Version 1

Dublin, Ireland Founded: 1996 • Age: 30 yrs Acquired By Partners Group
IT consulting and outsourced managed services are delivered.
Annual revenue $9.5M Latest available
Total funding $106.6M 2 rounds
Employees 371 Tracked headcount
Investors 3 Known backers
Products 5 Services tracked
Competitors - Brand Intelligence

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 10 acquisitions, including Automation Logic, Cedar Consulting and CreateFuture. 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
  • Sectors
    Business Services
    Technology
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Version 1
  • Date of Incorporation 09 Feb, 2007
  • Jurisdiction Bangalore North, Karnataka, India
Operational Areas
Business Services → Digital Transformation & IT Services Unlock Sub-Sector Unlock Segment
Technology → Artificial Intelligence & Machine Learning Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $9.54 M (USD)
    79.84
    as on Mar 31, 2023
  • Net Profit
    $942.75 K (USD)
    45.61
    as on Mar 31, 2023
  • EBITDA
    $1.87 M (USD)
    47.41
    as on Mar 31, 2023
  • Total Equity Funding
    $106.59 M (USD)

    in 2 rounds

  • Latest Funding Round
    $95.85 M (USD), Private Equity Round

    Apr 02, 2017

  • Investors
  • Employee Count
    371

    as on Apr 09, 2024

  • Investments & Acquisitions
  • 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.

Product name locked
Category locked
Primary

Legacy applications are modernized for enhanced user experiences.

Product name locked
Category locked
Locked

Business models are redefined through strategic cloud solutions.

Product name locked
Category locked
Locked

AI potential is unlocked with high-quality data integration.

Product name locked
Category locked
Locked

Customer experiences are elevated through human-centered design approaches.

Product name locked
Category locked
Locked

Business objectives are supported by comprehensive managed services.

People of Version 1

Headcount 200-500
Employee Profiles 356
Board Members and Advisors 2
Employee Profiles
People
Jeremy Simmons
Practice Director, USA
People
Hiranand Khatri
Hyperion SME
People
Rakesh Sinha
QA Capability Lead
People
Marion Cummins
Principal Presales Programme Manager

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Board Members and Advisors
people
Ashok Vemuri
Member Of The Board

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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 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.

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.

All
Venture Fund
Investor Description Founded Year Domain Location
Volpi Capital is engaged in mid-market private equity investments.
Locked Locked Locked
Development capital is provided to Irish SMEs for growth.
Locked Locked Locked
Private equity funds are managed across multiple sectors globally.
Locked Locked Locked
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Investor details for Version 1

Investor domains, locations, round participation, and complete history require an active premium plan.

  • Investor domains
  • Investor locations
  • Funding rounds
  • Participation history

Verified entity values are shown only after access is granted.

Investments & Acquisitions by Version 1

Version 1 has strategically engaged in corporate development activities, having acquired 10 companies. Notable acquisitions include Automation Logic, Cedar Consulting and CreateFuture.

Investments
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Investment portfolio details for Version 1

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  • Portfolio identities
  • Transaction dates
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Acquisitions
Company Name Description Domain Location Founded Year Amount
Branding services are provided by CreateFuture to various clients.
Locked Locked 2016 Locked
Data analytics services are provided to businesses by InstinctiveBi.
Locked Locked 2016 Locked
IT service suite solutions are provided for automation needs.
Locked Locked 2010 Locked
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Complete acquisition details for Version 1

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Financial Statements - Version 1

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Detailed financials for Version 1

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  • Profit trends
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Version 1 Comparisons

Version 1 Primary company
Description
IT consulting and outsourced managed services are delivered.
Location
Dublin, Ireland
Founded Year
1996
Annual Revenue
$9.54 M (USD)
Net Profit
$942.75 K (USD)
EBITDA
$1.87 M (USD)
Employees
371
As of 2024
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Peer comparison for Version 1

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  • Headcount comparison
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Competitors of Version 1

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Detailed competitors of Version 1

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  • Domains and locations
  • Full company profiles
  • Operating metrics
  • Competitive positioning

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Latest news on Version 1

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Complete news archive for Version 1

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  • Source and publication date
  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about Version 1

Version 1 was founded in 1996 and raised its 1st funding round 18 years after it was founded.

Version 1 is headquartered in Dublin, Ireland.

Version 1 is a funded company, having raised a total of $106.59M across 2 funding rounds to date.

As of Apr 09, 2024, the latest employee count at Version 1 is 371.

Annual revenue of Version 1 is $9.54M as on Mar 31, 2023.

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.

Version 1 offers Application Modernisation and Integration, Cloud Transformation, Data x AI, Experience Design and Development, and ASPIRE Managed Services.

Version 1 has made 10 acquisitions, including Automation Logic, Cedar Consulting, and CreateFuture.

Version 1 has 3 investors. Key investors include Partners Group, Volpi Capital, and Development Capital.

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