TechnologyOne to acquire Jeff Roorda and Associates (JRA), Australia’s leading Strategic Asset Management provider

TechnologyOne (ASX:TNE), Australia's most successful enterprise software company and a leader in innovation and creativity, has entered into an agreement to acquire Jeff Roorda and Associates (JRA) for approximately $10 million.

This acquisition cements TechnologyOne’s position as the leading provider of innovative enterprise solutions for local government, government and asset intensive organisations.

“Our acquisition of JRA aligns with our strategy to continuously deepen and broaden our enterprise solutions for the industries we operate in,” said Adrian Di Marco, TechnologyOne’s Executive Chairman.

“JRA’s deep functional and industry knowledge will expand our leading enterprise solution for asset-intensive organisations, delivering specialist expertise and capability to our customers. The unique IP and market-leading functionality we are acquiring with JRA supports our vision of delivering enterprise software that is incredibly easy to use and that meets the needs of customers in our target markets.

“This acquisition enables us to improve upon our existing offering, particularly for customers who have invested in our Asset Management software. We are now positioned well to deliver on our power of one promise and take complete accountability for our customers’ long term success.”

Jeff Roorda, General Manager at JRA said, “JRA is excited to be joining one of Australia’s leading software companies, particularly in light of TechnologyOne’s track record in providing end-to-end solutions to asset intensive industries, and continued investment in innovation, which aligns closely with our own vision.

“We’ve always admired TechnologyOne’s deep relationship with its customers, and we look forward to the opportunities ahead to take our software and services to the next level as part of the TechnologyOne team,” he said.

Established in 1993 to specialise in asset management planning for government infrastructure, JRA is recognised nationally as a leader in local government reform. JRA provides asset management practice, training and implementation programmes for engineers, accountants and senior management in Australasia and North America, with key customers including San Francisco’s Bay Area Rapid Transit (BART).

“Our acquisition of JRA aligns with our plans for further geographic expansion, with an established customer base in North America. Developed in Australia, we have built a global platform that has succeeded in our existing regions and positions us well for future growth,” Mr Di Marco said.

JRA’s prediction models have been built using benchmarking and performance data across critical infrastructure asset classes, such as roads, drainage, buildings, pipe networks, mechanical and electrical plant. Customers use the solution to determine renewal, upgrade, replacement and maintenance strategies to optimise asset performance, within available budgets, over the long term.

“JRA’s solution provides long-term planning, risk management and performance optimisation strategies for organisations that manage public infrastructure worth billions of dollars. With proven degradation models based on years of data, it calculates remaining life and optimum lifecycle cost of assets,” Mr Di Marco said.

“JRA is unique in its offering, combining asset management policy and practice expertise, international thought leadership, data aggregation and analysis with software that enables implementation of strategic asset management.

“We remain deeply committed to supporting JRA’s existing software, and will invest in redeveloping the solution to integrate into our software platform and deliver as a Software as a Service offering. This will provide our customers with a consistent experience across all our solutions.”

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About TechnologyOne
TechnologyOne (ASX:TNE) is Australia's largest and most successful 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 seven key markets: government, local government, financial services, education, health and community services, utilities and managed services. For these markets we develop, market, sell, implement, support and run our preconfigured solutions, which reduce time, cost and risk for our customers.

For 27 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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