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Version 1

Version 1 is an multinational services company founded in 1996 and headquartered in , specializing in , , data analytics, , and application modernization services. The company has grown through organic expansion and strategic acquisitions, including a majority stake acquired by in 2022, to become a global partner for organizations and major private enterprises, delivering solutions that integrate technologies from leading vendors such as , , AWS, , and . With over 3,200 employees as of 2025 across offices in Ireland, the , the , , and other locations, Version 1 reported revenues exceeding €255 million in 2022, emphasizing a "Strength in Balance" model that prioritizes customer success, employee development, and organizational agility. Version 1's service portfolio includes managed IT services, implementations, and -driven innovations, enabling clients to address complex business challenges through user-centric design and cutting-edge technology. The firm maintains high rates of 98%, and has been recognized for projects such as developing an -powered visitor guide app for The National Museum of Computing. Its commitment to ethical and sustainable practices further positions it as a leader in responsible .

History

Founding and early years

Version 1 was founded in 1996 in , , by Justin Keatinge and John Mullen as an IT services provider. The company emerged during a period of growing demand for technology solutions in the region, with the founders aiming to deliver customized IT implementations for businesses. Keatinge, who served as the company's first CEO until , guided its initial direction toward building reliable software and consulting services tailored to client needs. In its early years, Version 1 concentrated on and consulting for local businesses in Ireland, focusing on sectors such as , public services, and large corporates. This approach allowed the company to establish a reputation for implementing IT systems and licensing software to support . By targeting domestic markets, Version 1 positioned itself as a trusted for organizations seeking scalable solutions amid Ireland's economic expansion in the late . Key early milestones included securing major clients in the financial sector, which provided a foundation for specialized expertise in that area, and achieving steady revenue growth that built a stable operational base by 2000. Privately funded from inception with the founders as primary shareholders, the company demonstrated resilience and expansion potential during this foundational decade, setting the stage for further development without external capital until later investments. These achievements underscored Version 1's commitment to quality delivery and client-centric innovation in its nascent phase.

Growth and acquisitions

Version 1's acquisition strategy began earlier with deals in 2006 and 2010, but initiated its international expansion in the early 2010s by establishing its first office outside Ireland in Belfast, Northern Ireland, in 2012, starting with a small team of four employees focused on serving local clients in the public and private sectors. This move represented the company's initial push into the UK market, leveraging Northern Ireland's growing tech ecosystem to build a regional presence that has since expanded to over 500 staff as of 2025. The company's growth accelerated through a series of strategic acquisitions beginning in 2013, when it acquired the UK operations of Tieto , a Northern European IT services provider, for an undisclosed sum, enabling Version 1 to establish a foothold in the London market and add expertise in IT services for financial and clients. In 2014, Version 1 followed with the purchase of Rocela Group, a Scottish software asset management firm, further strengthening its capabilities in and technologies. By 2018, Version 1 had completed its ninth acquisition with the integration of Presidion, a Dublin-based data firm founded in 1994, which enhanced its advanced and offerings for enterprise clients. Subsequent deals continued to bolster 1's and expertise. In 2021, the acquisition of Neueda, a Belfast-based digital services specialist founded in 2002, for an undisclosed amount, reinforced its operations and added strengths in and cloud integration, creating one of the region's largest tech employers. In 2022, Version 1 executed two key purchases: Evoco, a service-design firm, in February, and Instinctive BI, an Edinburgh-headquartered data transformation company, in October, marking its 13th and 14th acquisitions overall and tripling the company's size since 2017 through synergies in digital consulting and analytics. These moves contributed to revenue surpassing €250 million in 2022, up significantly from its startup phase, driven by expanded client bases and integrated service lines. In 2023, Version 1 acquired Qubix, a transformation specialist, and Automation Logic, a and services provider, both for undisclosed sums, further deepening its in enterprise and . The following year, in 2024, it purchased Farsight Consulting, UK-based experts founded in 2010, to enhance its strategy and consulting capabilities across public and private sectors.

Operations

Services offered

Version 1 provides a comprehensive portfolio of IT services focused on , encompassing consulting, asset management, development, managed support, and specialized finance solutions. These offerings are designed to help organizations optimize operations, ensure , and drive through tailored strategies and implementations. In international , Version 1 delivers strategy advisory services for and business process optimization via its Evolve framework, which leverages deep business insights and to create sustainable value and prioritize technology solutions. This approach enables clients to align IT initiatives with strategic goals, fostering agility and efficiency across . Software asset management services from Version 1 emphasize tools and processes for licensing compliance, risk mitigation, and , including multi-vendor enterprise support for both on-premises and environments. Through its managed service, helps clients streamline software estates, reduce costs, and maximize investment returns by providing lifecycle management and consultative expertise. The firm's software development offerings include custom application building using agile and methodologies, often through models that modernize legacy systems and integrate for enhanced user experiences. These services focus on application modernization and integration, delivering efficient, scalable solutions that support continuous improvement and business growth. Managed IT services are provided via the ASPIRE framework, which offers ongoing support, maintenance, and through and infrastructure management, practices, cost optimization, and . This end-to-end service takes ownership of routine tasks, allowing clients to concentrate on objectives while ensuring robust performance and security. Following the 2023 acquisition of Qubix, Version 1 expanded its services to include implementations and financial system integrations, drawing on over 25 years of expertise in Hyperion, EPM, and . These capabilities enable clients to achieve greater in financial processes, with more than 1,000 successful engagements supporting productivity and decision-making. Following the 2024 acquisition of Farsight Consulting, a UK-based specialist in for organizations, Version 1 has strengthened its capabilities in AI-driven business and strategic consulting services.

Technology focus areas

Version 1's expertise centers on facilitating seamless migrations and hybrid cloud configurations across major platforms. The company's Cloud Migration Factory operates as a cloud-agnostic service, enabling large-scale transitions from on-premises datacenters to public clouds, with proven implementations on (AWS), , and Infrastructure (OCI). This approach emphasizes security, cost optimization, and scalability, as demonstrated in projects like the IT transformation for Hays, where Version 1 supported hybrid environments to enhance operational efficiency. In data and , Version 1 prioritizes advanced , machine learning deployments, and AI-driven data governance to deliver actionable insights. Through the 2018 acquisition of Presidion, a specialist in advanced data , Version 1 integrated capabilities for sophisticated data and . The 2022 acquisition of Instinctive BI further bolstered these offerings by incorporating business intelligence tools focused on and predictive modeling. A notable example is their AI governance initiative with , which earned the Best Data Governance with AI Initiative award at the 2025 DataIQ Awards for implementing ethical AI frameworks that automate and in financial data handling. Version 1's strategies adopt a user-centric guided by the Strength in Balance model, which equilibrates priorities across customer needs, employee development, and organizational resilience to promote sustainable technology adoption. This model underpins initiatives that integrate without disrupting operations, fostering environments where and solutions enhance user experiences and drive long-term value. Strategic partnerships amplify Version 1's technological capabilities, particularly in and AI. As an SPSS Analytics Partner, Version 1 delivers IBM's analytical software suite, including Statistics and Modeler, for statistical analysis, , and applications across industries. These collaborations enable customized implementations that support AI-driven decision-making, as seen in joint projects leveraging tools for . Post the 2023 acquisition of , a adoption specialist, Version 1 enhanced its offerings by integrating low-code and process tools into services, allowing clients to streamline workflows with minimal custom coding. This bolsters RPA-like efficiencies in hybrid setups, aligning with broader AI and data initiatives to automate manual processes and accelerate digital adoption.

Corporate affairs

Ownership and leadership

Version 1 was founded in 1996 as a by Justin Keatinge and John Mullen, with ownership remaining in the hands of the founders and early investors until 2017. In April 2017, UK-based Volpi Capital acquired a majority stake alongside the management team in a deal that included €90 million in investment to support international expansion. On April 20, 2022, Swiss investment firm acquired the majority stake from Volpi Capital, valuing Version 1 at approximately €800 million, with the transaction completing later that year; management retained a significant . Leadership at Version 1 has evolved alongside its growth phases. Justin Keatinge served as CEO from the company's founding in 1996 until April 2017, when he stepped down to pursue other interests but remained on the board as a . Tom O'Connor, who joined the company in 2001 and held roles including , was appointed CEO on April 1, 2017, leading Version 1 through a period of accelerated expansion and acquisitions until his departure in late 2024. On June 11, 2025, , who had joined as in February 2025, was appointed CEO, succeeding O'Connor and focusing on AI-driven and global scaling. As of November 2025, Version 1's executive team is led by CEO , with key figures including Ger O'Sullivan as Managing Director for and Utilities in Ireland, overseeing major public sector contracts. The includes founder Justin Keatinge as a non-executive member, alongside Executive Chairman Brian Humphries and representatives from . Financially, Version 1 reported revenue of approximately $383 million USD in its most recent filings as of , reflecting steady growth supported by organic expansion and strategic moves. The company has grown its workforce to over 3,000 employees following acquisitions in 2023, enhancing its capabilities in digital services across and .

Global operations

Version 1 is headquartered at Millennium House, Millennium Walkway, , D01 F5P8, . The company's European operations span several locations, including offices in and Belfast in and , respectively, as well as in , , Kings Hill, and in the . In , Version 1 maintains offices in at 1460 , Office 9019, New York, NY 10036, and in at 15255 S. 94th Avenue, Suite 500, Orland Park, IL 60462. Its Asia-Pacific presence includes facilities in at Madhuvan North Avenue – M2 Block, A Wing, 8th floor, , Nagavara, , 560045, and in at Baner One, Floor 701 & 702, Pancard Club Road, , , 411045. As of 2025, Version 1 employs approximately 3,000 people worldwide, with the majority based in Ireland and the , forming diverse teams of specialists in IT consulting and technology services. These expert groups support global client needs through a distributed that emphasizes and regional expertise. The company has grown internationally through organic expansions, including the opening of its office in , and strategic acquisitions that have established additional regional hubs.

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