ASX-listed ERP vendor, TechnologyOne (ASX:TNE) has nabbed a $2 million contract to revamp Queensland water supplier, Seqwater’s ICT system.
The Queensland Government Statutory Authority, which is responsible for the supply stores, dams and infrastructure that deliver water to south-east of the state, released a tender six months ago for an end-to-end enterprise system upgrade. The deal is TechnologyOne’s first with the state’s water industry.
TechnologyOne will implement its financial, supply chain, human resources and payroll, enterprise budgeting, business intelligence, works and assets, enterprise content management and performance planning software solutions. The vendor attributed its successful bid to its new generation platform, named Connected Intelligence (Ci), which was developed at a cost of $100m.
The system will take nine months to deploy and is complemented by ongoing maintenance support services. While the contract is open ended, TechnologyOne executive chairman, Adrian Di Marco, was confident in striking a long-term relationship.
“We have a very low customer attrition rate so we expect Seqwater to continue to use our software,” he said. The company is expecting $132m turnover this financial year.
TechnologyOne also has a significant installed base in Victoria’s water supply industry, where 14 of the 19 water authorities employ its products. Other clients range from government to educational institutions. It recently closed a deal with the University of Tasmania to implement an enterprise solution and has begun deploying its technology at the Queensland Department of the Premier and Cabinet.