Version 1 Acquires Cedar Consulting
Version 1 Expands Oracle ERP Capabilities with Acquisition of Cedar Consulting Ltd
Version 1 today ( Monday 4th June 2018) announces the acquisition of HR Transformation specialist Cedar Consulting Ltd. The acquisition of London headquartered Cedar Consulting is the sixth UK acquisition undertaken by Version 1.
This organisation will become part of Version 1’s rapidly growing ERP practice adding expertise in Oracle HCM solutions including HCM Cloud, ERP Cloud and PeopleSoft.
Cedar Consulting was established almost 20 years ago and employs 80 people between its headquarters in London and delivery centre in Pune, India. Award-winning Cedar Consulting provides expert HR transformation services to customers across Financial Services, Legal Services, Professional Services, Life Sciences, Healthcare and Retail sectors.
Dublin headquartered Version 1 entered the UK market in 2013. The acquisition of Cedar Consulting is the sixth in a programme of UK acquisitions the most recent of which saw it acquire JD Edwards specialist Beoley Mill Software. Version 1’s total employee numbers following the acquisition now stand at 1100 (400 UK employees) and projected revenue is in region of €120M (£105M) for 2018 year-end.
Commenting on the announcement, CEO of Version 1, Tom O’Connor said “This acquisition brings a team with market leading HR transformation expertise and extends the capabilities of our ERP practice to help customers accelerate the digital transformation of their core business processes. Together we can provide excellent services and solutions across the full spectrum of Oracle ERP solutions with the added benefit of a Global Delivery Model. Version 1 is leading the way in Oracle Cloud and we are excited about the opportunity to help customers modernise and deliver excellent employee experience through HCM solutions.”
Cedar Consulting Director, Simon Wragg said “The team at Cedar is excited to be joining Version 1, a company which shares the same values as we do, including putting our customers first and delivering excellence. We see the acquisition as being hugely positive, allowing the investment in both our PeopleSoft and Cloud capabilities.”
Cedar Consulting Director, Graham Varley said “As one of the first Systems Integrators to implement Oracle’s HCM Cloud application, and having completed a number of subsequent projects, we see a huge benefit in pooling our HCM Cloud capabilities whilst also providing clients with expertise across Oracle’s HCM, Payroll Talent Acquisition and ERP Cloud.”
Cedar Consulting will continue to trade as Cedar Consulting Ltd. Cedar founders Simon Wragg and Graham Varley have been appointed to the Version 1 Management Team. They will continue to manage customer relationships, business development and service delivery excellence in addition to helping oversee the successful integration of the two companies.
Version 1 has moved its London HQ to 6 Brownlow Mews, London, WC1N 2LD as part of the acquisition.
Version 1 CEO, Tom O’Connor and Cedar Consulting Director, Simon Wragg