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TechnologyOne hit $500M in annual recurring revenue 18 months early, becoming Australia’s first SaaS-only ASX 50 company.
TechnologyOne, Australia’s largest enterprise software company, has reached $500 million in annual recurring revenue 18 months early, becoming the first Australian firm to fully transition to a SaaS model and joining the ASX 50.
Based in Brisbane, the company, founded 38 years ago, serves public sector clients with integrated software, leveraging a “Power of One” approach that unifies development, sales, and support.
Internal innovation events like Hack Days have driven key product advances, including a 30-day ERP deployment capability via its SaaS Plus model.
The company aims for $1 billion in ARR by 2030 and is strengthening Brisbane’s tech ecosystem through partnerships with universities and training programs.
TechnologyOne alcanzó $ 500M en ingresos recurrentes anuales 18 meses antes, convirtiéndose en la primera compañía de Australia de SaaS en ASX 50.