TechnologyOne releases next generation Software as a Service offering

Leading enterprise software provider TechnologyOne (ASX:TNE) has released the fifth generation of its TechnologyOne Cloud, 5.0, introducing the start of its mass production Software as a Service (SaaS) offering.

Unlike many cloud platforms, TechnologyOne Cloud 5.0 doesn’t rely on expensive middleware such as Citrix, and introduces a high level of automation. Providing a massively scalable platform with economies of scale, the next generation platform includes significant infrastructure sharing amongst customers.

“This level of automation and infrastructure sharing enables us to support thousands of customers, and breaks the nexus between customer numbers and cloud operations staff,” said TechnologyOne’s Executive Chairman Adrian Di Marco.

“The TechnologyOne Cloud delivers a massively scalable environment with a production line of servers running our software for customers.

“Our investment in the TechnologyOne Cloud remains a key focus for Research & Development (R&D), so we can capitalise on new technologies, concepts and ideas. We pass on the benefits of innovation only achievable through our economies of scale.

“Delivering our enterprise software as a service enables our customers to be up and running on an enterprise system with less risk, lower cost and shorter time frames. The cloud dramatically reduces implementation time, allowing our customers to focus on their core business, while we take care of the software and infrastructure.

“It’s a simple, flexible and cost effective computing model that future proofs our customers’ businesses and enables them to embrace an exciting new world of possibilities in a cloud first, mobile first world.”

Mr Di Marco said TechnologyOne is uniquely placed because its owns, builds and supports its software, unlike hosting providers which hand-craft each customer’s environment and host third party software in the cloud.

“The market is becoming more sophisticated in understanding the difference between the lift and shift approach offered by hosting providers, and seeing the benefits in the massive economies of scale SaaS vendors provide,” he said.

“By running our SaaS on the TechnologyOne Cloud, we are able align our people and processes because we are all working on the same version of code and configuration.

“It assists us to expose and resolve any inefficient processes, and enables us to scale to our business exponentially. We are continuing to evolve our structure, people and process as we quickly evolve our market offering.”

The company welcomed 49 new customers to its SaaS platform this year, supporting cloud fee growth of more than 200 per cent.

“All our major new customers this year were SaaS deals, signifying that customers are embracing our vision for cloud and mobile,” Mr Di Marco said.

“Our cloud business is growing rapidly. This major uptake of the cloud by new and existing customers will see us continue to double this every year moving forward.”

- Ends -

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 28 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.

For further information please visit: TechnologyOneCorp.com

Contact:

Phone: