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TechnologyOne waves goodbye to cost blowouts with new model
TechnologyOne’s process typically took six months, he said, but having trialled its new SaaS+ model with a few new customers, it was confident this timeline could be reduced to 16 weeks on average. It will also operate an app store in which people can develop and publish applications, which can be bought by other TechnologyOne customers. SaaS+, App Builder and TechnologyOne’s Digital Experiences Platform (DXP) for local governments and education clients, aimed at helping them give rate payers and students a better experience, will enable TechnologyOne to continue to double its revenue every five years, Mr Chung said. We have doubled in size every five years and are well on track to surpass our current target $500 million of ARR [annual recurring revenue] by 2026,” he said. “[This] is the future of TechnologyOne – our vision for how we’ll re-engineer our business to innovate for our customers, with a clear path to once again doubling in size over the years ahead.”
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