3 days ago
- Business
- Belfast Telegraph
Irish IT firm with Belfast base lands NI public sector deal worth up to £150m
Version 1, which employs around 500 staff in Belfast, has won a contract with the Department of Finance for its Integr8 Programme.
The deal will include the implementation of an Oracle finance and HR cloud platform, along with an IT service management platform, and managed services.
The contract is for an initial five years, but the option for a further five years.
The potential value of the contract ranges from £63m to £150m.
'This range reflects the potential scale of the contract and takes into account changes and potential modifications to the contract that may be required,' it says.
Recently, Version 1 and the Education Authority were awarded Development Team of the Year at the Belfast Telegraph IT Awards, for their successful collaboration in developing and delivering EA Connect.
They were described by the judges as 'a very worthy winner of the Development Team of the Year, more so as it demonstrates the benefit of collaboration between public and private sector teams'.
Their collaboration had resulted in 'tangible and demonstrable benefits to communities,' the judges said. 'EA Connect hits the mark in terms of sustainability objectives, data safety and parental enablement and communication. It's a genuine win-win for all stakeholders involved.'
Version 1 also recently acquired Farsight Consulting for an undisclosed amount.
Farsight Consulting is a UK-based company with a strong track record in delivering digital transformation projects with organisations across the public sector. It will add an additional £17m in annual revenue and 133 staff to Version 1's operations.
Version 1 already partners with Farsight on several large-scale government projects, and this move will provide a compelling and powerful value proposition to all customers and prospects in this space.
Version 1 is a leader in digital transformation, partnering strategically with global organisations to transform and adopt technology and drive innovation in a responsible way.
'We warmly welcome everyone from the Farsight team to Version 1 and are eager to see the positive impact that this acquisition will have for our customers and potential customers in the public sector space,' the firm said.
'There's no doubt that this is a perfect match of talent, experience, and expertise which we have already harnessed across several projects that we already collaborate on. Farsight operates a closely matched model to ours, so we will be able to quickly realise the synergies and pass on the benefits straight away to our customers. We look forward with anticipation to making this happen.'
