TechnologyOne establishes new R&D centre

Gordon Peters
Tuesday, 27 July 2010 15:56

IT Industry - Market

TechnologyOne has opened the largest Australian-owned commercial research and development facility and its new international headquarters in Queensland.

The enterprise-software company's new facility was officially opened yesterday by Queensland's Minister for Public Works and Information and Communication Technology, Robert Schwarten. The Six Star Green Star rated building in Brisbane's Fortitude Valley is part of Enable2010, a nine-day showcase of the city's innovation credentials featuring a number of events and announcements.

The TechnologyOne facility also represents the consolidation of three offices of the publicly-listed software company, which has offices across Australia, New Zealand, the UK, Asia and the Pacific Rim, and will provide the space the company needs for the development of a $150m project codenamed 'Next Gen'.

It also represents the consolidation of three offices of the publicly-listed software company, which has offices across Australia, New Zealand, the UK, Asia and the Pacific Rim, and will provide the space needed for the development of a $150m project codenamed 'Next Gen'.

The Minister congratulated TechnologyOne Executive Chairman, Adrian Di Marco for building an international company, which he noted had doubled in size
every four years, from a shed in Brisbane. He also noted that TechnologyOne's first employee was still with the business, which he said was 'proof that it was a great company to work for,' adding that this was a huge benefit to Brisbane as it helped to attract and retain talented people for the city as well as export dollars.

Adrian Di Marco said the move will see it continue to deliver 'advanced software solutions that meet the changing needs of its customer base.'

Di Marco said the $12 million, 6.700sqm fit out was designed 'to improve collaboration and innovation for the company's 350+ software developers, who represent some of Australia's best technology talent.

'Our facilities need to be at the cutting edge to attract and retain the best IT talent in the country and to compete effectively in the global software market.
Brisbane has so many advantages; we saw no reason to move to Silicon Valley, Europe or India to compete on the international stage. We export our software internationally and every day it successfully competes against alternative offerings from the world's biggest software companies: Oracle, Microsoft and SAP.'

Di Marco also said the move to the new R&D centre would allow the company to commence the development of its next generation of enterprise software.
'At a projected cost of $150m, the project - codenamed 'Next Gen' - will embrace leading edge concepts and emerging 'start-of-the-art' technologies.

'It will follow the success of TechnologyOne's Connected Intelligence platform, released in 2005, and now used by more than 800 of Australia's largest corporations, government departments, universities and utilities providers.

'Today, the company services seven key vertical markets and is one of Australia's largest and most successful publicly-listed software companies.
'I started this company in 1987 to build software that would compete with the world's biggest software companies by harnessing Australian
talent and innovation.'

'Our company now has revenue in excess of $140 million per annum, and the success of our strategy is such that we have been doubling in size
every four years over the last 16 years.'