TechnologyOne acquires Avand for $10 million

 

Homegrown enterprise software provider, TechnologyOne, is expanding its government software suite by acquiring Brisbane-based enterprise content management (ECM) company Avand for $10 million.

The acquisition is expected to increase TechnologyOne’s customer base by over 170 additional organisations and to round off the company’s packaged suite of enterprise software solutions with the inclusion of Avand’s ECM software, DataWorks.

“Over the years we have watched Avand become the dominant supplier of enterprise content management software to local government and knew their solutions were the next piece of the puzzle we wanted to offer as part of a total integrated solution to local government,” said TechnologyOne executive chairman, Adrian Di Marco.

TechnologyOne has been a major software solutions provider to local Australian governments for over ten years, providing financials, HR & payroll, works & assets, business intelligence, property & rating, budgeting, performance planning and supply chain as part of its suite of enterprise software solutions.

Although Di Marco was reluctant to disclose the amount of revenue increase the acquisition is expected to bring TechnologyOne, he said it would be a reasonable amount.

Avand will continue to run as an operating unit within TechnologyOne, while all of its 75 staff will be retained, boosting TechnologyOne’s total head count to around the 570 mark, Di Marco said. He added that the company also plans to take on an additional 100 staff by year’s end.

“The good thing about this deal is that Australian grown technology is staying in Australia,” Di Marco said. “We see ourselves very much as a big brother, a company that can provide them the access to what they need to really grow their business.”

TechnologyOne acquires Avand for $10 million
 
 
 
Top Stories
Turnbull introduces data retention legislation
Still no definition of metadata to be stored.
 
Images: the next frontier in data analytics?
Barclay’s global data chief says we’re still at the starting line.
 
Crime Commission prepares core systems overhaul
Will replace 30 year-old national criminal database.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
In which area is your IT shop hiring the most staff?




   |   View results
IT security and risk
  27%
 
Sourcing and strategy
  12%
 
IT infrastructure (servers, storage, networking)
  21%
 
End user computing (desktops, mobiles, apps)
  15%
 
Software development
  25%
TOTAL VOTES: 417

Vote
Would your InfoSec team be prepared to share threat data with the Australian Government?

   |   View results
Yes
  55%
 
No
  45%
TOTAL VOTES: 196

Vote