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Technology One Achieves Stronghold in New Zealand

  • 28 May, 2003 14:45

<p>Against the trend of multinationals leaving the market or reducing the size of their offices in New Zealand, Technology One in only two years has successfully established a solid foundation in the market and has trebled their number of clients and employees.</p>
<p>In the past year alone the New Zealand office staff have signed eight new contracts for the supply and support of the financial management solution, Finance One and the Local Government solution, Proclaim One. These contracts amount to new revenue in the multi-millions for the office. The clients include Marlborough District Council, Southland Building Society, the State Services Commission and the Otago Polytechnic. Another two council contracts for Proclaim One and Finance One are currently under negotiation and expected to be signed shortly.</p>
<p>According to Mr Roger Phare, Technology One’s New Zealand Manager, clients have been responding very positively to the company’s long-term commitment to the region and the fact that the software is developed in Australasia and supported by the company locally.</p>
<p>“The multinational software suppliers are either leaving the market or drastically reducing their resources here and this is making clients nervous as a proven commitment to quality service is becoming increasingly important when it comes to the IT industry and the promises they make,” he said.</p>
<p>“The market is realising they can get solutions that have the same quality for the same price from a company that is based in the region and provides products that exactly match the region’s needs, not based on US or European systems that then have to be changed.”</p>
<p>According to Technology One CEO, Mr Adrian Di Marco, the company is committed to growing the New Zealand operation despite the current difficult market conditions for the IT industry.</p>
<p>“The current conditions are actually supplying a window of opportunity for us to gather and maintain a strong and loyal client base that will provide further proof of our commitment to the market,” he said.</p>
<p>“We want the New Zealand base to be one of the company’s larger centres of employment and client support in the region in the future.”</p>
<p>Further information: Adrian Di Marco, CEO, Technology One Ph: (07) 3377 7300</p>
<p>About Technology One
Technology One is one of Australia’s largest publicly listed software companies. Its focus is the design, development, implementation and support of powerful, enterprise wide software applications using Client Server, Internet and eBusiness technologies for the corporate and government sectors.</p>
<p>In particular, Technology One delivers totally integrated, powerful enterprise solutions developed to meet the specific requirements of vertical markets, including:</p>
<p>· Financial Management and Accounting (Finance One)
· Higher Education and Universities (Student One)
· Retail (Retail One)
· Wholesale and Distribution (Sales One)
· Human Resource Management (People One)
· Local Government (Proclaim One)</p>
<p>Technology One also provides large scale, fixed time, fixed price custom software development services through its Project Services Group to meet the exact requirements of a specific customer, using Internet, eBusiness and Client Server technologies.</p>
<p>Technology One has achieved compound profit growth of approximately 45 percent per annum since 1992. Last financial year, the company recorded a net profit before tax of $12.84 million, an increase of 12 percent on the previous year, after expensing all R&amp;D costs of $8.14 million.</p>
<p>Technology One employs approximately 300 staff in Australia, New Zealand and Malaysia. For further information, visit the Technology One website</p>

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