{{Short description|Irish company}} {{About|the company|the wrestler|Matt Hardy}} {{Advert|date=February 2020}} {{EngvarB|date=September 2019}} {{Use dmy dates|date=September 2019}} {{Infobox company | name = Version 1 | logo = Version1 - Alt Main Logo - 280 x 80.png | industry = Professional services<br />Technology services<ref name=what-we-do-page>{{cite web|title=About Version 1|url=http://www.version1.com/About-Version-1/What-we-do|accessdate=7 May 2015}}</ref> | location = Dublin, Ireland<br />London, UK<br />New York, USA<br />Chicago, USA | foundation = 1996 | owner = {{ubl|independent {{smaller|(1996–2017)}}|Volpi Capital {{smaller|(2017–22)}}|Partners Group {{smaller|(2022–present)}}}} | area_served = Ireland<br />UK<br />North America | key_people = Roop Singh <small> (CEO) </small><br />Brian Humphries <small> (Chairman)</small><br />Andrew Langford<small> (CFO)</small><br /><ref name=our-team-page>{{cite web|url=http://www.version1.com/About-Version-1/Our-Team|accessdate=7 May 2015|title=Version 1 Directors}}</ref> | services = Management consulting, Managed services, Software development, Outsourcing<ref name=what-we-do-page/> | revenue = €195 million (2021)<ref name=top-1000-version-1-page>{{cite news|title=Top 1000 Version 1|url=http://www.top1000.ie/version1|newspaper=The Irish Times|accessdate=9 September 2015}}</ref> | num_employees = 3000+ | homepage = {{URL|www.version1.com/}} }}
'''Version 1''' is an Irish company specializing in international management consulting, software asset management, software development, cloud computing, and outsourcing.<ref name=what-we-do-page/><ref>{{Cite web|url=https://version1.com/About-Version-1/What-we-do|title=About Version 1 – What we do|date=18 December 2017|website=Version1.com}}</ref>
On 13 July 2022 Partners Group completed the acquisition of a majority stake in Version 1.<ref>{{Cite news|url=https://www.volpicapital.com/portfolio/version-1/|title=Version 1|work=Volpi Capital|access-date=2022-12-17|language=en-US}}</ref>
==History== Version 1 was established in Dublin, Ireland in 1996 by Justin Keatinge and John Mullen.<ref>{{Cite web|url=https://version1.com/About-Version-1/History.aspx|title=Version1 History|website=Version1.com}}</ref>
In the years leading up to 2011, Version 1 was named in the Deloitte Fast 50 list,<ref name=irish-dev-2008-10-20-page>{{cite web |title=Deloitte Fast 50 Award Winners 2008 |url=http://irishdev.com/Home/News/77-Deloitte-Fast--Award-Winners-.html |accessdate=7 May 2015}}</ref><ref>{{Cite web |title=Technology Fast 50 2022 |url=https://www2.deloitte.com/ie/en/pages/technology-media-and-telecommunications/articles/technology-fast-50-awards.html |access-date=2023-03-19 |website=Deloitte Ireland |language=en}}</ref> employed more than 150 consultants and had annual revenues of €17.5m.<ref name="independent-2014-01-19-page">{{cite news |url=http://www.independent.ie/business/irish/keatinges-version-1-looks-to-raise-20m-29928614.html |title=Keatinge's Version 1 looks to raise €20m|date=19 January 2014 |accessdate=7 May 2015}}</ref>
In 2014, the company opened its London office and expanded its Belfast office.<ref name="bbc-2014-09-25-page">{{cite web|title=IT firm Version 1 creating 50 jobs in Belfast expansion|work=BBC News |date=25 September 2014 |url=https://www.bbc.com/news/uk-northern-ireland-29363635|accessdate=7 May 2015}}</ref><ref name="invest-ni-2014-09-25-page">{{cite web|title=Version 1 Expands Belfast Operation Creating 50 New Jobs|url=http://www.investni.com/news/version-1-expands-belfast-operation-creating-50-new-jobs.html|accessdate=7 May 2015}}</ref><ref name="irish-mirror-2014-09-25-page">{{cite web|title=IT company Version 1 creates 50 top-end jobs with average salary of £57,500|date=25 September 2014 |url=http://www.irishmirror.ie/news/irish-news/company-version-1-creates-50-4322247|accessdate=7 May 2015}}</ref> Version 1 acquired the UK-based Tieto Corporation,<ref name="business-leadership-2013-11-07-page">{{cite web|title=Version 1 acquires UK operation of Tieto Corporation|date=7 November 2013 |url=http://www.businessandleadership.com/exporting/item/43421-version-1-acquires-uk-opera|accessdate=7 May 2015}}</ref><ref name="silicon-republic-2013-11-07-page">{{cite web|title=Version 1 buys UK-based IT firm – aims to become Ireland's first €1bn services player|url=http://www.siliconrepublic.com/business/item/34754-version-1-buys-uk-based-it|accessdate=7 May 2015}}</ref><ref name="bloomberg-tieto-page">{{cite web|title=Company Overview of Tieto Corporation| website=Bloomberg News |url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=250249491|accessdate=7 May 2015}}</ref> and were recognized as one of the top 50 workplaces in Europe.<ref name="great-place-europe-2013-page">{{cite web|title=2013 BEST NATIONAL COMPANIES 50–500 Employees Category|url=http://www.greatplacetowork.net/best-companies/best-workplaces-in-europe/best-small-and-medium-workplaces-in-europe/1712-2013|accessdate=7 May 2015}}</ref> They went on to acquire UK-based Rocela Group<ref name="independent-2014-01-19-page" /><ref name="rocela-2014-01-13-page">{{cite web|title=Rocela Group successfully acquired by Version 1|url=http://www.rocela.com/press_release/rocela-group-successfully-acquired-version-1/|accessdate=7 May 2015}}</ref> along with the UK-based Patech Solutions.<ref name="irish-times-2015-01-12-page">{{cite news|title=Version 1 grows again with UK acquisition|newspaper=The Irish Times |url=http://www.irishtimes.com/business/technology/version-1-grows-again-with-uk-acquisition-1.2062362|accessdate=7 May 2015}}</ref><ref name="irish-examiner-2015-01-12-page">{{cite web|title=IT firm Version-1 continues to branch out in UK|date=12 January 2015 |url=http://www.irishexaminer.com/business/it-firm-version-1-continues-to-branch-out-in-uk-306500.html|accessdate=7 May 2015}}</ref><ref name="irish-news-2015-01-13-page">{{cite web|title=New Version 1 acquisition|url=http://www.irishnews.com/business/new-version-1-acquisition-1405612|accessdate=7 May 2015}}</ref><ref name="silicon-republic-2015-01-12-page">{{cite web|title=Version 1's UK expansion continues with the acquisition of Patech Solutions|url=http://www.siliconrepublic.com/business/item/40120-version-1-s-uk-expansion-co|accessdate=7 May 2015}}</ref><ref name="tech-central-2015-01-12-page">{{cite web|title=Version 1 acquires Patech Solutions|date=12 January 2015 |url=http://www.techcentral.ie/version-1-acquires-patech-solutions|accessdate=7 May 2015}}</ref><ref name="digital-daily-2015-01-12-page">{{cite web|title=Version 1 buys Patech Solutions|url=http://www.digitaldaily.ie/2015/01/12/version-1-buys-patech-solutions|accessdate=7 May 2015}}</ref><ref name="business-plus-2015-01-page">{{cite web|title=Version 1 Acquires Patech Solutions|url=http://www.bizplus.ie/news/5052|accessdate=7 May 2015}}</ref> By year end, they had a total of eight international offices employing more than 500 consultants with annual revenues of €60m.<ref name="business-finance-2014-page">{{cite web|title=Business and Finance Tech 100|url=http://businessandfinance.com/wp-content/uploads/2014/08/Tech-100-2014.pdf|accessdate=7 May 2015}}</ref>
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.<ref>{{Cite news|url=https://www.independent.ie/business/technology/tech-firms-on-track-to-raise-more-than-1bn-in-record-venture-capital-haul-36344560.html|title=Tech firms on track to raise more than €1bn in record venture capital haul |work=The Irish Independent|access-date=30 November 2017}}</ref> 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.<ref>{{Cite web|url=http://clearwaterinternational.com/transactions/clearwater-international-advises-management-buy-version-1-backed-volpi-capital/|title=Clearwater International Advises Management buy Version 1 Backed Volpi Capital|website=|accessdate=18 December 2017}}</ref> 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.<ref>{{Cite web|url=https://www.version1.com/innovation//|title=Innovation at Version 1|website=|accessdate=25 September 2019}}</ref> In June 2018 Version 1 acquired the HR Transformation specialist Cedar Consulting Ltd.<ref>{{Cite news|url=https://www.irishtimes.com/business/technology/version-1-acquires-cedar-consulting-to-widen-footprint-in-uk-market-1.3518282|title=Version 1 acquires Cedar Consulting to widen footprint in UK market|last=Taylor|first=Charlie|newspaper=The Irish Times|access-date=18 March 2019}}</ref>
In 2019, Version 1 was presented alongside [https://www.icbf.com/wp/ ICBF] at Oracle OpenWorld, where a Blockchain Solution for the trace-ability of Irish Cattle and meat was discussed.<ref name="Our Technology Partners">{{Cite web|url=https://www.version1.com/about-us/our-technology-partnerships//|title=Our Technology Partners|work=Version 1 |accessdate=25 September 2019}}</ref> 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.<ref>{{Cite web |title=WIT UK Awards 2023 {{!}} Bonhill PLC |url=https://www.bonhillevents.com/EN/WITUKAwards2023/shortlist |access-date=2022-11-03 |website=WIT UK Awards 2023 {{!}} Bonhill PLC |language=en}}</ref>
==References== {{reflist}}
{{Portalbar|Companies}}
Category:2022 mergers and acquisitions Category:Consulting firms established in 1996 Category:Information technology consulting firms of Ireland Category:International information technology consulting firms Category:International management consulting firms Category:Irish companies established in 1996