Version 1
- Company typePrivate
- Founded1996
- HeadquartersLondon, United Kingdom
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
Version 1 firmographics
Firmographics- Name
- Version 1
- Legal name
- Version 1
- Website
- https://version1.com
- Company type
- Private
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
Version 1 industry classification
Industry- Product category
- IT Consulting and Digital Transformation Services
- NAICS
- Custom Computer Programming Services (541511), Computer Systems Design Services (541512), Computer Systems Design and Related Services (54151)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Programming Services (7371), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- AI/ML Engineering & Model Development Services (BPAEAHAF)
- akta.pro secondary industries
- Enterprise Application Modernization (Monolith-to-Modules, Domain Modernization) (BPAEAFAG), AI Integration & Orchestration Platforms (Connectors, Workflow, iPaaS for AI) (HDAEANAI), Enterprise Architecture & IT Operating Model (BPAHAEAB), Enterprise Integration, iPaaS & Middleware Services (API/EDI) (BPAEAGAH)
Keywords
Where Version 1 is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices14 records
Markets served
Version 1 business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Professional Services - AI Strategy and Implementation: Consulting and implementation services for AI strategy, agentic applications, and AI-first software development. Revenue generated through project-based engagements with enterprise clients.
- Managed Services - ASPIRE: Ongoing managed services offering proactive monitoring, rapid issue resolution, and cost predictability for customer systems. Generates recurring revenue through service contracts.
- Enterprise Applications Services: Oracle, Microsoft, and other enterprise application implementation and optimization services. Project-based consulting revenue.
- Cloud Transformation Services: Cloud migration and modernization services leveraging AWS, Azure, and other platforms. Revenue from consulting and implementation projects.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Enterprise transformation projects - government and large corporations |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
Version 1 product offering
Product offeringCore offering
Version 1 is an AI-first digital transformation consultancy that sells enterprise technology services including AI strategy and implementation, intelligent/agentic application development, cloud migration and modernization, managed services (ASPIRE), unified data and AI platforms, and Oracle/SAP/JD Edwards enterprise application implementation. It serves large organizations across financial services, public sector, energy and utilities, transport, pharmaceuticals/healthcare/life sciences, and manufacturing with both project-based consulting engagements and recurring managed services contracts.
Product overview
Version 1 is a global AI-first digital transformation consultancy offering an interconnected ecosystem of technology services. The portfolio centers on AI Strategy and Implementation, Intelligent Applications (including proprietary Decipher code intelligence platform, agentic applications, and AI-first software development), ASPIRE Managed Services, Cloud Transformation, Unified Data and AI, Enterprise Applications (Oracle/SAP/JD Edwards), Strategy Design and Change, Software Asset Management, and the Evolve Business Transformation Framework. Version 1 maintains strategic technology partnerships with AWS, Microsoft, Oracle, Snowflake, Red Hat, OutSystems, and Databricks to deliver solutions across Financial Services, Public Sector, Energy and Utilities, Transport, Pharmaceuticals/Healthcare/Life Sciences, and Manufacturing sectors.
Differentiator
Problem solved
Functional benefit
Products and services
- AI Strategy and Implementation AI consulting and implementation services to help organizations achieve rapid ROI and reduce risk with AI solutions built for speed, scalability, and compliance.
- Intelligent Applications AI-powered application development including agentic applications, AI-first software development, and legacy modernization. Powered by the proprietary Decipher platform for code analysis and documentation.
- Decipher Proprietary AI-powered code intelligence platform for automated code analysis and documentation generation, used in legacy modernization projects.
- ASPIRE Managed Services Managed services offering proactive monitoring, rapid issue resolution, and cost predictability for customer environments.
- Cloud Transformation Cloud migration and modernization services to accelerate cloud adoption with resilient architectures, cost optimization, and faster time-to-value.
- Unified Data and AI Data platform and governance services to transform data into strategic assets with robust governance and future-ready platforms.
- Enterprise Applications Oracle, SAP, and JD Edwards implementation and optimization services for core HR and finance business tools and processes.
- Strategy, Design and Change Human-centered design and change management services for customer and employee experience transformation.
- Software Asset Management Software license optimization and compliance services to maximize value and reduce risk and cost.
Quantifiable outcome
- Up to 90% reduction in cycle times for insurance processing activities
- +5 more outcomes
Companies that use Version 1
Customer profileNamed customers17 records
Segments7 records
Ideal customer profiles4 records
Version 1 technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability9 records
Feature3 records
Version 1 partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core.
- Foundation Risk PartnerscoreUS insurance brokerage and consulting firm partnered with Version 1 to implement AI solutions. Delivered measurable results: up to 90% decrease in cycle times, up to 50% increase in prospect conversion rates, 10x scale in opportunity generation.
- Amazon Web Services (AWS)coreAWS Premier Partner specializing in cloud transformation and modernization of complex enterprise workloads in regulated industries. Won AWS Collaboration Partner of the Year (EMEA) 2023 and Migration Partner of the Year (EMEA) 2022. Uses AWS Lambda, Amazon Q for Developer in delivery.
- MicrosoftcoreMicrosoft partner since 2006, on Azure Partner Circle since 2013, Azure FastTrack Enabled. Won Global Modernising Applications Partner of the Year 2023, Industry Partner of the Year 2022, Data Estate Modernisation Partner of Choice Ireland 2019-2020.
- OraclecoreGlobally leading Oracle authority with 700+ experts and 425+ certifications across specialisms. 26 years of delivery excellence. Honored as Oracle Innovation Partner of the Year (EMEA) 2023 and Oracle Cloud Solution Provider award winner.
- SnowflakecoreSnowflake Services partner helping customers leverage Snowflake's flexibility, performance, and usability for meaningful insights and data/AI initiatives.
- Red HatcoreLeading Red Hat Partner recognized for expertise in developing and deploying innovative enterprise solutions. Provides Red Hat OpenShift, Red Hat Enterprise Linux, and other open-source services.
- OutSystemscoreLong-term OutSystems Partner focused on developer experience and platform operation to help customers achieve faster ROI and digital transformation.
- DatabrickscoreDatabricks consulting and delivery partner (Silver Tier). Helps organizations modernize data platforms and unlock value from analytics and AI with 50+ certified consultants.
- Enterprise IrelandcoreIrish government trade and innovation agency that has worked closely with Version 1 to support its international growth journey. Positioned as key connector helping Irish companies scale internationally.
- Credo AIcoreAI governance partnership to launch AI governance service offering for seamless implementation of ethical and compliant AI practice.
- Digital Transformation SolutionscorePartnership to advance global financial supervision through AI and data innovation.
- Great Place to WorkcoreCertification organization that recognizes Version 1 as Great Place to Work in Ireland for 12 consecutive years, Best Workplaces in Tech Ireland 2024, UK Best Workplaces 2023-2024.
- A-LIGNcoreCertification body that conducted ISO/IEC 42001 certification audit for Version 1's AI management systems.
- Science Based Targets initiative (SBTi)coreValidates Version 1's near-term climate targets as part of commitment to net zero across value chain by 2035.
Scale indicators10 records
Recent moves10 records
Expansion highlights6 records
Version 1 competitors and assessment
Company assessmentDirect peers
- Kainos: UK/Ireland-headquartered digital technology services firm specializing in digital transformation, AI/data, and enterprise applications. Highly comparable in size, geography (Belfast/Dublin roots), public sector focus, and Workday/Oracle/Microsoft delivery capabilities.
Broad incumbents
- Accenture: Global professional services leader with deep AI, cloud, and enterprise application practices. Comparable across virtually all of Version 1's service lines and verticals, but at vastly larger scale; competes for the same UK/Ireland public sector and financial services engagements.
- Capgemini: Global IT services and consulting firm with strong European footprint and deep Oracle, cloud, and data/AI capabilities. Comparable across enterprise applications modernization, cloud transformation, and regulated industry transformation work.
- Deloitte: Big 4 consultancy with global AI/digital transformation practice and significant UK/Ireland public sector presence. Competes directly for large government and financial services transformation mandates including Lincolnshire-scale deals.
- Sopra Steria: European-headquartered IT services firm with comparable size (€5B+ revenue) and strong UK/France public sector focus. Comparable in digital transformation, enterprise applications, and AI services for regulated industries.
- Cognizant: Global IT services provider with strong enterprise application and digital transformation practices. Comparable across Oracle/Microsoft application services, cloud transformation, and AI-enabled modernization work.
- TCS (Tata Consultancy Services): Global IT services giant with deep UK/Ireland presence, Oracle partnership, and AI/digital transformation practices. Competes for many of the same enterprise and government transformation engagements.
- NTT Data: Global IT services provider with strong UK/Ireland presence via acquired entities and deep Oracle/cloud capabilities. Comparable in scale of enterprise application and public sector transformation work.
Emerging players
- Slalom: US-origin consulting firm with growing UK and global presence, focused on AI, cloud, and enterprise transformation outcomes. Comparable in AI-first positioning and outcome-based delivery model, though smaller and less Oracle-centric.
- Credera: Global consulting firm (part of Omnicom) focused on AI, data, cloud, and enterprise transformation. Comparable in boutique-scale AI-first consulting and outcome-driven delivery model, though with less Oracle specialization.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Version 1 social profiles
Digital presenceVersion 1 compliance and trust
Trust signalCompliance2 records
Version 1 financial estimates
Financial estimateRevenue estimate
Valuation estimate
Version 1 leadership team
Management profileNumber of profiles
Profiles13 records
Version 1 subsidiaries and ownership
Company hierarchySubsidiaries5 records
Version 1 funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Version 1 M&A and investment
M&A and investmentM&A13 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Version 1
What does Version 1 do?
Version 1 is an AI-first digital transformation consultancy that sells enterprise technology services including AI strategy and implementation, intelligent/agentic application development, cloud migration and modernization, managed services (ASPIRE), unified data and AI platforms, and Oracle/SAP/JD Edwards enterprise application implementation. It serves large organizations across financial services, public sector, energy and utilities, transport, pharmaceuticals/healthcare/life sciences, and manufacturing with both project-based consulting engagements and recurring managed services contracts.
Is Version 1 a public or private company?
Version 1 is a private company. It is classified as private equity controlled and is currently operating.
When was Version 1 founded?
Version 1 was founded in 1996. It employs 1,001 to 5,000 people.
Where is Version 1 based?
Version 1 is headquartered in London, United Kingdom, in the Europe region.
How does Version 1 make money?
Four revenue lines are on record. Professional Services - AI Strategy and Implementation is the primary driver. The others are managed Services - ASPIRE, enterprise Applications Services and cloud Transformation Services.
Who are Version 1's main competitors?
Kainos is listed as a direct peer. Broad incumbents are Accenture, Capgemini, Deloitte, Sopra Steria, Cognizant, TCS (Tata Consultancy Services) and NTT Data. Emerging players are Slalom and Credera.
Does Version 1 have an API?
No public API is recorded for Version 1.
What industry is Version 1 in?
Version 1's product category is IT Consulting and Digital Transformation Services. Its primary akta.pro industry code is BPAEAHAF, AI/ML Engineering & Model Development Services, with a secondary code of BPAEAFAG, Enterprise Application Modernization (Monolith-to-Modules, Domain Modernization). Its NAICS code is 541511 and its SIC code is 7370.