Australia’s TechnologyOne Acquires UK-Based Higher Education Platform Scientia For $16.6M

Australian enterprise software company, TechnologyOne, has in a deft move acquired UK-based higher education software provider Scientia, for £12 million /$16.6 million in cash.

The Australian compamny first international acquisition which is seen by many industry analysts as a coup has the acquisition having an initial payment of £6m by TechnologyOne to Scientia, with further payments to follow.

TechnologyOne, the software as a service business service company claims to have about 75 percent of Australia’s Higher Educational Institutions making use of its software while newly acquired Scientia has a 50 percent market share claim in the United Kingdom.

An elated Adrian Di Marco, founder and Chief Executive of TechnologyOne while announcing the acquisition 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.”

Michelle Gillespie, Registrar and Director of Student Administration and Library Services at Swinburne University of Technology while commenting said:

“The one thing that students care most about is their timetable. Being able to fully integrate a schedule into the full student experience is very important, and an exciting step for those universities – like Swinburne – that use TechnologyOne’s student management system.”

TechnologyOne has its headquarters in Fortitude Valley in Brisbane, Australia, with other offices in United Kingdom (UK), New Zealand, South Pacific and Asia

The company is listed on the Australian Securities Exchange with the symbol TNE and is a constituent of the ASX 200 index.