About Version 1
Version 1 is a company based in Dublin (Ireland) founded in 1996 was acquired by Partners Group in April 2022. It operates as a Professional Services, and Managed Services. Version 1 has raised $106.59 million across 2 funding rounds from investors including Partners Group, Volpi Capital and Development Capital. The company has 371 employees as of April 09, 2024. Version 1 has completed 9 acquisitions, including Automation Logic, Cedar Consulting and Evoco. Version 1 offers products and services including Application Modernisation and Integration, Cloud Transformation, Data x AI, Experience Design and Development, and ASPIRE Managed Services.
- Headquarter Dublin, Ireland
- Employees 371 as on 09 Apr, 2024
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Sectors
Business ServicesTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Version 1
- Date of Incorporation 09 Feb, 2007
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$9.54 M (USD)79.84as on Mar 31, 2023
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Net Profit
$942.75 K (USD)45.61as on Mar 31, 2023
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EBITDA
$1.87 M (USD)47.41as on Mar 31, 2023
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Total Equity Funding
$106.59 M (USD)
in 2 rounds
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Latest Funding Round
$95.85 M (USD), Private Equity Round
Apr 02, 2017
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Investors
Partners Group
& 2 more
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Employee Count
371
as on Apr 09, 2024
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Investments & Acquisitions
Automation Logic
& 8 more
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Acquired by
Partners Group
(Apr 20, 2022)
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Products & Services of Version 1
Version 1 offers a comprehensive portfolio of products and services, including Application Modernisation and Integration, Cloud Transformation, Data x AI, Experience Design and Development, and ASPIRE Managed Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Legacy applications are modernized for enhanced user experiences.
Business models are redefined through strategic cloud solutions.
AI potential is unlocked with high-quality data integration.
Customer experiences are elevated through human-centered design approaches.
Business objectives are supported by comprehensive managed services.
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Software Development Team
124 people
Data Analysis and Operations Team
39 people
Senior Team
31 people
Sales and Marketing
20 people
Leadership Team
18 people
Finance and Accounting
15 people
Oracle Team
12 people
AWS Team
8 people
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Funding Insights of Version 1
Version 1 has successfully raised a total of $106.59M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $95.85 million completed in April 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Private Equity Round — $95.8M
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First Round
First Round
(28 Jul 2014)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2017 | Amount | Private Equity Round - Version 1 | Valuation | Volpi Capital |
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| Jul, 2014 | Amount | Private Equity Round - Version 1 | Valuation | Development Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Version 1
Version 1 has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Partners Group, Volpi Capital and Development Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Volpi Capital is engaged in mid-market private equity investments.
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Founded Year | Domain | Location | |
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Development capital is provided to Irish SMEs for growth.
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Founded Year | Domain | Location | |
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Private equity funds are managed across multiple sectors globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Version 1
Version 1 has strategically engaged in corporate development activities, having acquired 9 companies. Notable acquisitions include Automation Logic, Cedar Consulting and Evoco. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Data analytics services are provided to businesses by InstinctiveBi.
|
2016 | ||||
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IT service suite solutions are provided for automation needs.
|
2010 | ||||
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Consulting services in digital, technology, and organizational transformation are offered.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Version 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Version 1 Comparisons
Competitors of Version 1
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Version 1
When was Version 1 founded?
Version 1 was founded in 1996 and raised its 1st funding round 18 years after it was founded.
Where is Version 1 located?
Version 1 is headquartered in Dublin, Ireland.
Is Version 1 a funded company?
Version 1 is a funded company, having raised a total of $106.59M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $10.74M, raised on Jul 28, 2014.
How many employees does Version 1 have?
As of Apr 09, 2024, the latest employee count at Version 1 is 371.
What is the annual revenue of Version 1?
Annual revenue of Version 1 is $9.54M as on Mar 31, 2023.
What does Version 1 do?
Version 1 is focused on transforming business challenges into sustainable success through technology and people. Services provided include application modernization, cloud transformation, data and AI integration, and experience design. Sectors served encompass financial services, public sector, energy, healthcare, transport, and manufacturing. Solutions are tailored to empower businesses to define their future, leveraging AI and cloud agility for innovation and competitive advantage. A global footprint ensures accelerated business growth aligned with client ambitions.
What products or services does Version 1 offer?
Version 1 offers Application Modernisation and Integration, Cloud Transformation, Data x AI, Experience Design and Development, and ASPIRE Managed Services.
How many acquisitions has Version 1 made?
Version 1 has made 9 acquisitions, including Automation Logic, Cedar Consulting, and Evoco.
Who are Version 1's investors?
Version 1 has 3 investors. Key investors include Partners Group, Volpi Capital, and Development Capital.