Version 1

Version 1 is an Irish company specialising in international management consulting, software asset management, software development, cloud computing, and outsourcing company.[1] [4]

Version 1
IndustryProfessional services
Technology services[1]
Founded1996
HeadquartersDublin, Ireland
London, UK
Area served
Ireland
UK
Key people
Tom O'Connor (CEO)
Joe O'Brien (CCO)
Jarlath Dooley (HR & Operations Director)
Andrew Langford (CFO)
[2]
ServicesManagement consulting, Managed services, Software development, Outsourcing[1]
Revenue€116 million (2018)[3]
Number of employees
1250+
Websitewww.version1.com

History

Version 1 was established in Dublin, Ireland in 1996 by Justin Keatinge and John Mullen.[5]

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

In 2014, Version 1 opened its London, UK office and expanded its Belfast, Northern Ireland office.[8][9][10] Version 1 acquired the UK-based Tieto Corporation,[11][12][13] and were recognised 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, Version 1 raised €90 million of expansion capital through a partial acquisition by the UK equity firm Volpi Capital LLP in a deal that saw a €100 million buy out of the original shareholders.[24] This investment places Version 1 among the some 1,375 SMEs that since 2008, raised almost €3.3bn worth of venture capital within Ireland.[25] Through this investment, Version 1 will expand its operations in the UK and Europe.[26] On the 24th April, 2017, Tom O'Connor was appointed as Version 1 CEO after former CEO Justin Keatinge resigned. Keatinge will stay 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.[27] In June 2018 Version 1 acquired the HR Transformation specialist Cedar Consulting Ltd. [28]

In 2019, Version 1 presented alongside ICBF at Oracle OpenWorld, where a Blockchain Solution for the trace-ability of Irish Cattle and meat was discussed [29]. 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.

Partners

Version 1 has multiple long standing and enhanced partner relationships [30] . The company currently has three main technology partners: Oracle Corporation, Microsoft and Amazon Web Services. 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]. Version 1 was also voted as the #1 Oracle Partner by their customers, in both the 2018 and 2018 Oracle User Group Awards.

Version 1 is a Gold Microsoft 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 & Data Analytics Partner of the Year in 2016[32]. In 2019, Version 1 were awarded Microsoft's 2019 Partner Award for Intelligent Cloud - Data Estate Modernisation[33].

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[34].

OneZeroOne Podcast

In April, 2019, Version 1 launched their own podcast, OneZeroOne. The OneZeroOne podcast is a series of conversations with technology and innovation experts across the UK and Ireland, who will share their ideas, experiences and lessons with listeners. The podcast is available on Spotify, AudioBoom, Deezer and other streaming services, with 6 episodes released as of September 2019.[35] Speakers include John Beckett, CEO and co-founder of ChannelSight,[36] and William Conaghan and Lizzy Hayashida, founders of Change Donations.[37]

Community Trust

In 2014, Version 1 initiated a Community Trust program supporting local and global charitable and sports organisations.[38] Grants are awarded on a quarterly basis, ranging in value from €500 to €5,000.[39] A public vote determines which causes receive the grants available, with voting undertaken on the company's Facebook page.[40] One 2015 winner was DEBRA Ireland, which won a grant of €3,500.[41]

Version 1 sponsored the 2017 Leinster Loop, that took place in the Republic of Ireland on 13 August. Leinster Loop has been nominated multiple times as Cycling Ireland's Best Cycle Event,[42] and this challenging cycle consisted of five routes spread out over 130 kilometres. All funds raised for this event went towards Breast Cancer Research and St. Laurence's GAA Community Complex.[43] Version 1 employees across the UK supported the 2019 Byte Night, the UK's largest corporate sleep out event, to fund-raise and support homelessness children.[44]

References
  1. "About Version 1". Retrieved 7 May 2015.
  2. "Version 1 Directors". Retrieved 7 May 2015.
  3. "Top 1000 Version 1". The Irish Times. Retrieved 9 September 2015.
  4. "About Version 1 – What we do". Version1.com. 18 December 2017.
  5. "Version1 History". Version1.com.
  6. "Deloitte Fast 50 Award Winners 2008". Retrieved 7 May 2015.
  7. "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". 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". 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. Kennedy, John (20 September 2017). "Irish firms raised €499m in venture capital in the first half of 2017". Silicon Republic. Retrieved 30 November 2017.
  26. "Clearwater International Advises Management buy Version 1 Backed Volpi Capital". Retrieved 18 December 2017.
  27. "Innovation at Version 1". Retrieved 25 September 2019.
  28. Taylor, Charlie. "Version 1 acquires Cedar Consulting to widen footprint in UK market". The Irish Times. Retrieved 18 March 2019.
  29. "Our Technology Partners". Retrieved 25 September 2019.
  30. "Our Technology Partners". Retrieved 25 September 2019.
  31. "Oracle Partner". Retrieved 25 September 2019.
  32. "Microsoft Partner". Retrieved 25 September 2019.
  33. "Version 1 Wins Microsoft 2019 Partner Award for Intelligent Cloud". Retrieved 25 September 2019.
  34. "Oracle OpenWorld 2019 - Irish Cattle moo-ves blockchain conversation along with meaty trial". Retrieved 25 September 2019.
  35. "One Zero One". Version 1. Retrieved 26 September 2019.
  36. "EPISODE #1: JOHN BECKETT, CEO & CO-FOUNDER OF CHANNELSIGHT". Retrieved 26 September 2019.
  37. "EPISODE #6: WILLIAM CONAGHAN AND LIZZY HAYASHIDA, CHANGE DONATIONS". Version 1. Retrieved 26 September 2019.
  38. "Version 1 Community Trust Limited". Retrieved 7 May 2015.
  39. "About Version 1 – Community Trust". 'Version 1. 18 December 2017. Retrieved 18 December 2017.
  40. "Version 1 FaceBook page". FaceBook. Retrieved 7 May 2015.
  41. "Case Study: How Debra Ireland Won a Community Grant on Social Media". Retrieved 7 May 2015.
  42. "The Leinster Loop with Stephen Roche | The Bike Comes First". www.thebikecomesfirst.com. Retrieved 6 December 2017.
  43. "Leinster Loop – Ireland's Premier charity cycle sportive". Leinster Loop. Retrieved 6 December 2017.
  44. "Version 1 Edinburgh: Byte Night Scotland East". Retrieved 26 September 2019.
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