IT services company Version 1 has announced plans to create up to 100 jobs on the back of an €8 million investment secured from the BDO Development Capital Fund.
The award is the first to the supported by the €75 million Fund since its launch in March this year. The Fund managed by Development Capital, a 100% subsidiary of BDO and is supported by the Department of Jobs through Enterprise Ireland.
Version 1 founder Justin Keatinge said: “Version 1 is enjoying a very exciting stage. Today’s announcement provides us with the investment needed to take our growth and planned development through acquisition. We are a results-driven organisation, which prides itself on helping our partners strive for excellence in their areas of expertise.
“We can also now tap into the expertise that comes with The BDO Development Capital Fund; the support of both the Fund’s advisory panel members and the Fund’s Corporate Partners, Bank of Ireland, Glen Dimplex, CRH and Glanbia.”
Version 1 acquired two UK companies in the last 12 months: the Edinburgh-based Rocela Group and the UK business of Northern European IT services company Tieto Corporation.
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