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Digital darling puts a bad year aside to spend up big on gala event

Business

After a brutal year in public relations, Technology One’s Adrian Di Marco has opened the purse strings for huge conference and gala dinner for the workforce.

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Usually held every two years the Technology One conference was delayed because of COVID but will kick off tomorrow to give staff an overview of where the company is headed.

About 900 TechnologyOne staff will be attending over the two days with 203 arriving from interstate.

The event will be held at the Royal International Convention Centre at Bowen Hills.

Organisers said 571 hotel rooms had been booked at the Alex Perry Hotel  (which had rooms today at $170 a night) the Ovolo Hotel ($328 a night as of yesterday)  and the Calile ($489 a night).

There is an expectation from the company that local cafes and restaurants could do well out of the event.

While TechOne delivered its 11th consecutive profit earlier this year with an underlying profit before tax of $86.1 million, it was dealt a savage legal blow when a Federal Court judge described Di Marco as deceptive and self-serving in an unfair dismissal case which cost the company $5.2 million. The company is appealing the decision.

Then TechOne was delivered a first strike over executive pay and Di Marco attacked proxy advisors who recommended a vote against the payout and said their advice was confused and contradictory.

The company made few friends in the State Government when chief executive Ed Chung told In Queensland that the state was being held back because of the “mining town” attitude that ignored the tech sector.

 

 

 

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