TechnologyOne Limited is an Australian enterprise software company founded in 1987. The company is headquartered in Fortitude Valley in Brisbane, Australia, with other offices in United Kingdom (UK), New Zealand, South Pacific and Asia. It is listed on the Australian Securities Exchange with the symbol TNE and is a constituent of the ASX 200 index. 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 R&D 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 and 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. In 2019, the company announced that it had reached $300 million of annual revenues. It also added Cliff Rosenberg, formerly