Version 1 Signs Deal to Acquire Singlepoint
Version 1 today agreed to acquire Digital Consulting Firm Singlepoint
The deal is subject to clearance by the Competition and Consumer Commission and is Version 1’s 11th acquisition to date.
Digital consulting firm Singlepoint has a strong market position in Ireland and longstanding customer relationships with blue-chip customers in the Financial, Insurance and Telco sectors.
Through its award-winning Digital Acceleration Platform, DAPx, Singlepoint helps customers rapidly deliver digital transformation projects. The acquisition will bring additional scale and capability to Version 1’s Digital and Cloud Solutions business.
Headquartered in Dublin, Singlepoint has 120 employees with expertise in Digital & Cloud Solutions, AI, Analytics and Technology Delivery who will integrate with Version 1’s Digital & Cloud practice. Combined the businesses will have over 1400 employees, 500 customers, projected FY20 revenues of €140M and operations across Ireland, the UK and India.
Version 1 CEO Tom O’Connor said:
This deal brings a passionate and highly skilled team and an award-winning digital platform which will establish us at the forefront of accelerated digital transformation. This is a very exciting time for Version 1, Singlepoint, our collective teams, customers and partners. Together we will provide market leading Digital & Cloud services from our deep talent pool, through our enhanced IP and diversified customer base in Ireland and the UK.”
Commenting on the announcement Rob Curley CEO of Singlepoint said:
We’re delighted to sign this deal which reflects very positively on the quality and commitment of the Singlepoint business and team. We believe the acquisition is good news for our customers allowing us to leverage the breadth of Version 1 services to solve a wider variety of IT challenges and changes. Version 1 and Singlepoint represents a great fit in terms of commitment to company values, innovation and customer success and we are excited about the prospect of accelerating our growth ambitions as a combined entity.”
The Singlepoint founders and executive management team CEO Rob Curley, CTO Brian Seery, COO Johann Cardiff and Client Services Director William Waldron will join the Version 1 team, focusing on bringing technology leadership to grow its Digital and Cloud Practice and to oversee the successful integration of the two companies.
Completion of the deal is subject to the approval of the Competition & Consumer Protection Commission.
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