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  5. Technology One Acquires Avand Pty

M&A Deal Summary

Technology One Acquires Avand Pty

On October 1, 2007, Technology One acquired software company Avand Pty for 10M AUD

Acquisition Highlights
  • This is Technology One’s 2nd transaction in the Software sector.
  • This is Technology One’s 4th largest (disclosed) transaction.
  • This is Technology One’s 2nd transaction in Australia.

M&A Deal Summary
Date 2007-10-01
Target Avand Pty
Sector Software
Buyer(s) Technology One
Deal Type Add-on Acquisition
Deal Value 10M AUD

Target

Avand Pty

Fortitude Valley, Australia
Avand Pty Ltd. is a software company. It develops, markets, sells, implements and supports the ECM software, DataWorks, used by more than 170 organisations throughout Australia and New Zealand. It services state and local government, utilities, education, and corporate sectors.

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Buyer(S) 1

Buyer

Technology One

Fortitude Valley, Australia
Category Company
Founded 1987
Sector Software
Employees1,300
Revenue 506M AUD (2024)
DESCRIPTION

Technology One is an enterprise software company that develops, markets, sells, implements, and supports financial management and enterprise software solutions. Technology One was founded in 1987 and is based in Fortitude Valley, Australia.

DEAL STATS #
Overall 2 of 4
Sector: Software M&A 2 of 4
Type: Add-on Acquisition M&A Deals 2 of 4
Country: Australia M&A 2 of 4
Year: 2007 M&A 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-06 Proclaim Software Pty

Australia

Proclaim Software Pty Ltd. is a provider of software solutions.

Buy AU$11M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-30 ICON Software Solutions Pty

Fortitude Valley, Australia

ICON Software Pty Ltd. is a provider of ePlanning and eGovernment software.

Buy AU$10M
Mergr

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