TechnologyOne to acquire Digital Mapping Solutions (DMS), Australia’s leading web-based mapping and spatial data solution
TechnologyOne (ASX:TNE), Australia's largest enterprise software company and a leader in innovation and creativity, has entered into an agreement to acquire Digital Mapping Solutions (DMS) for approximately $12 million.
This acquisition further reinforces TechnologyOne’s strategic focus on providing relevant, innovative enterprise solutions for local government, government and asset intensive organisations.
“Up until now, it has not been easy to use spatial data - it has been problematic and the systems fragmented,” said Adrian Di Marco, TechnologyOne’s Executive Chairman.
“DMS will play an important part in delivering our enterprise software as a service to our customers on the TechnologyOne Cloud, enabling us to easily and deeply embed spatial data with enterprise data such as property and assets. We can now offer spatial data as a service, in the same way we are offering document management as a service and enterprise software as a service,” he said.
“With its suitability for the cloud, the benefits of combining visual mapping tools with enterprise software and our proven partnership over many years, DMS is a natural inclusion in TechnologyOne’s solution set.
“Once again, TechnologyOne is leading the way. Other enterprise vendors who take the dirty hosting approach with their software, cannot work with spatial data without complex and costly integration,” he said. “This is the true beauty of the Software as a Service (SaaS) model. When we enhance our solution with a substantial feature like this, all of our cloud customers benefit from it.
“The unique IP and market-leading functionality we are acquiring with DMS, supports our vision of delivering enterprise software that is incredibly easy to use and that meets the needs of customers in our target markets.”
David Baxter, Managing Director at DMS said, “DMS is excited to be joining one of Australia’s leading software companies, particularly in light of TechnologyOne’s track record in innovation, research and development which closely aligns with our own vision.