Australian enterprise software company, TechnologyOne is all set to buy Scientia Resource Management, UK based time-tabling and resource management company for AU $22 million. Edward Chung, TechnologyOne CEO informed that both the companies entered into a sale agreement on Monday. It will also be TechnologyOne’s first international takeover.
Through this acquisition, TechnologyOne will focus on streamlining and strengthening its offerings in the education sector. This will also allow them a considerable competitive advantage in the UK markets. TechnologyOne will also reap benefits in the Australian high market with this deal.
Chung also praised Scientia’s leading product, Syllabus Plus which is a provider of advanced academic timetabling and resource scheduling. Starting off as developing timetabling systems of schools and colleges in 1989 to now creating a range of solutions for the education sector, Scientia’s products are now being used in over 150 towering universities across the world.
Adrian Di Marco, TechnologyOne founder and executive chairman said, “The unique IP and market-leading functionality of Syllabus Plus support our vision of delivering enterprise software that is incredibly easy to use and that substantially enhances our customers’ experience in the higher education sector.” He added that this acquisition signifies TechnologyOne’s dedication towards both the education sector and the UK market.