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 tightening globally.

“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.

ENDS 

About TechnologyOne

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,

Corporate Communications Advisor, TechnologyOne, Phone: 0731677672, Mobile: 0478 318 617,

Email : Jenna_Fairbairn@TechnologyOneCorp.com