Brisbane to house largest Australian commercial software R&D facility
Fortitude Valley will be home to the largest Australian owned commercial research and development facility for enterprise software, when TechnologyOne (ASX: TNE) opens its new international headquarters in the Leighton HQ development at Wickham Street next week.
The publicly-listed software company, which has offices across Australia, New Zealand, the UK, Asia and the Pacific Rim, is consolidating its three Brisbane offices into the new Six Star Green Star rated accommodation; in the heart of Brisbane's Fortitude Valley precinct.
According to TechnologyOne Executive Chairman, Adrian Di Marco, the company has taken 6700sq/m in the north tower of the development, in a strategic move that will see it continue to deliver advanced software solutions which meet the changing needs of its customer base.
"We have put considerable time, effort and resources into this project. The $12 million fit out was designed to improve collaboration and innovation for the company's 350+ software developers, who represent some of Australia's best technology talent.
"Our facilities need to be at the cutting edge to attract and retain the best IT talent in the country and to compete effectively in the global software market," said Mr Di Marco.
Mr Di Marco said he was passionate about ensuring the research and development centre was based in Brisbane.
"Brisbane has so many advantages; such as our lifestyle, our low cost of living, world class universities and our very creative and talented young people. We saw no reason why we needed to move to Silicon Valley, Europe or somewhere like India to compete on the international stage," he said.
"We have more than 350 Australian-based developers and we successfully export our software internationally. Every day, our software successfully competes against alternative offerings from the world's biggest software companies; Oracle, Microsoft and SAP," said Mr Di Marco.
Mr Di Marco said he believed a creative, productive workforce needed to maintain a healthy work/life balance and the headquarters included features such as a bike centre, a large ‘Village Green' communal kitchen with games area, a wellness room, and nearby facilities for sports and fitness pursuits.
The company also provides other perks such as free breakfast daily and Friday afternoon drinks.
Lord Mayor of Brisbane, Campbell Newman said TechnologyOne has harnessed the best of what Brisbane has to offer to businesses looking to set up their international headquarters in a dynamic, progressive and exciting new world city.
Brisbane is a city full of creativity with a large pool of professional talent, a great climate and a culture of collaboration," he said.
"TechnologyOne has shown it is an excellent base from which to grow a globally successful business - the cutting edge software company has been headquartered in Brisbane since launching more than 20 years ago and intends to stay here to continue its impressive international expansion.
The move to the new R&D centre will allow the company to commence the development of its next generation of enterprise software. At a projected cost of $120m, the project - code named "Next Gen" - will embrace leading edge concepts and emerging ‘start of the art ‘technologies.
It will follow the success of TechnologyOne's Connected Intelligence platform, released in 2005 and now used by more than 800 of Australia's largest corporations, government departments, universities and utilities providers.
The TechnologyOne success story began 22 years ago at the front of a hide processing plant in the outer industrial Brisbane suburb of Hemment, with no venture capital and a grim looking future. Today, the company services seven key vertical markets and is one of Asutralia's largest and most successful publicly listed software companies.
"I started this company in 1987 to build software that would compete with the world's biggest software companies by harnessing Australian talent and innovation. Our company now has revenue in excess of $140 million per annum, and the success of our strategy is such that we have been doubling in size every four years over the last 16 years.
"I firmly believe that much of our company's success over the years can be attributed to our ability to tap into the talent, innovation, passion and enthusiasm of our young people. Our new R&D facilities will further enhance this and will underpin the next stage of our growth" said Mr Di Marco.