Technology One Limited
(ASX:TNE) say they will pay around $10 million for private company Jeff Roorda and Associates.
JRA is a leading asset management planning company with a strong background in local government reform.
JRA provides strategic solutions for critical public infrastructure assets including, roads, drainage and mechanical and electrical plants.
The acquisition will provide Technology One with important intellectual property and functions for its enterprise software.
Technology One made a half-year net profit of $8.85 million for the 2015 financial year.
