BELFAST and Dublin-based digital transformation partner Version 1 is to acquire two major players in the UK technology space – Automation Logic and Qubix – for an undisclosed sum as part of its ambitious growth strategy.
And when the deals are complete (Automation Logic must seek regulatory clearance), it will take the company's combined workforce to more than 3000 employees and some 650 customers, and also places Version 1 as the largest Irish-founded technology employer.
Version 1 navigated headwinds and global talent challenges to surpass revenues of over €255 million in 2023.
Founded in 2010 in London, the cloud and development operatioss specialist Automation Logic is on a mission is to help its clients build the teams and infrastructure they need to thrive in the digital economy.
With over 160 employees, it partners with technology giants such as AWS and Microsoft to enable the organisation to offer a range of cloud solutions to customers including the Ministry of Justice, HM Revenue & Customs and Lloyds Banking Group.
Enda Diggins, managing director of Version 1’s UK digital, data and cloud practice, said: “This coming together creates one of the strongest cloud transformation capabilities in the UK, and it will be advantageous for our customers to tap into an unappareled depth and breadth of expertise in Amazon Web Services, Microsoft Azure, DevOps and Platform Engineering.
“This acquisition deepens our digital, data and cloud expertise, providing more opportunities for our people to develop professionally, and to do what they love – work on interesting challenges with our customers.”
Version 1 has also acquired finance transformation experts Qubix, a 170-person organisation founded in 1987 and which operates out of 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 specialist experience and expertise from over 1,000 successful financial engagements across hundreds of customers’ projects.”
When Automation Logic and Qubix come onboard, it will bring Version 1’s total of acquired businesses to 16, and this number is expected to grow significantly throughout 2023.
It follows global private markets firm Partners Group acquiring the majority stake in Version 1 last year to become a key partner in the next phase of its growth.
