Version 1 today announced the acquisition of advanced data analytics specialist Presidion. The acquisition of Presidion is the ninth acquisition completed by Version 1 and the second in four months.
Dublin headquartered Presidion was established over 20 years ago and is a leading advanced analytics solutions and services provider in the UK and Ireland. Servicing over 500 accounts and thousands of customers, the Presidion customer-base spans across public and commercial organisations, supporting organisations to make more accurate evidence-based decisions.
IT service provider Version 1 secured a €90 million investment from London based investment firm Volpi Capital in April 2017 to accelerate its international growth plans. The acquisition of Presidion is the ninth acquisition completed by Version 1 to date and the second this year following the acquisition of London based HR Transformation Specialist Cedar Consulting in June 2018. Version 1 projects year-end 2018 revenues at €120M (£105M), currently employs 1200 (425 UK) employees at offices across the UK and Ireland and has a strong acquisitions pipeline into 2019.
Presidion will become part of Version 1’s Digital Services practice adding specialist expertise in Advanced Data Analytics. Presidion CEO Pierre Baviera will continue to focus on the growth opportunities linked to Advanced Analytics as well as helping oversee the successful integration of the two companies. Presidion will continue to trade as Presidion in Ireland and the UK.
Commenting on the announcement, CEO of Version 1, Tom O’Connor said: “This acquisition brings a team with Advanced Data Analytics expertise to help our customers to drive evidence-based decisions. Version 1 is leading the way in Digital Transformation and this latest acquisition further consolidates our position as a market leader in Digital Services in the UK and Ireland. Together we can provide excellent services and solutions across the full spectrum of Digital Services and Advanced Data Analytics. We are excited about the opportunity to help customers build a competitive advantage and achieve significant business benefits.”
CEO of Presidion, Pierre Baviera said: “The team at Presidion is delighted to be joining Version 1, a company which shares the same values as we do, including putting our customers first and driving customer success. Version 1 recognises the importance of investment in employee development, a priority shared with Presidion. We see the acquisition as being hugely positive in enabling our growth ambitions, helping to accelerate innovation in the expert analytics space and bringing Advanced Data Analytics expertise to Version 1’s existing customers.”