Version 1 to acquire Automation Logic and Qubix
Version 1, a leading global IT services provider, has recently acquired Automation Logic and Qubix, two leading providers of cloud automation and DevOps solutions. The acquisition will enable Version 1 to expand its cloud solutions portfolio and strengthen its position as a leader in technology services.
The acquisition of Automation Logic and Qubix provides Version 1 with a suite of cloud automation solutions that will enable customers to accelerate their digital transformation journey. The company will offer customers enhanced IT automation capabilities, allowing them to reduce manual processes, automate complex tasks, and quickly deploy applications across multiple cloud environments.
Version 1, Automation Logic, and Qubix will have a combined workforce of over 3000 people and more than 650 clients. This makes Version 1 the biggest Irish-founded tech employer and follows a period of rapid expansion for the company, which saw its staff double from 1500 in 2020 to 3000 in 2023. The company reported a revenue of €255 million in 2022.
The acquisition of Automation Logic and Qubix also provides Version 1 with a deep pool of talent and expertise. Automation Logic and Qubix have a long history of successful cloud automation projects, and their teams have significant experience designing and implementing automation solutions. This expertise and experience will help Version 1 continue to provide customers with industry-leading solutions and best practices.
Version 1 is already a leader in IT services, offering a wide range of cloud solutions and DevOps services. With the acquisition of Automation Logic and Qubix, Version 1 will be able to provide customers with cloud automation solutions tailored to their specific needs. This will help them to reduce manual processes, automate complex tasks, and quickly deploy applications across multiple cloud environments.
The acquisition of Automation Logic and Qubix will also provide the company with an expanded customer base. Automation Logic and Qubix have a number of customers in the public and private sectors, including large enterprises, government departments, and educational institutions. These customers will benefit from the expertise and experience of Version 1’s team and the expanded range of cloud solutions that the acquisition provides.
The acquisition will also enable Version 1 to expand its presence in key markets. Automation Logic and Qubix have a strong presence in the UK, Europe, and North America, and Version 1 will be able to leverage these established networks to expand its global reach further.
Enda Diggins, Managing Director of Version 1’s UK Digital, Data, and Cloud practice, commented on the significant benefits Automation Logic will bring to Version 1’s customers:
“Version 1 and Automation Logic are combining to create one of the strongest cloud transformation capabilities in the UK. As award-winning partners to market-leading cloud providers, our customers will benefit from our increased depth and breadth of expertise in Amazon Web Services, Microsoft Azure, DevOps, and Platform Engineering. This acquisition deepens our Digital, Data, and Cloud expertise, providing more opportunities for our people to develop professionally, and to do what they love – work on interesting challenges with our customers.”
Norm Russell and Kris Saxton, Automation Logic Co-Founders, also commented on the positive news:
“We see Version 1 as an organization that shares the same values as Automation Logic and has maintained a culture very similar to our own. This alignment of our cultures and our combined expertise will catalyze our shared mission, greatly benefiting our clients as we jointly expand our Digital, Cloud, and DevOps solutions. This acquisition also presents a great opportunity for Automation Logic’s employees, dramatically increasing the number and variety of interesting challenges that our people love to solve.”
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 a 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 favorable for everyone, most notably the employees and customers of both Qubix and Version 1.”
Version 1 can now offer customers a more comprehensive suite of cloud automation solutions. It will also provide Version 1 with an expanded customer base, more profound expertise, and a significant presence in key markets. This acquisition is a considerable step for Version 1 and will further strengthen its position as an IT service leader.