How it started
History
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.
From Wikipedia’s article on TechnologyOne, shared under CC BY-SA 4.0.2