Latest news with #Version1
Belfast Telegraph
4 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.'
The Hindu
05-07-2025
- Business
- The Hindu
‘After Trump's tariff drama, global clients are slowly opening up their purses now', says Irish tech firm, Version 1
After the U.S 'tariff drama', most global clients started talking to tech vendors and slowly opening up their purses now, observed Ganesh Kalyanaraman, Managing Director, India and North America, Version 1, an Irish firm that focuses on application modernisation, digital transformation, and AI. 'The global tech meltdown is real and there is clear uncertainty in the global market. However, post-tariff drama, we see clients talking to tech vendors and showing a willingness to open up their purses. It is a discretionary spend. That's good news,'' he told The Hindu. According to Mr. Kalyanaraman, global companies currently looking at a combination of things to cut costs. They want to consolidate all the current time and material and they are looking for a fixed-price engagement with productivity through AI. 'They are also looking at ways and means to reduce their CAPEX spend and they are automating all manual work that can be automated,'' he observed. One out of three clients is looking for AI-led services, he added. On Version 1's India expansion plan, Ganesh said the company has plans to build India as a prominent geography. 'The plan is to make India a prominent delivery centre in the next three years. This will include setting up an innovation lab in India, partnering with academia, and expanding delivery capabilities. The company aims to quadruple its India headcount to over 2,000 employees, in the next three years,'' he added. Further commenting on market outlook, Mr, Kalyanaraman said, the AI as a service (AIaaS) market was expanding rapidly, with a projected market size anticipated to rise from about $ 20 billion in 2025 to $91 billion by 2030, featuring a CAGR of 35%.
Business Post
11-06-2025
- Business
- Business Post
Version 1 appoints Roop Singh as chief executive
Irish IT services company Version 1 has appointed Roop Singh as its chief executive officer, less than six months after he joined the organisation as ...
Business Post
15-05-2025
- Business
- Business Post
Coreweave signs new $4 billion deal with OpenAI
Version 1, an Irish IT service management company, announced that it has been awarded... Metrolink will seek a private partner to install and run the Dublin metro railway... DUBLIN The Iseq All Share closed in the red, dropping 0.35 per cent (-39.13bps) to... The Beacon Hospital, the private medical facility in the Sandyford suburb of Dublin,... Oil prices slipped on Thursday on expectations for a U.S.-Iran nuclear deal that... Nvidia-backed AI company Coreweave has signed an additional agreement with OpenAI... We're overdue A Big Thing. Pretty much a century overdue. Back in the early 1920s,...
Business Post
15-05-2025
- Business
- Business Post
Oil drops 3% on expectations for US-Iran nuclear deal
Version 1, an Irish IT service management company, announced that it has been awarded... Metrolink will seek a private partner to install and run the Dublin metro railway... DUBLIN The Iseq All Share closed in the red, dropping 0.35 per cent (-39.13bps) to... The Beacon Hospital, the private medical facility in the Sandyford suburb of Dublin,... Oil prices slipped on Thursday on expectations for a U.S.-Iran nuclear deal that... Nvidia-backed AI company Coreweave has signed an additional agreement with OpenAI... We're overdue A Big Thing. Pretty much a century overdue. Back in the early 1920s,...
