7 IT Companies in Australia to Know – Built In

Australia’s IT sector is projected to near $50 billion by 2028.
Australia’s IT sector generated $34 billion in 2023 and is expected to grow 7.47 percent over the next five years. It’s also the country’s third largest industry and has been growing twice as fast than average employment rates in the past decade. This trend continues as businesses continue to overhaul their operations with more modern, digital outfits supplied by market-leading IT companies, like the ones listed below.
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Catering to small businesses, Xero makes accounting software that works within an ecosystem of integrated partner software products for IT, banking and other financial management tools. Its products are designed to fold into the IT processes of small businesses, especially those that may not have a full accounting department. Xero is trusted by nearly four million users.  
 
PagerDuty makes IT software that automates responses to IT incidents. Its platform responds to security incidents, manages critical events, automates diagnostics and delegates ownership of various service processes, with the end result of lower-touch, nuanced response to incidents. In Australia, the company maintains an office in Sydney. 
 
Kinetic IT is an IT services provider developing enterprise-grade management tools as well as cybersecurity solutions. It also doubles as an accredited IT training and examination center. Founded in 1995, the company’s 1,200-person workforce interacts with a range of industries, from government and utilities sectors to the corporate world. In 2021, Deloitte named Kinetic IT as one of the best managed companies in the country.
 
MYOB is a software company known for its accounting, tax and bookkeeping solutions. Using its business-management platform, sole traders, startups and enterprise-level companies can streamline their cash flow, payroll and day-to-day operations across its archive of more than 350 apps. The company, which employs over 1,900 industry professionals, claims to be Australia’s first “unicorn” tech startup, established in 1991.
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TechnologyOne is an IT firm that offers SaaS software through a cloud-based ERP suite. Its portfolio comes with 15 pre-configured products that assist with accounting, procurement, project and compliance management as well as supply chain operations through a single user-friendly interface. With over 1,200 employees and over $300 million in annual revenue, TechnologyOne’s products are used across industries, like education and government, supporting over 6.5 million students globally and one in four public sector organizations. 
 
Canva is best known for its free-to-use online graphics design tool that features easy, drag-and-drop templates for visual content creations. With over 15 billion designs available in 100 different languages, the platform hosts more than 135 million monthly visitors from 190 countries. Launched in 2013, the company, now valued at $25.5 billion, has since grown to employ 3,500 workers, powering 85 percent of Fortune 500 companies.
 
Fintech company Iress consists of a 2,000-person team that offers software for the financial services industry. Founded in 1993, the company’s platform is used by more than 10,000 businesses and one half million global users, ranging from financial advisors to traders, lenders and mortgage brokers, to provide data-driven advice and wealth management solutions. Headquartered in Melbourne, Iress operates from 17 different offices across seven countries. 

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