Published on the 05/10/2015 | Written by Beverley Head

Since the beginning of the year Technology One has stumped up $32 million to buy three companies – fleshing out its product and skills portfolio. The latest agreement will see it acquire Jeff Roorda and Associates (JRA) – though a significant proportion of the $10 million cash price is dependent on future financial performance.

In May Technology One announced it would spend $12 million to buy Digital Mapping, while in January it forked out $10 million for e-planning and e-government software company Icon Software.

This latest purchase is tipped to be revenue neutral for the current financial year.

Technology One closed its books for 2015 last week. It generally reports full year financials in November – but has already tipped a 10-15 percent profit improvement for the year.

Its half year results however had revenues up just 3 percent to $90 million, while net profit dipped 10 percent to $8.8 million. The company however at the time pointed to a solid sales pipeline for the second half of the year, and its confidence in lifting full year profits by as much as 15 percent.

Sales have continued to flow in for the company which offers a series of vertical market solutions and cloud offerings. Last week Technology One announced that Mater Health Services in North Queensland would roll out its OneHealth hospital solution. It recently has also secured Qantas Credit Union, Hume Bank and Teachers Mutual as clients for its OneBanking platform while OneCouncil has a solid foothold in local government.

Technology One has traditionally had a strong Australian focus despite some international success, but according to executive chairman Adrian Di Marco; “Our acquisition of JRA aligns with our plans for further geographic expansion, with an established customer base in North America. Developed in Australia, we have built a global platform that has succeeded in our existing regions and positions us well for future growth.”