TechnologyOne profit rises 15 per cent
Brisbane-headquartered software vendor TechnologyOne has posted $51 million in NPAT for the financial year ended 30 September.
Brisbane-headquartered software vendor TechnologyOne has posted $51 million in NPAT for the financial year ended 30 September.
TechnologyOne and Brisbane City Council have reached a confidential settlement over a troubled systems replacement project.
ASX listed software company TechnologyOne said that a war of words with Brisbane City Council hasn’t hurt ongoing local government sales.
Brisbane City Council has served TechnologyOne with what the company described as an “ambit claim” for loss damages in excess of $50 million.
Brisbane City Council has terminated its IT systems replacement contract with TechnologyOne.
TechnologyOne is Australia’s largest enterprise software company. The company had two world-class data centres in Brisbane but after a three-day outage caused by the 2011 floods, it moved away from having its own data centres, opting instead to buy Infrastructure-as-a-Service from Amazon Web Services (AWS). After four years of developing innovative cloud services, TechnologyOne saw that cloud storage was becoming a critical issue for its customers. So it called in NetApp to help it find the most cost-efficient, scalable and agile data management solution.