Since the successful launch of its new
industry-leading preconfigured “One” solutions a year ago, TechnologyOne
(ASX:TNE) has secured 38 customers in deals worth more than $16m, replacing
multinationals Oracle and Microsoft at more than 20 per cent of sites.
Customers including the Civil Aviation
Safety Authority (CASA) and Newcastle Ports have signed up for the new
preconfigured enterprise software solutions, which provide a proven practice template
for sectors including government, financial services, education, local
government, utilities and health.
TechnologyOne Executive Chairman Adrian
Di Marco said the success of products like OneGovernment and OneCouncil across
Australia and New Zealand was a sign of things to come.
“This year the world has changed beyond
recognition from both a technology point of view and because of budgets
“We are winning business because we
have a low risk, proven practice product that can be implemented quickly and
cost effectively, at a time when many large business and government bodies are
looking to replace their systems.
“The market is swamped with tenders at
the moment from organisations that have been suffering with their existing
systems for too long. We are hearing they cannot afford the maintenance costs
and do not want to be beholden to consultants,” Mr Di Marco said.
“Everyone is looking for simplicity and
sustainability – they only want to deal with one vendor and they want reassurance
their software will be relevant in 10 and even 15 years’ time.
“The reseller model is broken because
companies that don’t implement and support software won’t take responsibility for
failures and upgrades are often massively costly, while at the other end of the
market customers are worried about investing in software from small vendors in
case it becomes obsolete.
“The rapid rate of change we have seen
in the last 12 months will continue and could even accelerate, so companies
that cannot afford to commit large budgets to research and development
(R&D) are likely to fall by the wayside.
“It stands to reason that
there will be more market consolidation as smaller players don’t have a big
enough team to move to an agile environment, the dollars needed for R&D or
the ability to attract top developers,” Mr Di Marco said.
TechnologyOne, the largest Australian owned enterprise software company, spent more than $30million on R&D last year to ensure its products remain relevant for the long term.
TechnologyOne (ASX: TNE) is a leading enterprise software solutions
provider. For more than 25 years we have
been providing deeply integrated software solutions for business, government,
financial services, health and community, education and the utilities
sectors. Tens of thousands of people
each day use our world class solutions which we develop, implement and support,
and include, Financials, Human Resource & Payroll, Supply Chain, Business
Intelligence, Budgeting, Performance Planning, Property & Rating, Customer
Relationship Management, Student Management, Asset Management and Enterprise
Content Management. Our organisation
wide solution suite, integration solutions and custom designed solutions
provide world class services which are based on leading edge technology and are
backed up by a substantial R&D program providing our customers with a long
term, secure and valuable partnership.
TechnologyOne employs more than 750 people and has offices in each State
and Territory of Australia, as well as New Zealand, Papua New Guinea, Malaysia
and the United Kingdom.
For further information please visit www.TechnologyOneCorp.com.
Media Contact Details: For more information, please contact: Jenna Fairbairn,
Advisor, TechnologyOne, Phone: 0731677672, Mobile: 0478 318 617,