TechnologyOne surpasses SaaS records with 50 customer go-lives

TechnologyOne (ASX:TNE), Australia’s largest enterprise Software as a Service (SaaS) provider, announces that it has broken its own 30 year record by delivering more than 50 customer project ‘go-lives’ in the last eight weeks.

The new record includes 12 go-lives on the first weekend in July, demonstrating that the Company  can rapidly onboard customers during peak end-of-year periods.

TechnologyOne’s new Chief Executive Officer, Mr Edward Chung, says the record results are a combination of high customer demand for its SaaS offering and an increased capacity to meet demand with implementation times accelerated by up to 50 per cent.

“More than 60 per cent of our implementations are being driven worldwide by customers seeking the immediate benefits of our SaaS offering,” Mr Chung said.

“Customers, recognise that the vital step in enabling their digital transformation is uptake of TechnologyOne’s fully integrated enterprise SaaS with our automated, highly secure and fail-safe cloud technology,” he said.

“Our customers are also realising the benefits of digital enablement up to 50 per cent faster due to our ability to rapidly mobilise SaaS projects in half the usual time,” Mr Chung said.

“A recent example is Ticketek. We worked closely with Ticketek to not only introduce a new software product, but also move them from on-premise to our cloud environment within just four weeks,” he said.

“We also took Urban Maintenance Systems, live within one month, so they could deliver on a contract in New Zealand.

“Our new technology that simplifies and streamlines the SaaS go-live process reinforces the strategic benefit of reinvesting 20 per cent of our profits into Research and Development.

“The unprecedented number of customer go-lives are made possible by our ‘Power of One’ philosophy that empowers highly cooperative teams to research, develop, build, market, implement and support our software for customers,” Mr Chung said.

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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 1,000 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.

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