TechnologyOne revenues are currently less than 10% SAAS. They have significant annual maintenance based on their previous model being high initial licence fees and annual maintenance of 20%. They have a significant risk as they are looking at creating a new C4 suite which would probably be a complete re-design. If they do this well there will be a huge upside. If they don't the upgrades will be costly and problematic, and could cause many of their customers to look for other solutions that are true cloud like "Net Suite" At the moment the TechnologyOne solutions are still the same old solution with a new front end which is hosted on Amazon.
TechnologyOne revenues are currently less than 10% SAAS. They...
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