TechnologyOne becomes latest company to join Pledge 1% movement, announces TechnologyOne Foundation
Australia’s largest enterprise software provider TechnologyOne (ASX:TNE) has announced the establishment of a company-wide foundation, underpinning its endeavour to support the development of underprivileged and at-risk youth in its communities.
“The TechnologyOne Foundation will institutionalise what we do as a company, not just now, but into the future. This is an important milestone in the company's history,” said TechnologyOne’s Executive Chairman, Adrian Di Marco.
The foundation will include four key initiatives, which offer employees an opportunity to be involved in various charitable outreach programs.
Among the key initiatives is joining Pledge 1%, which commits TechnologyOne to donating 1% of its time, 1% of profit and 1% of its product—amounting to a multi-million dollar annual investment.
“The Pledge 1% corporate philanthropy movement has gained increasing momentum, with other leading organisations such as Salesforce,” Mr Di Marco said.
The TechnologyOne Foundation will also include a workplace giving program, disaster outreach relief and a recycle IT program, which involves donating IT equipment to centres that provide training and education to disadvantaged youth.
“We believe organisations have a unique opportunity to make a difference in the communities in which they operate, to ensure they can thrive and grow,” said Mr Di Marco.
“We’re making this commitment because it is the right thing to do. As a large, successful company we have the capability and capacity to make a difference.
“We pride ourselves on holding a strong set of values that underpin the way in which we conduct ourselves. The foundation is a natural extension of these values, empowering our people to a make a difference in their communities.
“Our focus for the foundation will be supporting the development of underprivileged, at risk youth within our communities, by empowering them to transform their lives and create their own pathways of success.
“We’ll do this through working with grassroots charities and inspirational Australians doing incredible things, like Gemma Sisia, who founded The School of St Jude in Tanzania. Through the foundation, this will enable us to do a lot more.”
Mr Di Marco said the foundation expanded on the company’s existing fundraising and community program, which raises money for its key charity partners; Mission Australia, The Salvation Army and The School of St Jude, and supports a wide range of disadvantaged youth programs in the areas in which it operates.
The software provider donated $33,000 to each of these charities in 2015, with employees raising $20,000 as part of its annual December Fundraising Appeal, and the company matching this 4-1 to bring the total to $100,000.
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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