Belfast Telegraph

IT firm creating 100 jobs in £6m expansion

By Clare Weir

A Dublin IT firm with a strong presence in Belfast is hoping to add 100 new jobs and further expand into the United Kingdom after a massive €8m (£6m) investment.

Version 1, which set up an office in Northern Ireland in May 2012, assists major clients in the pharmaceutical, government and utilities sectors with its IT expertise.

The company, which was founded just 15 years ago, employs 300 staff between its Dublin headquarters and another office in Cork, and around 20 other people in The Mount in east Belfast.

The firm helped the Assembly become the first of the United Kingdom's devolved governments to transfer some of its data to the 'cloud' computing system.

Up to 100 additional jobs are now to be created thanks to the investment from the BDO Development Capital Fund, with support from Department of Jobs through Enterprise Ireland

The €75m fund was launched by the Irish Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, in March 2014, to provide development and growth capital for established, mid-sized and profitable companies to assist them to achieve and accelerate their export-led growth plans.

The investment will enable Version 1's further expansion into the UK and the creation of up to 100 additional IT consultancy jobs in Ireland.

The company, which has grown through planned acquisitions, has doubled both profitability and revenue over the last few years.

Justin Keatinge, who founded the firm in 1996, said that the investment will help take the company to the next level.

"We are a results driven organisation, which prides itself on helping our partners strive for excellence in their areas of expertise," he said.

"We can also now tap into the expertise that comes with The BDO Development Capital Fund, and the support of advisory panel members and corporate partners such as Bank of Ireland, Glen Dimplex, CRH and Glanbia."

Belfast Telegraph