Version 1 continues expansion with two UK acquisitions
Version 1, a leading digital transformation partner, is to acquire UK companys Automation Logic and Qubix for an undisclosed sum. The Automation Logic deal is subject to clearance by the National Security & Investment Act 2021.
The acquisitions bring Version 1’s total of acquired businesses to 16, and this number is expected to grow significantly throughout 2023.
This news follows leading global private markets firm Partners Group acquiring the majority stake in Version 1 in 2022.
The combined entity will have more than 3,000 and 650 customers, making Version 1 as the largest Irish-founded technology employer and comes after significant growth for the firm, doubling its headcount from 1,500 in 2020 to 3,000 in 2023.
Automation Logic has more than 160 employees and partners with technology giants such as AWS and Microsoft to enable the organisation to offer a diverse range of cloud solutions to customers including the UK’s Ministry of Justice, HM Revenue & Customs and Lloyds Banking Group.
Enda Diggins, managing director of Version 1’s UK digital, data & cloud practice, said: “With both Version 1 and Automation Logic being partners to market-leading cloud providers AWS and Microsoft, we will be in a very advantageous position for our customers to tap into an unappareled depth and breadth of expertise in Amazon Web Services, Microsoft Azure, DevOps and platform engineering.”
Version 1 will also purchase Qubix, a 170-person organisation that operates out of its headquarters in London with presence in the USA, India, Australia, and Slovenia.
Colm Gillard, managing director of Version 1’s Oracle Practice, said: “As an award-winning global Oracle partner of the highest level of accreditation, Qubix brings to Version 1 over 25 years of specialist experience and expertise from over a thousand successful financial engagements across hundreds of customers’ projects.
“With deep expertise evidenced at every stage of their customer journeys, Qubix will place Version 1 in an increasingly favourable position with both new and long-standing customers alike, enabling Version 1 to drive further business agility and transformation within our customers’ businesses.”
Following the acquisition, the Qubix team will integrate with Version 1’s team. Qubix CEO Julian Owens and group director of strategy & growth Paul Johnston will be stepping down while the rest of the management team will join Version 1.
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