Leading Irish IT consulting and managed services provider, Version-1, has continued its “aggressive” acquisition-led growth strategy by purchasing a UK company for an undisclosed sum.
The acquisition of Birmingham-based Patech Solutions — a near 20-year-old Oracle consulting practice —brings to five the number of firms the Dublin company has snapped up as part of its latest expansion drive.
“Patech is a close fit with our aggressive acquisition criteria and strengthens our public sector profile and our Oracle practice across Ireland and the UK,” said Version-1’s chief executive, Justin Keatinge.
“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,” Mr Keatinge added.
The company sees the combination of its and Patech’s services as an opportunity to deliver a complete line of technology-enabled solutions and services, across a range of products.
Tony Bird, founder and chief executive of the Birmingham firm said Version-1’s takeover marks “an exciting development”.
“It will enable us to provide a wider range of solutions and services to our existing clients. It will also help us to scale up our business, rapidly, and to capture even more opportunities within the Oracle e-business space and also the broader IT services market,” he added.
Version-1 already has a strong presence in the UK, where it employs 150 people. Patech is its third UK acquisition in little over a year.
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