Latest news with #Farsight
Belfast Telegraph
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.'
Finextra
11-06-2025
- Business
- Finextra
Farsight raises $16 million to automate financial workflows
Farsight, the pioneering technology company transforming workflows and insights at financial institutions, today announced its Series A fundraise and $16M in capital raised. 0 Working with leading firms across investment banking, private equity, hedge funds, and wealth management, Farsight empowers companies to automate and customize workflows, seamlessly add integrations, and develop bespoke features tailored to their enterprise-specific challenges. This round was led by SignalFire, with participation from RRE Ventures, Link Ventures and K5 Ventures as well as contributions from many strategic angel investors at firms including Blackstone, Oaktree, Searchlight, Bank of America and more. The funding will be used to continue advancing Farsight's industry-leading solution and rapidly scale its team, while expanding its network of partners and customers. Co-founded by MIT graduates Samir Dutta, Noah Faro, and Kunal Tangri, Farsight is reimagining how financial institutions operate—tackling not just inefficiency, but enabling sharper execution and unlocking new business opportunities. Although some estimates show that over 40% of finance tasks could be automated, many junior and mid-level employees continue spending time on manual, repetitive work. This inefficiency delays the creation of valuable insights and prevents teams from focusing on strategic decision-making. 'Finance has been trapped in an endless cycle of inefficient processes that waste billions annually and contribute to high employee turnover,' said Samir Dutta, Co-Founder and CEO of Farsight. 'At Farsight, we're solving a systemic problem—not just by automating tasks like CIM generation and DCF modeling to boost productivity and accuracy, but by empowering teams to execute faster, seize more opportunities, and bring more strategic value to the table. By freeing talent from the drudgery of manual work and surfacing new actionable ideas, we enable firms to operate with greater agility, win more deals, and scale intelligently.' Farsight's technology stands apart due to its ability to execute complex workflows directly within the existing behavior patterns of users. The outcomes speak for themselves: in 2024, Farsight experienced record growth, with revenue increasing tenfold and the customer roster expanding 5x. 'As recovering investment bankers ourselves, we immediately saw the power of Farsight to save countless all-nighters,' said Wayne Hu, Partner at SignalFire. 'Samir, Noah, and Kunal combine a unique blend of AI, security and trust, and deep user empathy themselves to build the end to end workflow, datasets, and controls needed to actually bridge the last mile problem for analysts across the finance sector and generate the self-reinforcing feedback loops to continually improve.'
Time Magazine
30-04-2025
- General
- Time Magazine
How to Say ‘I Told You So' in a More Effective Way
It's hard to think of four words more smug—and infuriating—than 'I told you so.' 'It feels like you're delighting in the other person's misfortune,' says Jordan Conrad, founder and clinical director at Madison Park Psychotherapy in New York. 'It feels equivalent to saying 'I would never be in your position because I'm smarter than you,' or 'If you only just let me run your life for you, you would be better off.' Those are pretty unpleasant messages to send.' Yet sometimes, it's helpful to drive home the idea that a little foresight could have predicted the outcome—albeit in a kinder, more effective way. First, though, consider your relationship with the person and what you're trying to get out of the interaction, Conrad advises: Is it just to boost your own ego and knock them down a notch? Or do you genuinely believe it's a learning opportunity that could make them happier and more successful in the future? If you work alongside someone who could benefit from reflecting on their decision-making, for example, you might be doing them a favor by having a kind conversation. The same goes for teens—but only if they're receptive to it, he cautions. We asked experts for their favorite alternatives to telling someone you told them so. 'I was worried it might turn out this way. I'm sorry that it did.' This framing makes it clear that the situation could have gone another way—while allowing the other person to save face. 'It names your concern, while empathizing with them about the outcome,' says Dana Caspersen, a conflict engagement specialist and author of books including Changing the Conversation: The 17 Principles of Conflict Resolution. 'We're all fallible, and all of our actions are in some sense experiments.' She recommends adding: 'You gave it a shot, and now we know.' That demonstrates appreciation for your friend's efforts while keeping the door open for better results in the future. 'I remember us discussing this possibility—let's figure out what we can learn from it.' This is an effective way to acknowledge foresight without rubbing it in, says Malka Shaw, a licensed clinical social worker in Nutley, N.J. Plus, it shifts the focus to problem-solving rather than blame. 'We can look at it as an opportunity for growth on both sides,' she says. If you're biting back an 'I told you so' to a colleague, for example, maybe you actually weren't fully clear about what you were expecting—and taking responsibility for that will help you avoid similar snafus in the future. 'What prompted you to go in a different direction?' Switch your mindset from wanting to assert being right to getting curious about the other person. Mention that you recall discussing this exact outcome, and ask the other person why they went in another direction—or what they would want to do differently next time. 'Being curious works wonders,' says Farah Bala, founder and CEO of Farsight, a consulting agency that works to bridge communication gaps within organizations. 'You get to give them a safe space to acknowledge something that went awry, and create a learning and growth opportunity that can shift their process going forward.' 'Do you want my help in situations like this?' The hardest person to have these types of conversations with will likely be your teenager, Conrad says. Instead of immediately hitting them with an 'I told you so'—even a light version—ask if they want your help when similar scenarios arise in the future. 'This essentially gauges their comfort with you being more than a sounding board,' he says. If they do want help, you can say: 'There are some things that I think I can help you avoid, but it's up to you what you choose to do—like the time I suggested X, and it seems like that would have helped.' 'Is there some way that I can talk to you in the future that would make my suggestions easier to hear? If you're having a serious heart-to-heart with, say, your kid or spouse, use this suggestion from Conrad to prompt a discussion about how you can communicate better in the future. Gently mention that the unfortunate outcome could have been avoided, and ask your loved one if they'd like help from you in similar situations. Then talk about ways to make your advice feel more palatable, especially for someone who values making their own choices. 'Keep in mind that people close to you make mistakes, and you have to let them,' he adds. 'I guess my crystal ball was working when we originally discussed this.' Sometimes, it helps to add levity to the conversation—but only if you're talking to someone you know can see the humor in their mistakes. 'You have to know the person, and know who will take it as a joke,' Shaw says. If you pull out this line on a real grump, and it doesn't go over well? Don't say we didn't tell you so.
