TechnologyOne tops R&D spend in Australia
TechnologyOne is Australia’s second largest investor in R&D, topping a table of all Australian companies in the latest Intellectual Property Research Institute of Australia’s R&D and Intellectual Property Scoreboard 2006.
The company, which last year invested 19% of Revenue into R&D, was also ranked the fifth most innovative organisation in Australia.
Executive Chairman Adrian Di Marco said the scoreboard highlighted TechnologyOne’s commitment to continual R&D.
“TechnologyOne’s success has come from our ability to quickly respond with speed and agility to market changes and our customers business requirements.
“We continue to lead the IT marketplace with new generation applications. Our current Connected Intelligence platform is new generation technology that is well ahead of competitive offerings, and gives us a solid market position.
“In 2005/06, we invested $12.68 million into R&D, and in the current year we are on target to invest a further 19% of revenue into the ongoing development of our solutions.
“We will rollout our remaining products on our Connected Intelligence platform in the next 12 months, including our Student Management and Property & Rating solutions.
“Our commitment to R&D and the strength of our solutions has helped us to gain a market leading position in the mid tier sector, and we are now beginning to win new business with organisations in the Tier One sector as they realise the benefits of our value proposition and integrated product suite."
TechnologyOne was also recently ranked one of the Best 200 under a Billion of all Asia Pacific organisations by Forbes Asia magazine. The magazine ranked the most dynamic publicly traded firms in the Asia Pacific region.
“Track records of sustained growth and profitability distinguish these companies, as do savvy, and often founding, management teams with business models increasingly aimed as sales both home and abroad,” the magazine reported in its 30 October 2006 edition.