TechnologyOne sees a surge in local government sales

TechnologyOne (ASX:TNE), Australia’s leading enterprise software as a service provider announced today that FY17 was a record year for local government deals with a 48 per cent increase in licence fees in this sector.

We also closed a strong fourth quarter in FY17 in the local government market with 10 new major deals totalling $40 million in total contract revenue - across Queensland, New South Wales, Victoria, South Australia and Western Australia.

TechnologyOne Chief Executive Officer, Edward Chung said there was a 90+% win rate and a surge in the value and quantum of local government deals closed in FY17.

“We dominated competitors in the local government sector by securing 240 deals from Australia, New Zealand and the UK in FY17. Of these, 222 were new purchases from our loyal existing customers and 18 were new customers,” Mr Chung said.

“More than 18 new customers chose TechnologyOne’s integrated enterprise software as a service solution over competitors.

“Also many amalgamated councils kicked-out outdated standalone software products from the likes of Civica and Infor who continue to dress-up their old hosted solutions as cloud.

TechnologyOne Executive Chairman, Adrian Di Marco said the company had geared up to continue its domination of the local government market in the coming year.

“This is the tip of the iceberg for us as we continue to deliver our market leading integrated solution to meet the growing demands for digital transformation by local governments. We are uniquely placed to do this because of our mass production, digitally enabled software as a solution, that is delivering significant benefits to the sector.

“We have more than 300 council customers and are continuing to grow fast” he said.

“We continue to deliver exceptional projects at breakneck speed with several recent SaaS go-lives being implemented in less than 12 weeks.

“The press has been unfortunately very focused on the BCC litigation. This was an entirely different project to anything else we have ever contracted, and our customers and the local government sector understand this.

BCC were a development partner which has never before been done in local government; and BCC struggled to fulfill their obligations. This was highlighted in an independent report commissioned by BCC which they have continually refused to release, because they have publicly stated it would not be in the interest of the rate payers of Brisbane. Clearly this has been an unfortunate event for both BCC and TechnologyOne.”

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About TechnologyOne

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 30 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

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Phone: +61 (07) 3167 7991