuses on developing additional functionalities for TechnologyOne's software-as-a-service enterprise resource planning software.[38] It is also creating applications for artificial intelligence and developing a digital experience platform, intended to integrate front and back office applications.[39]

List of mergers and acquisitions

[edit]

TechnologyOne was founded in 1987.

Number Acquisition date Company Business Country Price Refs.
1 January 2000 Tablelands Computer Systems  Australia — [6]
2 December 6, 2001 ProClaim Software Pty Ltd Claims Management  Australia A$10.6 million [40]
3 March 2002 Infoplan  Australia — [6]
4 October 1, 2007 Avand Pty Ltd Enterprise Content Management (ECM)  Australia A$10 million [3]
5 August 1, 2008 Outcome Manager Business Performance Management (CPM)  Australia A$1 million [41]
6 January 30, 2015 ICON Software Enterprise Resource Planning (ERP)  Australia A$10 million [42]
7 May 8, 2015 Digital Mapping Solutions Geographic Information System  Australia A$12 million [43]
8 September 3, 2015 Jeff Roorda & Associates Asset Management  Australia A$10 million [44]
9 October 2, 2021 Scientia Education  United Kingdom £12 million [45]

References

[edit]
  1. ^ "Office Locations". TechnologyOne.
  2. ^ "Services". TechnologyOne.
  3. ^ a b Bingemann, Mitchell (12 October 2007). "TechnologyOne acquires Avand for $10 million". iTnews. ITWire.
  4. ^ "How this man built a $250 million IT company". Business News. 28 January 2011.
  5. ^ a b Redrup, Yolanda (7 April 2017). "TechnologyOne CEO Adrian Di Marco steps down after 30 years". Financial Review.
  6. ^ a b c "TechnologyOne Book 2017". Issuu. 7 January 2018.
  7. ^ Bryant, Gale (20 July 1998). "'Technological cringe' leaves industry at a loss, says IT boss". Australian Financial Review.
  8. ^ O'Neill, Rob (19 November 2019). "TechOne surges in New Zealand as SaaS drives sales overall". Reseller News.
  9. ^ "TechnologyOne Limited details". Archived from the original on 4 March 2016.
  10. ^ Tuner, Sarah; Richardson, Tom (24 April 2020). "Hyperion leads the Mercer long-only pack". Australian Financial Review.
  11. ^ Swan, David (25 November 2014). "TechnologyOne posts record profit". The Australian.
  12. ^ Woodhead, Ben (28 February 2006). "Profit paves the road for UK push". Australian Financial Review.
  13. ^ Ho, Colin (15 November 2010). "TechnologyOne announces cloud strategy". ZDNet. Archived from the original on 28 October 2020. Retrieved 3 February 2022.
  14. ^ Lohman, Tim (23 May 2011). "R&D central to TechnologyOne's Cloud transition". Computerworld.
  15. ^ Boreham, Tim (7 May 2012). "Feet firmly on ground while eyeing the cloud". The Australian.
  16. ^ Boreham, Tim (28 May 2014). "Head in the clouds, but there's lots of blue sky". The Australian.
  17. ^ Swan, David (25 November 2014). "TechnologyOne posts record profit". The Australian.
  18. ^ Redrup, Yolanda (19 November 2018). "TechnologyOne hits nine years of record profits". Australian Financial Review. Retrieved 3 February 2022.
  19. ^ "The ASX's largest software company Technology One Limited nears 52-week high". Fool.com. 27 January 2015.
  20. ^ Redrup, Yolanda (18 January 2016). "TechnologyOne CEO Adrian Di Marco prepares to pass the baton". The Sydney Morning Herald.
  21. ^ McLean, Asha (7 April 2017). "TechnologyOne CEO and founder hands reins to current COO". ZDNet.
  22. ^ "TechnologyOne cloud captures $2.5M profit". Arnnet.com.
  23. ^ a b Foye, Brendon (20 November 2018). "TechnologyOne scrapes $300 million milestone thanks to SaaS platform". CRN. Australia. Retrieved 8 July 2019.
  24. ^ a b Kitney, Damon (27 April 2019). "Learning the 'Fosbury flop' taught boss to aim higher". The Australian. Retrieved 2 February 2022.
  25. ^ Kitney, Damon (16 December 2019). "Technology boards 'must balance risk and creativity'". The Australian. Retrieved 3 February 2022.
  26. ^ Chanthadavong, Aimee (16 November 2015). "TechnologyOne inks AU$5.8 million deal with Department of Treasury". ZDNet.
  27. ^ "FY20 Annual Report" (PDF).
  28. ^ Swan, David (19 May 2020). "TechnologyOne still on growth path". The Australian. Retrieved 4 February 2022.
  29. ^ "TechnologyOne acquires Scientia to accelerate international growth". Technology One. Retrieved 7 June 2022.
  30. ^ "Australia's TechnologyOne acquires UK-based higher-ed platform Scientia for $16.6M". TechCrunch. 3 September 2021. Retrieved 7 June 2022.
  31. ^ Herrick, Chloe (22 February 2012). "Evolve 2012: TechnologyOne invests $200m in new Cloud platform". CIO from IDG. Retrieved 8 July 2019.
  32. ^ "TechnologyOne rips out Vic council legacy enterprise system". ARN. 9 July 2019. Retrieved 6 June 2020.
  33. ^ Williams, Shannon (20 June 2019). "TechnologyOne launches STEAM Lab pilot launch in Queensland". IT Brief. Australia. Retrieved 8 July 2019.
  34. ^ Thomson, James (25 November 2018). "Cloud shift helps Technology One float above tech damage". Australian Financial Review. Retrieved 8 July 2019.
  35. ^ Sharma, Krishan (26 July 2010). "TechnologyOne launches $12m Brisbane headquarters". CRN Australia. Retrieved 4 February 2022.
  36. ^ Mezrani, Leanne (3 April 2008). "TechnologyOne recruits overseas staff, skills shortage blamed". CRN Australia. Retrieved 4 February 2022.
  37. ^ Redrup, Yolanda (6 June 2019). "TechnologyOne reveals its new app arsenal". Australian Financial Review. Retrieved 4 February 2022.
  38. ^ Arboleda, Nico (25 May 2021). "FedGov wins buoy TechnologyOne's record half". CRN Australia. Retrieved 4 February 2022.
  39. ^ Redrup, Yolanda (6 June 2019). "TechnologyOne reveals its new app arsenal". Australian Financial Review. Retrieved 4 February 2022.
  40. ^ Swan, Georgina. "Technology One ProClaims acquisition ambitions". Computerworld. Retrieved 14 June 2016.
  41. ^ Sainsbury, Matthew. "Technology One acquires Brisbane ISV". ARN. Retrieved 12 August 2008.
  42. ^ Dinham, Peter. "TechnologyOne buying ICON Software in $10 million deal". iTWire. Retrieved 30 January 2015.
  43. ^ Redrup, Yolanda (8 May 2015). "TechnologyOne acquires Digital Mapping Solutions for $12m". Financial Review. Retrieved 8 May 2015.
  44. ^ Redrup, Yolanda (2 October 2015). "TechnologyOne acquires Jeff Roorda and Associates for $10 million". Financial Review. Retrieved 2 October 2015.
  45. ^ Butcher, Mike (3 September 2021). "Australia's TechnologyOne acquires UK-based higher-ed platform Scientia for $16.6M". Tech Crunch. Retrieved 1 September 2022.
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