The software solution offered by Scientia is currently used 75% of institutions in Australia and 50% in the UK
The deal is expected to strengthen TechnologyOne’s position in the higher education market. (Credit: J. Kelly Brito/Unsplash)
Australian enterprise software company TechnologyOne has signed an agreement to acquire UK-based higher education software provider Scientia.
Scientia’s software solution is said to be currently used by 75% of institutions in Australia and 50% in the UK.
The acquisition is expected to strengthen TechnologyOne’s position in the higher education market.
TechnologyOne founder and executive chairman Adrian Di Marco said: “This is our company’s first international acquisition and it demonstrates our deep commitment to serving the higher education sector and the UK market.
“The unique IP and market-leading functionality of Scientia’s product supports our vision of delivering enterprise software that is incredibly easy to use. We are excited about the opportunities this will bring to both our UK and Australian customers in the coming years.”
With a presence across six countries, TechnologyOne provides a global Software as a Service (SaaS) ERP solution, powering 1,200 corporations, government agencies, local councils and universities.
Recently, the company secured a contract from the Conwy County Borough Council in the UK for the digital transformation of its business management and finance systems.
The Welsh unitary authority plans to replace on-site legacy systems and switch to OneCouncil SaaS provided by TechnologyOne.
The council provides 118,000 residents with services ranging from education, leisure facilities, social services, waste management and highways maintenance.
The move is expected to help the council, which employs over 4,400 people, enhance real-time financial decision making and business reporting.
Under the contract, TechnologyOne’s SaaS technology is expected to offer fully integrated, modern financial and business management tools for the council’s executives.
Conwy County Borough Council accountancy head and Exchequer Sandra Forrest said: “We can’t wait to start using TechnologyOne’s modern, intuitive, cost-effective finance system. It’ll give us access to better management information and aid decision making.
“As employees can access it while they’re out and about, we’ll also see a lot of time savings, with teams being able to order new goods and sign-off their team’s expenses on the move.”
The deal is TechnologyOne’s first council contract in Wales.