IT services group TechnologyOne today announced it is preparing to take its software to the cloud, planning to release cloud services in 2011.
TechnologyOne plans to have datacentres both in Australia and offshore to support its new cloud computing suite, dubbed C2.
"TechnologyOne already delivers its Connected Intelligence solutions in the cloud, but to take advantage of all the benefits of cloud technology, we are completely restructuring our business model and re-engineering our software from the ground up," said TechnologyOne chief Adrian Di Marco in a statement.
Marco claimed that there was a lot of "misinformation" and "scaremongering" around the security and risks of cloud computing, saying resistance was based on "perceived" issues.
"The Australian industry has been very cautious and we also had a 'wait and see' approach until quite recently," he said. "But the only way to deliver the compelling benefits customers expect, such as substantially reduced staffing and hardware costs, is to rebuild our software on the cloud for the cloud."