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This article is about the company. For the wrestler, see Matt Hardy.

Version 1
IndustryBusiness transformation
Technology services[1]
Founded1996
HeadquartersDublin, Ireland
London, UK
Area served
Ireland
UK
Key people
Tom O'Connor (CEO)
Louise Lahiff (COO)
Patrick Cooney (CFO)
[2]
Services
Revenue£296 million (2023)[3]
Owner
  • independent (1996–2017)
  • Volpi Capital (2017–22)
  • Partners Group (2022–present)
Number of employees
3500+
Websitewww.version1.com

Version 1 is a global leader in business transformation, leveraging cutting-edge technology and expert teams to drive sustainable business success. With decades of experience, Version 1 partners with customers to exceed expectations through innovative solutions in cloud, data and AI, application modernisation, and more.

History

[edit]

Version 1 was established in Dublin, Ireland in 1996 by Justin Keatinge and John Mullen.[4]

In the years leading up to 2011, Version 1 was named in the Deloitte Fast 50 list,[5][6] employed more than 150 consultants and had annual revenues of €17.5m.[7]

In 2014, the company opened its London office and expanded its Belfast office.[8][9][10] Version 1 acquired the UK-based Tieto Corporation,[11][12][13] and were recognized as one of the top 50 workplaces in Europe.[14] They went on to acquire UK-based Rocela Group[7][15] along with the UK-based Patech Solutions.[16][17][18][19][20][21][22] By year end, they had a total of eight international offices employing more than 500 consultants with annual revenues of €60m.[23]

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.[24] 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.[25] 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.[26] In June 2018 Version 1 acquired the HR Transformation specialist Cedar Consulting Ltd.[27]

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.[28] 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.[29]

Version 1’s approach is underpinned by the “Strength in Balance” model, focusing on customers, people, and a strong organisation. This model is guided by core values such as honesty, integrity, personal commitment, and a customer-first mentality.[30]

Partners

[edit]

Version 1 has multiple long standing and enhanced partner relationships.[28] Global Partnerships: Version 1 collaborates with leading technology partners like Oracle, Microsoft, AWS, Red Hat, and Snowflake to tackle complex challenges and deliver innovative solutions.[30]

Version 1 has been a Platinum Partner for Oracle in Cloud Managed Services and has the Largest Oracle capability in the UK and Ireland.[31] In 2023, they were named Oracle's Innovation Partner of the Year (EMEA) [32] Most recently, in 2024, Version 1 achieved significant recognition at the UK Oracle User Group (UKOUG) Community Awards. They won a total of 14 awards, including 8 Gold, 5 Silver, and 1 Project award across various categories. [33]

Version 1 is a Microsoft Solutions Partner and has worked with Microsoft since 2006, being named Microsoft Partner of the Year in 2011, Application Development Partner of the Year for Ireland in 2015, and Business Intelligence and Data Analytics Partner of the Year in 2016.[34] In 2019, Version 1 were awarded Microsoft's 2019 Partner Award for Intelligent Cloud – Data Estate Modernization.[35] Version 1 were named global winner in the Modernizing Applications category in the 2023 Microsoft Partner of the Year Awards.[36] This award highlights their innovative work with National Highways, particularly their transformation of the National Incident Liaison Officers (NILO) application. This project significantly improved the speed and efficiency of incident reporting, enhancing road safety and user productivity. In 2024, Version 1 was named a finalist in the Inclusion Changemaker category at the Microsoft Partner of the Year Awards.[37] This recognition came from their innovative work with The National Museum of Computing on the TNMOC Mate app. The app uses generative AI to make the museum more accessible and engaging, catering to diverse languages and the neurodiverse community.[38]

Version 1 was one of the first Amazon Web Services Partners in Europe and is a Premier Consulting Partner across areas such as Migration, Public Sector and Managed Services Provider.[39] Version 1 was awarded the AWS Migration Partner of the Year for their exceptional work in helping customers migrate to AWS.[40] Version 1 was recognised as the Collaboration Partner of the Year at the 2023 Geo and Global AWS Partner Awards. This award celebrates their successful collaboration with multiple AWS partners to address customer challenges, particularly in the public sector.[41]

Version 1 collaborates with Red Hat to provide enterprise-grade open-source solutions, enhancing their cloud and automation capabilities.[42]

Version 1 partner with Snowflake to deliver advanced data warehousing and analytics solutions, helping clients leverage their data for better decision-making. [43]

References

[edit]
  1. ^ "About Version 1".
  2. ^ "Version 1 Directors". Retrieved 7 May 2015.
  3. ^ "Channel Eye". Retrieved 9 September 2015.
  4. ^ "Version1 History". Version1.com.
  5. ^ "Deloitte Fast 50 Award Winners 2008". Retrieved 7 May 2015.
  6. ^ "Technology Fast 50 2022". Deloitte Ireland. Retrieved 19 March 2023.
  7. ^ a b "Keatinge's Version 1 looks to raise €20m". 19 January 2014. Retrieved 7 May 2015.
  8. ^ "IT firm Version 1 creating 50 jobs in Belfast expansion". Retrieved 7 May 2015.
  9. ^ "Version 1 Expands Belfast Operation Creating 50 New Jobs". Retrieved 7 May 2015.
  10. ^ "IT company Version 1 creates 50 top-end jobs with average salary of £57,500". Retrieved 7 May 2015.
  11. ^ "Version 1 acquires UK operation of Tieto Corporation". Retrieved 7 May 2015.
  12. ^ "Version 1 buys UK-based IT firm – aims to become Ireland's first €1bn services player". Retrieved 7 May 2015.
  13. ^ "Company Overview of Tieto Corporation". Bloomberg News. Retrieved 7 May 2015.
  14. ^ "2013 BEST NATIONAL COMPANIES 50–500 Employees Category". Retrieved 7 May 2015.
  15. ^ "Rocela Group successfully acquired by Version 1". Retrieved 7 May 2015.
  16. ^ "Version 1 grows again with UK acquisition". The Irish Times. Retrieved 7 May 2015.
  17. ^ "IT firm Version-1 continues to branch out in UK". Retrieved 7 May 2015.
  18. ^ "New Version 1 acquisition". Retrieved 7 May 2015.
  19. ^ "Version 1's UK expansion continues with the acquisition of Patech Solutions". Retrieved 7 May 2015.
  20. ^ "Version 1 acquires Patech Solutions". Retrieved 7 May 2015.
  21. ^ "Version 1 buys Patech Solutions". Retrieved 7 May 2015.
  22. ^ "Version 1 Acquires Patech Solutions". Retrieved 7 May 2015.
  23. ^ "Business and Finance Tech 100" (PDF). Retrieved 7 May 2015.
  24. ^ "Tech firms on track to raise more than €1bn in record venture capital haul". The Irish Independent. Retrieved 30 November 2017.
  25. ^ "Clearwater International Advises Management buy Version 1 Backed Volpi Capital". Retrieved 18 December 2017.
  26. ^ "Innovation at Version 1". Retrieved 25 September 2019.
  27. ^ Taylor, Charlie. "Version 1 acquires Cedar Consulting to widen footprint in UK market". The Irish Times. Retrieved 18 March 2019.
  28. ^ a b "Our Technology Partners". Retrieved 25 September 2019.
  29. ^ "WIT UK Awards 2023 | Bonhill PLC". WIT UK Awards 2023 | Bonhill PLC. Retrieved 3 November 2022.
  30. ^ a b "About Version 1".{{cite news}}: CS1 maint: url-status (link)
  31. ^ "Oracle Partner". Retrieved 25 September 2019.
  32. ^ "Version 1 tech partnerships".{{cite web}}: CS1 maint: url-status (link)
  33. ^ "Version 1 wins big at the UK Oracle User Group Community Awards 2024".{{cite web}}: CS1 maint: url-status (link)
  34. ^ "Microsoft Partner". Retrieved 25 September 2019.
  35. ^ "Version 1 Wins Microsoft 2019 Partner Award for Intelligent Cloud". Retrieved 25 September 2019.
  36. ^ "Version 1 Celebrates Winning Global Microsoft Partner of the Year Award".{{cite web}}: CS1 maint: url-status (link)
  37. ^ "Version 1 named as a finalist of 2024 Microsoft Inclusion Changemaker Partner of the Year Award".{{cite web}}: CS1 maint: url-status (link)
  38. ^ "Version 1 and The National Museum of Computing Launch New App Using Gen AI To Improve Visitor Experience".{{cite web}}: CS1 maint: url-status (link)
  39. ^ "Oracle OpenWorld 2019 - Irish Cattle moo-ves blockchain conversation along with meaty trial". Retrieved 25 September 2019.
  40. ^ "Version 1 recognised as AWS Collaboration Partner of the Year EMEA".{{cite web}}: CS1 maint: url-status (link)
  41. ^ "Version 1 recognised as AWS Collaboration Partner of the Year EMEA".{{cite web}}: CS1 maint: url-status (link)
  42. ^ "About Version 1".{{cite web}}: CS1 maint: url-status (link)
  43. ^ "About Version 1".{{cite web}}: CS1 maint: url-status (link)
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