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
research & development centre in a demountable office in the car park at Mactaggart's hide processing plant in
Hemmant,
Brisbane, in 1987. 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, 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 managing director of
LinkedIn, to its board of directors. From 1999 to 2019, TechnologyOne doubled in size every five years. In 2020, the company announced that half of its customers had transitioned from on-premise to SaaS and that 86% of its revenue is now subscription revenue. As of May 2020, the company had posted 11 years of record annual profit. In September 2021, the company made their first international acquisition by acquiring UK-based higher education software company Scientia for £12 million. As of October 2024, the company had posted 15 consecutive years of record annual profit. To further focus their efforts and an aim to deepen partnerships within the local government and higher education industries, TechnologyOne changed their internal structure in October 2024. With a strong vertical focus teams consisting of sales, consulting, research and development, support, marketing, and more, prioritise industry service delivery, customer engagement and ensure a consistent high standard. As of November 2024, TechnologyOne acquired world-class curriculum management solution, CourseLoop. TechnologyOne’s OneEducation has now become the world’s first SaaS platform to encompass the entire student lifecycle, from course design to graduation into a single unified ERP solution. In September 2025, TechnologyOne became an
ASX 50 company for the first time. ==Software as a service==