Established in Queensland in 1987, TechnologyOne is one of Australia’s largest publicly listed software companies, operating throughout Australia, New Zealand, Asia, the Pacific region and the United Kingdom.

Employing more than 670 people, TechnologyOne has been continually profitable since 1992, returning compound annual growth of 31 percent per annum net profit before tax (NPBT). 

TechnologyOne has doubled its revenue, profits and employees approximately every two and a half years over the last 15 years.

In 2008, TechnologyOne celebrated its 21st year of business and now operates across seven key markets: Financial Services, Education, Health and Community Services, Local Government, Government, Utilities and Managed Services.

With a comprehensive suite of business software solutions, TechnologyOne has increased its product range in 2008 with the acquisition of the Performance Planning solution.

This has enhanced TechnologyOne’s range of available solutions and integrates with the organisation’s existing offerings of Financials, Human Resource & Payroll, Supply Chain, Business Intelligence, Budgeting, Property and Rating, Student Management, Works and Assets, Enterprise Content Management and Customer Relationship Management solutions.

Due to the company’s significant growth, TechnologyOne has also signed a seven year lease within the new HQ building in Fortitude Valley. 

TechnologyOne will move staff from existing sites in Toowong, Taringa and an existing Fortitude Valley office upon completion of the new building in 2010.

Keying in Results

Once again in 2008, TechnologyOne achieved excellent results with NPBT up 17 percent to $23.13million, with revenue increasing by 41 percent to $110.2million and fully expensing $21.2million on research and development (19 percent of total revenue). 

“The company has also continued to grow substantially with more than 180 new staff members joining the TechnologyOne team,” said TechnologyOne executive chairman Adrian Di Marco. “Approximately one third of our workforce has been with the company for five years or more, which is well above the industry average.”

TechnologyOne also continues to win exciting new deals throughout Australia, New Zealand, Malaysia and the UK, including the Queensland Department of Premier and Cabinet, the PNG Department of Lands, and the Strathclyde Partnership for Transport in the UK.

The past 12 months have seen TechnologyOne meet significant objectives. 

“Last year, the organisation has achieved its aim of increasing both organisational growth and profit, ensuring a solid foundation for the year ahead. We have also continued to invest significantly in research and development, which totalled $21.2million last financial year.”

New Solutions

TechnologyOne continued to increase its foothold in all markets, winning large and high profile contracts and launching new solutions, TechnologyOne Business Intelligence and TechnologyOne Enterprise Budgeting solutions.

“The seamless implementation of existing customers onto our Connected Intelligence (Ci) platform has also ensured our continued success; this is an accomplishment that has remained elusive for the large multi-national giants,” said Mr Di Marco.

“In 2008 TechnologyOne acquired software vendor Outcome Manager, which we brand as TechnologyOne Performance Planning. This has enabled the company to provide customers with a sophisticated, web-enabled strategic planning and corporate performance management (CPM) solution.

“TechnologyOne Performance Planning is designed to improve service delivery through better planning and decision making.”

TechnologyOne also launched its new fully integrated Customer Relationship Management (CRM) solution, which will assist organisations to manage their stakeholder relationships. Unlike other CRM solutions that are available on the market, the TechnologyOne CRM does not focus only on CRM functionality from a sales perspective to make sure organisations that do not have customers, but have stakeholders or residents instead, can use the solution.

TechnologyOne has enhanced the consulting services that are available to customers by offering Virtual Consultant, an online service that provides access to specialist knowledge at a cost effective rate.

Healthy results

Mr Di Marco said TechnologyOne’s continued innovative drive was reflected in the company’s financial results, especially the growth in NPBT by 17 percent to $23.13million.

“These results have been achieved over a period of significant upheaval in the financial markets, and this is a good indicator of the strength of our business and the importance placed by our prospective customers on their enterprise software systems,” Mr Di Marco said.

“Each business unit within the company has experienced significant growth. We have welcomed more than 180 new staff members and opened a second office in the United Kingdom to service the growing customer base in this region,” Mr Di Marco said.

“The New Zealand operation has also seen a new office open in Wellington.”

Mr Di Marco said most of the company’s growth is coming in  the sectors of R&D and consulting – a healthy situation.

“TechnologyOne will continue to invest significantly in research and development and the organisation is well placed to act quickly should any attractive acquisition opportunities arise,” Mr Di Marco said.

We have recently signed a contract for new and expanded premises in Brisbane’s Fortitude Valley, where the organisation will relocate in 2010.”

It shows that TechnologyOne’s strong concentration on innovation and R&D has helped the company in the general downturn in the ICT sector globally.

For TechnologyOne, it’s technology won.

www.technologyonecorp.com ◊

TechnologyOne

• Net Profit After Tax (NPAT) up 17% to $17.23million.

• Net Profit Before Tax (NPBT) up 17% to $23.13m.

• Revenue up 41% to $110.2m.

• Licence fees up 23% to $22.6m.

• Consulting revenue up 59% to $35.8m.

• Plus/Project Services revenue up 17% to $10.5m.

• R&D expenditure up 53% to $21.2m, representing 19% of revenue, fully expensed as incurred during the year.

• Expenses excluding R&D up 47% to $65.9m. ◊

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