Version 1
Version 1 is an Irish company specializing in international management consulting, software asset management, software development, cloud computing, and outsourcing.[1][4] On 13 July 2022 Partners Group completed the acquisition of a majority stake in Version 1.[5] HistoryVersion 1 was established in Dublin, Ireland in 1996 by Justin Keatinge and John Mullen.[6] In the years leading up to 2011, Version 1 was named in the Deloitte Fast 50 list,[7][8] employed more than 150 consultants and had annual revenues of €17.5m.[9] In 2014, the company opened its London office and expanded its Belfast office.[10][11][12] Version 1 acquired the UK-based Tieto Corporation,[13][14][15] and were recognized as one of the top 50 workplaces in Europe.[16] They went on to acquire UK-based Rocela Group[9][17] along with the UK-based Patech Solutions.[18][19][20][21][22][23][24] By year end, they had a total of eight international offices employing more than 500 consultants with annual revenues of €60m.[25] In 2017, the UK equity firm Volpi Capital LLP became the majority shareholder in Version 1 in a deal that saw a €100 million buy out of the original founders and shareholders.[26] Shareholders included the Development Capital Fund, who invested c. €8m in 2014 and realized in excess of c. €20m on their investment. This buy out raised €90 million of expansion capital to allow Version 1 expand its operations in the UK and Europe.[27] On 24 April 2017, Tom O'Connor was appointed as Version 1 CEO after former CEO Justin Keatinge resigned. Keatinge stayed on Version 1's board and remains a major shareholder. In 2018, Version 1 announced a €1 million investment into its Innovation Labs. The current areas of focus are: Blockchain, Internet of things, Chatbots, Machine learning, Virtual reality and Augmented reality.[28] In June 2018 Version 1 acquired the HR Transformation specialist Cedar Consulting Ltd.[29] In 2019, Version 1 was presented alongside ICBF at Oracle OpenWorld, where a Blockchain Solution for the trace-ability of Irish Cattle and meat was discussed.[30] Version 1 also presented at Microsoft Future Decoded 2019, Microsoft's main UK event, with Roger Whitehead, Advisory Services Lead at Version 1 discussing the impact of Application Modernisation. In 2022, Version 1 are nominated for "Employer of the Year" in the Women in IT Awards 2023.[31] References
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