January 16, 2023 - News

Version 1 Acquires Finance Transformation Specialists Qubix

Version 1

Version 1 and Qubix Joining Forces to Drive Unparalleled Finance Transformation and Business Agility Within Combined Customer Bases

Version 1, a leading digital transformation partner, is to acquire finance transformation experts Qubix as part of its ambitious growth strategy for 2023 and beyond.

Combined, Version 1 and Qubix will have over 3000 employees and more than 650 customers.

Qubix and Version 1 team members pictured on a balcony overlooking London city

From left to right, Andrew Mason, Richard Pepper and Matt Yorke from Qubix, Kevin Ryan from Version 1, Neil Sellers from Qubix and Colm Gillard from Version 1 upon signing the acquisition deal in London.

This growth places Version 1 as the largest Irish-founded technology employer and comes after significant growth for the firm. Version 1 navigated headwinds to double its headcount from 1500 in 2020 to 3000 in 2023.

EPM, ERP and Finance transformation partner Qubix is a 170-person organisation founded in 1987 that operates out of headquarters in London with an additional presence in the USA, India, Australia, and Slovenia.

Colm Gillard, Managing Director of Version 1’s Oracle Practice, commented warmly on Qubix joining forces with Version 1:

“As an award-winning global Oracle partner of the highest level of accreditation, Qubix brings to Version 1 over 25 years of specialist experience and expertise from over a thousand successful financial engagements across hundreds of customers’ projects. With deep expertise evidenced at every stage of their customer journeys, Qubix will place Version 1 in an increasingly favourable position with both new and long-standing customers alike, enabling Version 1 to drive further business agility and transformation within our customers’ businesses. There are many positive synergies between Version 1 and Qubix, but it’s Qubix’s demonstrated dedication to excellence in addition to the empathy shown to its people and its customers that further reassured Version 1 that this would be a very positive partnership.”

An Oracle Partner since 1995

Version 1 and Qubix each possess 25+ year track records as Oracle partners, and Qubix has solely specialised in Oracle technology and focused relentlessly on customer success with Oracle ERP, EPM, Analytics and Database solutions. Multi-award winning Oracle partner Qubix boasts over 1000 highly successful customer engagements across Oracle Hyperion, Cloud EPM, ERP and Oracle Analytics Cloud projects, and its 170 talented people maintain the highest levels of Oracle accreditations.

Qubix CEO Julian Owens commented: 

“We set out to find a partner who would complement our existing business and geographies and provide a good home for our staff in terms of a caring environment and excellent career opportunities. We believe Version 1 is that good home. Qubix brings to Version 1 a strong track record in driving business agility and transformation and will strengthen the company’s existing Oracle ERP capability. This will also provide springboards for Version 1 for international expansion in the Americas and Asia Pacific. I believe this arrangement will be favourable for everyone, most notably the employees and customers of both Qubix and Version 1.”

Following the acquisition, the Qubix team will integrate with Version 1’s team and are eager to embark on the next phase of growth for Qubix as part of the Version 1 family. Qubix International and its Board of Directors are announcing that effective today, Paul Johnston, Group Director of Strategy and Growth, is leaving to explore new opportunities. Over the past 11 years, Paul has contributed significantly to not just the outstanding growth of Qubix but to the culture and ambition as a business.

Qubix’s Former Group Director of Strategy Paul Johnston, said: 

“It is exciting to see where Qubix is right now and the potential for everyone ahead. I’ve had the pleasure of working alongside a talented, committed and selfless group of people, and I’m confident that the choices and options ahead for everyone at Qubix look bright. This is the right time for me to look in a new direction, and I’m so grateful for what I’ve learned and experienced with this incredible group of people.”

The acquisition of Qubix brings Version 1’s total of acquired businesses to 16, and this number is expected to grow significantly throughout 2023.

This news follows leading global private markets firm Partners Group acquiring the majority stake in Version 1 in 2022 to become a key partner in Version 1’s next phase of growth.

Press Queries:

David Elliott, Lanyon Group

+44 28 9018 3242/+44 7779 698651

Shauna Murphy, Lanyon Group

+44 28 9018 3242/+44 79 55207490

About Version 1

Founded in Dublin, Ireland, Digital Transformation partner Version 1 employs over 3000 people across the UK, Ireland, Spain, and India. Accelerated by the increasing demand for technology and digital transformation services, Version 1 has increased its long-standing presence in the Irish market and gained a strong foothold in the UK public and commercial sectors, thus creating hundreds of opportunities for professionals across all disciplines and experience levels develop their careers with Version 1 from several locations globally.

About Qubix

Qubix is an expert in financial transformation and specialises in Oracle Technology. Qubix is a multi-award-winning global Oracle Partner, and its team maintain the highest levels of Oracle accreditations. Trusted worldwide, the finance transformation expert focuses on its customers’ success, which helps to provide highly successful engagements. With an energetic and highly inquisitive team, the customer-first core value that it shares with Version 1 is a crucial attribute which plays a significant role in achieving positive customer relationships.

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