Friday, 14 October 2005 10:00

Tech One wins $6m PNG Govt deal


The Papua New Guinea Government has awarded a $5.89 million deal to Technology One (ASX:TNE) to implement an integrated financial management and budgeting solution to help lead the country to economic reform.

The project, to undertake a financial management and improvement program, is being funded by the Asian Development Bank, AusAID and the United Nations Development Programme (UNDP). The PNG Government believes the project will provide an effective basis for broader economic, governance and public sector reform.

PNG secretary for the Department of Finance, Thaddeus Kambanei, said the specific objectives of the project are to improve accountability, transparency and better utilisation of the Government's limited resources.

'The new system will enable better prioritisation of Government efforts and improved fiscal control to be achieved through improved planning, budgeting, and monitoring,' Kambanei said.

'By providing better and more timely information, the project will reduce waste and improve efficiency in the implementation of all government activities,' he said.

'Technology One demonstrated significant experience and understanding in the requirements of government, particularly in relation to the management of budgeting and reporting across all government departments.

'The solution will scale from the central departments of Finance and Treasury, to line departments, provinces and spending units. It will give us the mechanisms to control our budget, both top-down, and bottom up, and easily integrate with our other finance systems.'

Technology One chairman Adrian Di Marco described the PNG deal as a major win for the company in the government market.

'Our experience in all levels of government, from local, to state, central and federal, gave us an edge over our competitors,' Di Marco said.

'It was critical for the PNG Government that they chose a business partner that could work with the government to implement a solution that met their requirements to drive fiscal change,' he said.

'Over 40% of our clients are in the government market space, giving the PNG Government confidence of our experience and ability to meet their requirements and deliver the project on time and to budget.'

TNE shares jumped 3.5c to close on 58.5c and were heavily traded with depth.

Subscribe to ITWIRE UPDATE Newsletter here


The much awaited iTWire Shop is now open to our readers.

Visit the iTWire Shop, a leading destination for stylish accessories, gear & gadgets, lifestyle products and everyday portable office essentials, drones, zoom lenses for smartphones, software and online training.

PLUS Big Brands include: Apple, Lenovo, LG, Samsung, Sennheiser and many more.

Products available for any country.

We hope you enjoy and find value in the much anticipated iTWire Shop.



iTWire TV offers a unique value to the Tech Sector by providing a range of video interviews, news, views and reviews, and also provides the opportunity for vendors to promote your company and your marketing messages.

We work with you to develop the message and conduct the interview or product review in a safe and collaborative way. Unlike other Tech YouTube channels, we create a story around your message and post that on the homepage of ITWire, linking to your message.

In addition, your interview post message can be displayed in up to 7 different post displays on our the site to drive traffic and readers to your video content and downloads. This can be a significant Lead Generation opportunity for your business.

We also provide 3 videos in one recording/sitting if you require so that you have a series of videos to promote to your customers. Your sales team can add your emails to sales collateral and to the footer of their sales and marketing emails.

See the latest in Tech News, Views, Interviews, Reviews, Product Promos and Events. Plus funny videos from our readers and customers.


Stan Beer

Web Analytics Made Easy -

Stan Beer co-founded iTWire in 2005. With 35 plus years of experience working in IT and Australian technology media, Beer has published articles in most of the IT publications that have mattered, including the AFR, The Australian, SMH, The Age, as well as a multitude of trade publications.

Share News tips for the iTWire Journalists? Your tip will be anonymous




Guest Opinion

Guest Interviews

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News