Version 1 announces 5th UK Acquisition
We are delighted to today (Tuesday, 4th October 2016) announce the acquisition of JD Edwards specialist Beoley Mill Software Ltd for an undisclosed sum. The acquisition of Beoley Mill Software Ltd, which is based in Studley, Warwickshire, is the fifth UK acquisition undertaken by Version 1.
Version 1 entered the UK market in 2013. The acquisition of Beoley Mill Software is the fifth in a programme of UK acquisitions the most recent of which saw it acquire the ERP business of London-based Database Service Provider Global Limited trading as DSP. Version 1’s total employee numbers following the acquisition now stand at 900 (300 UK employees) with expected FY2017 revenues of £87M (€100M).
Beoley Mill Software Ltd was established in 1994 by Managing Director Helen Rimmer and CEO Stuart Rimmer. With revenues of £ 7.5M (€8.7M) in FY15 and employing 100 people, award-winning Beoley Mill Software Ltd provides mission-critical services for all aspects of JD Edwards World and EnterpriseOne systems to mid-market and enterprise customers across the Manufacturing, Distribution, Logistics, Leisure, Retail and Services sectors.
Commenting on the announcement, CEO of Version 1, Justin Keatinge said “Version 1 and Beoley Mill Software Ltd represents a great fit with high synergies in terms of commitment to corporate values, staff engagement and customer satisfaction. The deal strengthens our existing Oracle partnership and expertise in ERP technology and delivers market leading capability in JD Edwards. It establishes us as the go-to ERP service provider for organisations in the UK and Irish markets.
Founder and MD of Beoley Mill Software Ltd, Helen Rimmer said: “Version 1’s acquisition of Beoley Mill Software Ltd is an exciting development for us and will enable us to provide a wider range of solutions and services to our existing customers helping them maximise their investment in JD Edwards technology. As a combined entity we have the ability to compete and win business in the UK, Irish and European JD Edwards markets."
Beoley Mill Software Ltd will continue to trade as Beoley Mill Software Ltd. Company co-founder Stuart Rimmer will step down from his role as CEO and will leave the business to pursue other interests. Beoley Mill Software Ltd co-founder and Managing Director Helen Rimmer has been appointed to the Version 1 Management team and will continue to look after customer relationships and business development of the JDE Practice in addition to helping oversee the successful integration of the two companies.