The story
Founded by Adrian Di Marco in 1987.1
TechnologyOne was founded by Adrian Di Marco in 1987, when he saw an opportunity to build a new generation of accounting software for businesses and government departments, using relational database technology. DiMarco approached investors John and Dugald Mactaggart of J.L. Mactaggart Industries, a former customer, for financial backing.
TechnologyOne set up its first research & development centre in a demountable office in the car park at Mactaggart's hide processing plant in Hemmant, Brisbane, in 1987. In the early 1990s, TechnologyOne built the Automated Titling System (ATS) for the Queensland Department of Natural Resource & Mines.
In 1992, TechnologyOne developed a student administration system called College Administration System (CAP) for TAFE Queensland, which led to the development of StudentOne (now TechnologyOne Student Management), used by Australian universities. The company also expanded in New Zealand.
TechnologyOne was listed on the Australian Securities Exchange in 1999. In October 2000, the company raised $18 million from investors including Hyperion Asset Management, Selector Funds Management, Pendal Group, Spheria Asset Management, Colonial First State, River Capital and Pengana.
In 2005, TechnologyOne shifted focus from functionality-centric software to people-centric software. In 2006, it expanded in UK with its first office in Maidenhead.
In November 2010, TechnologyOne announced it would make its software available on the cloud. The company invested heavily in research and development to transition its software functionalities into the cloud, spending $150 million to develop its software-as-a-service cloud products. It also released Ci Anywhere, a version of its Connected Intelligence product hosted in the cloud and available from any desktop or mobile device.
In 2014, TechnologyOne entered the S&P/ASX 200 Index and recorded $1 billion market capitalization.
In May 2017 Di Marco stepped down as CEO and COO, Edward Chung, took over as CEO. At the company's full year results on 21 November 2017, the company's cloud business turned a profit for the first time, posting a $2.5 million profit for the year to September, and signing 112 new cloud customers.
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In 2019, the company announced that it had reached $300 million of annual revenues.
It also added Cliff Rosenberg, formerly managing director of LinkedIn, to its board of directors. By December 2019, half of TechnologyOne's business was in the cloud; From 1999 to 2019, TechnologyOne doubled in size every five years.
In 2020, the company announced that half of its customers had transitioned from on-premise to SaaS and that 86% of its revenue is now subscription revenue. As of May 2020, the company had posted 11 years of record annual profit.
In September 2021, the company made their first international acquisition by acquiring UK-based higher education software company Scientia for £12 million.
As of October 2024, the company had posted 15 consecutive years of record annual profit. To further focus their efforts and an aim to deepen partnerships within the local government and higher education industries, TechnologyOne changed their internal structure in October 2024.
As of November 2024, TechnologyOne acquired curriculum management solution, CourseLoop. TechnologyOne’s OneEducation is a SaaS platform that covers the student lifecycle from course design to graduation.
In September 2025, TechnologyOne became an ASX 50 company for the first time.
From Wikipedia’s article on TechnologyOne, shared under CC BY-SA 4.0.3