TechnologyOne, a provider of enterprise software offering, has launched TechnologyOne C2, a cloud computing offering to enable users migrate to the cloud for realising major operating and capital expenditure savings.

TechnologyOne C2 will be built in the cloud, hosted in the cloud, and delivered from the cloud to provide the compelling value users expect from the cloud paradigm, the company said.

According to the company, it will re-engineer its business to harness the benefits of cloud computing technology to upgrade its software and provide a cost effective delivery model for users.

TechnologyOne UK operating officer Roger Phare said that the company’s new offering would see it leap ahead of its competitors to provide a complete enterprise solution designed specifically for the cloud.

"Most vendors have developed a cloud strategy, but what really sets TechnologyOne apart is our willingness and ability to re-engineer our software for the cloud," Phare said.

"We know that the only way to deliver the compelling benefits customers expect, such as substantially reduced staffing and hardware costs and streamlined business processes, is to rebuild our software in the cloud, for the cloud."