Headquartered in Brisbane, Australia, TechnologyOne is Australia’s leading enterprise software company. The firm’s flagship product is an enterprise resource planning software platform called the SaaS platform–SaaS being short for “software as a service.” The benefit of SaaS is there is no hardware or software to buy, install, maintain, or update. It’s based in the cloud, so using it requires only an internet connection. TechnologyOne’s software is designed to manage all aspects of the project and asset lifecycle from the start of the idea to completion. The platform serves 1,300+ customers worldwide and is customizable for government, utilities, engineering, construction, mining, infrastructure, banking, education, and health care.
One of the first tech startups in Australia, TechnologyOne was founded in 1987 and is named after Adrian Di Marco’s founding idea that gaining a competitive advantage would be the number one factor in his new tech company’s success. He soon realized that relational databases would become the standard and pivoted to embrace the future, investing all resources in building a company that would own the entire sales, consulting, and support cycle. He called it the power of one, and this continues to set the firm apart today. In order to guarantee its customers success, TechnologyOne does not use resellers or implementation partners.
Because the firm attributes its success to constant innovation and creativity, each year TechnologyOne invests about 20 percent of total revenue in R&D. Its innovation strategy revolves around making the software experience as simple as possible. SaaS is easy to use, built on a single digital platform and creates a consistent experience from any device, anywhere, any time. Indeed, TechnologyOne pioneered the concept of configurable software, in which customers modify the software to suit their needs, with no source code modifications necessary. This way, new releases can be updated easily, with the saved configurations remaining intact.
TechnologyOne is one of the largest corporate donors in the Australian technology industry. In 2015 it established a foundation aimed at freeing half a million children and their families from poverty. TechnologyOne is the first Knowledge Leader we’ve studied to announce that it is carbon neural, as of last year.
As of 12/31/21, TechnologyOne was held in the Knowledge Leaders Strategy.
Image and article originally from www.knowledgeleaderscapital.com. Read the original article here.