Patech Solutions acquired by Irish IT services company
Birmingham-based company looking to grow within new group, with founder Tony Bird joining Version 1’s senior management team
Birmingham-based IT consultancy Patech Solutions has been acquired by Irish IT consulting and managed services company Version 1.
Version 1 will use Patech’s services to deliver a complete line of technology-enabled solutions and services across a wide range of products to its customers, helping the company to achieve its targeted €70m in revenues this year and expanding its UK operations.
Formed in 1997 by founder and CEO Tony Bird, who will join the senior management team of Version 1, Patech Solutions has been a preferred Oracle E-Business Suite implementation and Managed Support services provider for over 10 years.
Its areas of expertise include Big Data, cloud based services, document management and Business Intelligence.
Version 1 hopes the acquisition will enable Patech to rapidly build its business, extending its range of services within the IT services market.
With over 30 years’ experience in developing successful businesses Bird formed the company after identifying a niche for cost effective Oracle consulting services.
Bird welcomed the news, describing it as “an exciting development” which “will enable us to provide a wider range of solutions and services to our existing clients”.
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“It will also help us to scale our business rapidly and to capture even more opportunities both within the Oracle E-Business space and also the broader IT Services market.”
Version 1 is the leading Oracle partner in the UK and Ireland with a 150 strong workforce in the UK in offices in Edinburgh, Manchester, Kent and London. The move comes as Birmingham enjoys a continuing boom in foreign investment.
CEO of Version 1, Justin Keatinge said: “We are delighted to welcome Patech Solutions Ltd to the Version 1 team. Patech were a close fit with our acquisition criteria and strengthens our public sector profile and our Oracle practice across the UK & Ireland.
“With 65 staff, Patech has an enviable pool of e-business talent on which Version 1 can build, placing us as the leading Oracle partner in the UK and Ireland. Similar to Version 1, Patech has a successful Public Sector record, a sector we are keen to grow in, so it is an exciting opportunity for both companies.”