Version 1 Software Limited
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Version 1 Software Limited - overview
Established
1996
Location
Dublin, -, Ireland
Primary Industry
IT Infrastructure
About
Version 1 Software Limited specializes in technology solutions that drive digital transformation for enterprises across various sectors, enhancing operational capabilities through innovative services. Version 1 Software Limited, founded in 1996 in Dublin, Ireland, focuses on providing technology-driven solutions. The company received its latest funding through a Secondary Buyout for EUR 600. 00 mn on April 20, 2022, from Partners Group.
It has secured a total amount raised of EUR 600. 00 mn. The firm was founded by Justin Keatinge, with Tom O'Connor serving as the current CEO. Version 1 offers a comprehensive suite of technology-driven solutions designed to facilitate digital transformation for businesses across various sectors such as financial services, public sector, healthcare, and manufacturing.
The company's core offerings include Application Modernisation and Integration, Cloud Transformation, Data x AI solutions, Experience Design and Development, ASPIRE Managed Services, and Enterprise Applications. These services enable clients to rejuvenate legacy systems and leverage artificial intelligence to enhance customer and employee experiences. In the most recent fiscal year of 2023, Version 1 reported revenues of EUR 370,704,836. 10, with an EBITDA of EUR 60,316,697.
80. Revenue generation is primarily structured through managed services and direct B2B partnerships, involving service agreements related to application modernization and AI solutions. Version 1 plans to leverage its recent acquisition by Partners Group to enhance its capabilities in digitalization, particularly across private and public sectors. Specific details on upcoming product launches and geographic expansion plans have not been disclosed, but the recent EUR 600.
00 mn investment will support these strategic initiatives, ensuring the company remains poised for growth in the evolving technology landscape.
Current Investors
Partners Group
Primary Industry
IT Infrastructure
Sub Industries
Consulting Services, Offshore IT Services/IT Outsourcing, IT Infrastructure, Analytics & Performance Software
Website
www.version1.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Version 1 Software Limited - timeline of key events
Version 1 Software Limited - financials
| Fiscal Year Ended | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 104,636,212 | 116,972,373 | 128,253,388 | 140,640,092 | 190,196,394 | - | - | - |
| % Revenue Growth (YoY) | - | 11.8% | 9.6% | 9.7% | 35.2% | - | - | - |
| EBITDA (USD) | 13,926,314 | 14,777,870 | 17,321,162 | 22,435,885 | 32,734,082 | - | - | - |
| Operating Income (USD) | 12,524,175 | 12,951,986 | 14,074,205 | 18,516,048 | 26,458,879 | - | - | - |
| Operating Margin | 12.0% | 11.1% | 11.0% | 13.2% | 13.9% | - | - | - |
| % EBITDA Margin | 13.3% | 12.6% | 13.5% | 16.0% | 17.2% | - | - | - |
| NET Income (USD) | 10,987,486 | 11,078,774 | 11,334,772 | 16,023,161 | 22,731,563 | - | - | - |
| % Net Margin | 10.5% | 9.5% | 8.8% | 11.4% | 12.0% | - | - | - |
Version 1 Software Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Qubix International Limited | - | ||||||||
| Add-on | Completed | Automation Logic Limited | - | ||||||||
| Add-on | Completed | Instinctive Business Intelligence Ltd | - | ||||||||
| Secondary Buyout | Completed | Version 1 Software Limited | - | ||||||||
| Add-on | Completed | Neueda | - |
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Version 1 Software Limited - employee data
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