Version 1’s UK expansion continues with the acquisition of Patech Solutions

12 Jan 2015561 Views

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Version 1’s avowed strategy to become a €1bn software and services giant continues with the news the company has acquired Birmingham-based company Patech Solutions for an undisclosed sum.

A key reason for the acquisition was Patech’s significant experience of the Oracle E-Business Suite product stack and associated technologies.

Patech has invested considerably in providing value added services that deliver to its clients.

The acquisition will see Version 1 strengthen its position as a leading Oracle partner in the UK and Ireland.

“Patech is a close fit with our aggressive acquisition criteria and strengthens our Public sector profile and our Oracle practice across Ireland & the UK,” explained Version 1 CEO Justin Keatinge.

E-business talent

Patech's Tony Bird with Version 1's Justin Keatinge

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“With 65 staff, Patech has an enviable pool of e-business talent on which Version 1 can build. Similar to Version 1, Patech has a successful and very strong public sector record, a sector in which we are keen to grow, so it is an exciting opportunity for us.”

Version 1 now employs over 600 people, including 150 in the UK.

Following 35pc growth in 2014 Version 1 expects that it will achieve revenues in excess of €70m this year through a combination of acquisitions and organic growth.

In 2013 Version 1 commenced an acquisitions strategy with the ambition of making the company Ireland’s first €1bn services company.

Version 1 is a Silicon Republic Featured Employer, a selected top tech company that’s hiring now.

E-business image via Shutterstock

John Kennedy is an award-winning technology journalist who served as editor of Siliconrepublic.com for 17 years.

editorial@siliconrepublic.com