TechnologyOne accelerates momentum of Asset Management solution, following acquisition of Jeff Roorda & Associates
TechnologyOne (ASX: TNE) is quickly emerging as a leading enterprise asset management provider, signing a number of new customers for its Strategic Asset Management solution since acquiring Jeff Roorda & Associates (JRA).
In the few months since the 2 October acquisition, the software provider has inked deals with Museum of New Zealand Te Papa Tongarewa and New Plymouth District Council in New Zealand, Armidale, Auburn and Tamworth Councils in New South Wales and Shire of Campaspe in Victoria.
The acquisition of JRA was timely for TechnologyOne’s local government customers, with the New South Wales’ recent Fit for the Future reform prompting councils to look more closely at how they manage their assets, in order to meet service levels and remain financially sustainable.
“TechnologyOne’s acquisition of Jeff Roorda & Associates was the major deciding factor in Tamworth choosing TechnologyOne’s Strategic Asset Management (SAM) solution,” said Tamworth Regional Council Manager, Business Systems and Solutions Chris Weber.
“We were looking at a few providers, with the others being ‘best of breed’ alternatives. As an existing TechnologyOne customer, we believed the knowledge and experience that JRA brings to the table with their SAM solution as part of a wider enterprise solution would have a superior outcome for TRC.
“We will now have a single asset register and are working towards integration into the operational work management system, which means day-to-day asset management processes will automatically assist in improving our SAM processes. This would have been more difficult to achieve with the other solutions.”
The in-depth knowledge and industry IP that TechnologyOne acquired with JRA was the final decision maker in choosing TechnologyOne, Mr Weber added.
“The work Jeff and his team produce is seen as an industry standard. Jeff has more than 20 years of data that Tamworth can use to benchmark across our asset classes, while we go through the process of gathering and updating our own data."
Mr Weber said the use of TechnologyOne’s SAM solution will enable the council to gain a clearer view of $1.34 billion worth of assets, improve asset governance and manage assets across their lifecycle.
“Previously, the way we managed our assets long term was inconsistent across different asset classes,” he said.
“SAM will equip us for better decision making, with a more consistent view of what assets we have, what condition they are in, what budget allocation we have for maintaining them and what options we can provide the community based on funding levels.
“Only with this integrated approach to strategic asset management can we fully understand how we can maintain our service levels for our assets into the future, and remain financially sustainable while doing so.”
TechnologyOne’s Group General Manager for local government and asset intensive industries Peter Suchting, said the acquisition of JRA has enabled TechnologyOne to improve upon its existing software offering, particularly for customers like Tamworth Regional Council, who had already invested in its Asset Management software.
“Councils need to understand the current health of their assets, what their service level targets are, how they will fund them and how to deal with any funding gaps,” Mr Suchting said.
“In this way, decisions about where and when to spend money are based on long-term, community driven outcomes rather than short term goals. This is why our existing and new customers are welcoming the inclusion of JRA’s Strategic Asset Management solution as part of our Enterprise Asset Management software.
“We’re now better positioned to deliver on our power of one promise and take complete accountability for our customers’ long term success.”
TechnologyOne’s Executive Chairman Adrian Di Marco added: “TechnologyOne is not an acquisition driven business, preferring organic growth because of the significant cost, time, effort and management distraction that accompanies an acquisition.
“Having said this, there are times when acquisitions makes sense, such as when the opportunity arises to acquire Intellectual Property (IP) that allows us to extend our enterprise footprint into new areas that we do not currently support, and which would take an inordinate amount of time, money and risk for us to develop ourselves.
“This acquisition puts our enterprise solution ahead of the market, making us the only enterprise solution provider with the depth and breadth that we offer.”
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TechnologyOne (ASX:TNE) is Australia's largest enterprise software company and one of Australia's top 200 ASX-listed companies, with offices across six countries. We create solutions that transform business and make life simple for our customers. We do this by providing powerful, deeply integrated enterprise software that is incredibly easy to use. Over 1,000 leading corporations, government departments and statutory authorities are powered by our software.
We participate in only eight key markets: government, local government, financial services, education, health and community services, asset intensive industries, project intensive industries and corporates. For these markets we develop, market, sell, implement, support and run our preconfigured solutions, which reduce time, cost and risk for our customers.
For 28 years, we have been providing our customers enterprise software that evolves and adapts to new and emerging technologies, allowing them to focus on their business and not technology. Today, our software is available on the TechnologyOne Cloud and across smart mobile devices.
For further information please visit: TechnologyOneCorp.com