NZ Housing signs on with TechnologyOne

Australian software firm TechnologyOne scores a deal with a New Zealand government agency.
Written by Suzanne Tindal, Contributor on

Australian software firm TechnologyOne has scored a deal with New Zealand's Department of Building and Housing.

The New Zealand department signed up last week for TechnologyOne's Financials, Supply Chain and Enterprise Budgeting systems. The value of the deal was not disclosed.

The win followed on the heels of other contracts TechnologyOne has signed in the nation over the Tasman.

In March, the Lakes District Health Board bought Financials, Supply Chain, Business Intelligence and Works and Assets from the software vendor. The Waiariki Institute of Technology has also signed on for some TechnologyOne software.

Speaking to ZDNet.com.au last week, TechnologyOne executive chairman Adrian Di Marco said that its products were doing well because the company didn't try to "be all things to all people", having instead chosen niches to work on, such as government, higher education and health.

Yet the company's half-year results last week for the six months to 31 March were not inspiring, showing a profit drop of 45 per cent.

Di Marco said that the result was due to one-off costs related to increasing staff numbers by 180 over the year, while new work to support the increase had slowed.

However, only 15 more staff are planned for this year, and the company expected revenue growth of 15 to 18 per cent, which would bring profits back up, Di Marco said.

The company has also been making a foray into the UK market. The first half saw a $806,000 loss on the venture, but Di Marco believed it would break even in the next year.

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