Belfast-headquartered international technology firm Neueda has been acquired by leading technology and digital transformation provider Version 1 to create one of the largest technology businesses in Northern Ireland.
The purchase enables Version 1 to further accelerate its growth in Northern Ireland and expand its global customer base in Capital Markets.
Founded in Belfast in 2002, Neueda has long-standing relationships with customers across the public and private sectors. The company has particular niche sectoral expertise in Capital Markets, partnering with leading companies including J.P. Morgan, Citi, Liberty I.T., Credit Suisse, and Microsoft.
Following the acquisition, the Neueda executive management team, including Chief Executive Officer Paddy O’Hagan, will join the Version 1 team, focusing on bringing technology leadership to grow its Digital and Cloud Practice in Northern Ireland.
CEO of Neueda Paddy O’Hagan said:
“We’re delighted to sign this deal which reflects positively on the quality and commitment of the Neueda business and team. With Version 1 and Neueda combining our technical capability across our mutual customers in Northern Ireland, we can continue to deliver excellent customer experiences while tapping into the breadth of Version 1 resources and services to solve a wider variety of IT challenges and transformations.”
Version 1 said the acquisition adds additional scale and capabilities to its rapidly growing Digital and Cloud business, with Neueda bringing expertise in Digital Transformation, Trading Technology, Data Analytics, Cloud Services, KDB+, and Accelerated Delivery Platforms.
CEO of Version 1 Tom O’Connor said:
“Neueda’s compatibility with Version 1 in terms of shared company values, a 19+ year track record of excellence in delivery, combined with a deep commitment to its people as evidenced by its Great Place to Work status made this an excellent match for Version 1. We are excited about the prospect of accelerating our growth ambitions as a combined entity, delivering real differences for our clients and providing best-in-market career opportunities for the most talented technical minds.”
Combined, the businesses will have almost 2000 employees, more than 500 customers, and project revenue of €200 million in the next year. Its operations are spread across Ireland, the UK, Spain, and India.
Neueda Training and 5G operations in Athlone are unaffected by this transaction.
Neueda is an award-winning and trusted technology partner to leaders in the public sector, private sector, and Capital Markets. Headquartered in Belfast, Neueda provides a range of services, including enterprise integration, accelerated digital transformation, legacy system modernisation, and full-scale transformational projects.
About Version 1
Founded in Dublin, Ireland, Version 1 employs over 1600 people across the UK, Ireland, Spain, and India. The rapidly growing IT Services provider specialises in delivering Digital, Cloud, Data and ERP Transformation services to commercial enterprises and public sector organisations. With long-standing customer relationships in Ireland’s public sector, Version 1 has notably been gaining a strong foothold in the UK public sector with recent wins in Highways England, Her Majesty’s Courts and Tribunals Service (HMCTS), Ofgem, Home Office, Harrow Council, London Redbridge Council, Barts Health NHS Trust to name a few.
Careers in Northern Ireland
Due to significant growth, Version 1 and Neueda are delighted to launch a recruitment drive in Northern Ireland for all levels of technology-related positions. Read more about Northern Ireland’s most thriving tech employer.