TechnologyOne Foundation donates $620K to charities

TechnologyOne delivers on Pledge 1%

Brisbane, 21 October 2019 - Children living in poverty and their families are the major beneficiaries of a $620,000 donation announced today by the TechnologyOne Foundation. The figure represents the largest-ever charitable contribution by the Foundation, which was started by Australia’s largest enterprise Software as a Service company, TechnologyOne.

The 2019 donation will be shared among eight organisations---Opportunity International Australia, The Salvation Army, The School of St Jude, SolarBuddy, The Fred Hollows Foundation, Princes Trust (UK), Smith Family and Big Issue---and brings TechnologyOne a step closer to its goal of helping lift 500,000 children out of poverty in 15 years.

TechnologyOne CEO, Ed Chung paid tribute to the charitable organisations the TechnologyOne Foundation was supporting in 2019.

“We’ve set an ambitious goal of helping 500,000 children and their families from poverty, and while TechnologyOne can help with much needed funding and thousands of volunteering hours each year, it’s the amazing work of our strategic charity partners that is truly making an impact,” Mr Chung said.

Mr Chung said the Foundation is committed to making a difference to underprivileged and at-risk youth by empowering them to transform their lives.

“We focus on the youth because we believe it is through the youth that we can have the biggest impact on the future,” he said.

Australian Gemma Sisia founded the School of St Jude in Tanzania in 2002 with just 10 dollars in her pocket. The school---which provides food, housing and free, high-quality education to almost 2,000 children from families surviving in one of the world’s poorest countries---is now recognised as an exceptional educational institution.

“Each child we invite into the school represents another family which has the opportunity to escape the cycle of poverty. This is a dream I’ve worked hard on making a reality for more than 16 years and we’ve been very fortunate to have TechnologyOne as our lead corporate sponsor for the last five,” Ms Sisia said.

Brisbane-based SolarBuddy’s mission is to brighten the lives and improve the educational opportunities of six million children living in energy poverty by 2030 by providing them with a solar-powered light which allows them to continue with their studies with after dusk.

“Every SolarBuddy light we’re able to provide means less time collecting firewood for cooking and heating and more time attending class, preparing for exams and completing homework assignments. We’re excited to have had TechnologyOne’s support since earlier this year,” said Simon Doble, CEO & Founder.

Opportunity International Australia helps families to free themselves from poverty and bring hope, dignity and purpose. The organisation provides small loans, training and other financial services to families in poorer communities, allowing them to build their own small businesses and earn a reliable income.

“The changes that we see in poor communities is only possible because of great partners who come alongside us, like TechnologyOne,” said Meredith Scott, CEO of Opportunity International Australia.

Today’s announcements underpin TechnologyOne’s commitment to the Pledge 1%---a global program in which companies pledge to lead the way and donate 1% of their profit, product, and/or employee time to their communities---to which thousands of companies in almost 100 countries have already signed up.

Mr Chung said TechnologyOne had established the Foundation and signed onto pledge 1% to commit technology, volunteer hours and resources because it is the right thing to do.

“TechnologyOne has the capability and capacity to make a difference. The Foundation has enabled us to make a positive impact and it really empowers our team members to engage in their communities. Since its inception in 2016, we have donated more than $3m and 7392 volunteering hours for more than 30 organisations. In 2020, we pledge to give $2.3m in time, product and profit,” he said.

This month also marks the successful conclusion of FoundationFortnight, a company-wide volunteering challenge at TechnologyOne, Mr Chung said.

“This is a new initiative for 2019. We have contributed 300 hours of our time in the community in just two weeks. Our teams all around the world have volunteered with various local charities to benefit those in our communities who need it most.”

For more information about our charity partners, please visit our Foundation page.

About TechnologyOne

TechnologyOne (ASX:TNE) is Australia's largest enterprise Software as a Service (SaaS) company and one of Australia's top 200 ASX-listed companies, with offices across six countries. Our enterprise SaaS solution transforms business and makes life simple for our customers 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.

Our global SaaS solution provides deep functionality for the markets we serve: local government, government, education, health and community services, asset intensive industries and financial services. For these markets we invest significant funds each year in R&D. We also take complete responsibility to market, sell, implement, support and run our solutions for our customers, which reduce time, cost and risk.

For over 30 years, we have been providing our customers with enterprise software that evolves and adapts to new and emerging technologies, allowing our customers to focus on their business and not technology.

Publish date

21 Oct 2019


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