TechnologyOne closes strong year in local government as sales continue to skyrocket

TechnologyOne (ASX:TNE) has closed another successful year in the local government sector in 2017, signing 240 new deals across Australia, New Zealand and the United Kingdom.

TechnologyOne’s Chief Executive Officer, Mr Edward Chung, said: “Last year TechnologyOne continued to dominate in the local government sector, where we closed 10 new major deals totalling $40 million in contract revenue in the last quarter across Queensland, New South Wales, Victoria, South Australia and Western Australia. TechnologyOne had a 90+ per cent win rate.”

New Australian customers signed included Shoalhaven City Council, Inner West Council and Mid Coast Council in New South Wales. The company also signed a multi-million-dollar deal to extend its existing relationship with Moreton Bay Regional Council in Queensland.

“Our performance in the various NSW amalgamation tenders was unprecedented, dominating the market with success in every tender we contested,” Mr Chung added.

In addition to strong sales growth in local government, the company successfully completed more than 100 customer go-lives, including Australian local government customers Cumberland Council and Glenorchy City Council.

“We have more than 300 council customers and are continuing to grow fast. Last year we delivered exceptional projects at breakneck speed, with several recent SaaS go lives being implemented in less than 12 weeks,” Mr Chung said.

“Our consulting offering is a key differentiator for us in the local government space. Through more than 17 years’ dominance in the sector, customers benefit from our consultants’ in-depth knowledge, customised training and deep industry engagement.

“We provide an end-to-end solution, encompassing not just software, but the infrastructure, security and services to guarantee our customers’ long-term success. Through this approach we can work alongside our customers to improve the way they operate, resulting in faster benefit realisation.”

Mr Chung attributed the company’s continued strong growth in local government to its intimate knowledge of the sector and ability to offer a solution tailored to suit its unique needs.

“We have a deep understanding of the local government sector and are continually investing in our solutions to meet their complex requirements today and into the future," he said.

"Our integrated OneCouncil solution is built specifically for local governments, and significantly reduces the time, cost and risks associated with large scale enterprise-wide software implementations.

“The strength of our product offerings, enterprise vision, vertical market focus and the resilient nature of the enterprise software market are the foundation for our continuing success.”

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About TechnologyOne

TechnologyOne (ASX:TNE) is Australia's largest 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 1,200 leading corporations, government departments and statutory authorities are powered by our software.

We participate in only eight key markets: government, local government, financial services, education, health and community services, asset intensive industries, project intensive industries and corporates. For these markets we develop, market, sell, implement, support and run our preconfigured solutions, which reduce time, cost and risk for our customers.

For 30 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.