TECHNOLOGYONE ENTERS ASX 200

TECHNOLOGYONE Limited (ASX: TNE) has welcomed its introduction to the S&P/ASX 200 Index.

The Brisbane enterprise software provider began trading as part of the elite 200 publicly listed Australian companies on close of trading September 19.

The company’s share price has climbed 69 per cent year-on-year to reach a record high this month of $3.41.

TNE executive chairman and founder Adrian Di Marco (pictured) says the inclusion firmly positions the company as Australia’s largest publicly listed software provider.

“This growth is testament to the passion and commitment of the entire organisation, and our close collaboration with our customers,” says Di Marco.

“It is a recognition of our achievements to date and vision going forward.”

TNE is currently rolling out its TechnologyOne Cloud and Ci Anywhere products, focused on delivering “powerful enterprise software that is incredible simple to use”.

“It’s an exciting time for the company as we continue our momentum towards a cloud first, mobile first world,” says Di Marco.

“Our level of innovation and creativity is greater than at any time in our company’s 26-year history.”

TNE recorded its tenth year of record profit for the 2013 financial year ending 30 September 2013 and the company also saw recurring annual licence fees grow by 14 per cent through strong customer satisfaction.