TechnologyOne was one of Australia’s first startups.
Attracting an initial investment from J L Mactaggart Industries, TechnologyOne was specifically established to undertake deep research and use leading edge technology to create products for resale.
TechnologyOne pioneered a concept of configurable software, which did not require the source code to be modified. All customers ran the exact same global code line, but each customer could configure the software to meet their needs. The configuration was stored in the database. This allowed our customers to take new releases of the software containing new features, easily on a regular basis.
We released our first product, FinanceOne, in 1991.
Adrian made an early decision to base the company’s software on relational database technology, a decision that was to pay off as the industry moved strongly in that direction in the 1990s. TechnologyOne attracted national recognition in 1995 when we came out on top in CFO magazine’s customer satisfaction survey, ahead of multinational competitors Oracle and SAP. The results were used extensively in TechnologyOne’s advertising and we grew quickly, attracting international orders and opening offices around Australia.
TechnologyOne floated on the ASX in 1999.
Revenues and profitability have doubled every four to five years since. We are now one of Australia’s largest software companies. We have 1,200+ employees and annual revenues of $300+ million. Our market capitalisation exceeds $2.6 billion and we run one of the largest software R&D centres in Australia, with over 400 developers.
TechnologyOne has always invested heavily in research and development.
This investment amounts to about 20 per cent of total revenue. In the 1990s we released a range of other products, mostly targeting the tertiary education and local government sectors, where we are now a market leader in Australia. Today, these products are delivered as part of preconfigured enterprise solutions built specifically for the six key markets we operate in: Local Government, Education, Government, Health & Community Services, Asset & Project Intensive Industries and Financial Services & Corporates. A feature of TechnologyOne's product development strategy has been our regular product set renewals, anticipating significant technology developments. After early innovations with relational databases, we were quick to adopt client/server software. We later moved to the web and more recently rewrote our entire product suite for the cloud, to deliver it as a global Software as a Service ERP solution.
TechnologyOne also grew through acquisition.
We bought local government software company Proclaim in 2000 and enterprise content management company Avand in 2007, before making three further acquisitions in 2015: Icon, Digital Mapping Solutions, and Jeff Roorda & Associates.
In 2000, TechnologyOne opened offices in Asia and New Zealand.
In 2006 we opened an office near London. We are now a major supplier in both New Zealand and the United Kingdom, focusing on the tertiary education and local government markets for the UK.
A key aspect of TechnologyOne’s success has been our ‘Power of One’ philosophy.
Unlike most software vendors we do not use resellers or implementation partners. We handle everything ourselves, so we can guarantee each customers’ long-term success.
TechnologyOne has also become one of the largest corporate donors in the Australian technology industry, establishing the TechnologyOne Foundation in 2015, and setting an ambitious goal to free more than 500,000 children and their families from poverty.
30 years of innovation
Adrian was CEO until 2017, when he stepped down and Edward Chung, a long-serving employee, became CEO. Adrian remains Executive Chairman and Chief Innovation Officer.
Find out more
TechnologyOne: An Australian Technology Success StoryIn 2017, we celebrated our 30-year milestone since TechnologyOne was founded.
A Vision Splendid - The History of Australian ComputingTechnologyOne was an early provider of Enterprise Resource Planning solutions and quickly became a market leader. Read more about our history in the book.