Version 1 is aiming to become a €1bn-a-year IT giant.

Fast-growing IT services player Version 1 has revealed plans to create 365 IT jobs over the next three years at its offices in Dublin’s city centre.

The jobs announcement comes on the heels of a major €90m investment from UK private equity firm Volpi Capital.

‘We take a huge amount of pride in our employees, and a constant focus of ours is on being a best workplace’

– TOM O’CONNOR

Version 1 is aiming to fill 100 positions in 2017, from graduate level to senior management. It is launching its 2018 Graduate Programme in May to hire 70 IT graduates, making it one of the largest employers of this particular group in Ireland.

Ambition to become a €1bn IT giant

Following the recent investment, co-founder Justin Keatinge will step down as CEO and will be replaced in the role by former COO Tom O’Connor. Keatinge and all of the original shareholders will remain on board.

“The announcement today of 365 new jobs is as a result of our growth over the past five years and our confidence in our ambitious growth plans over the next three years,” said O’Connor.

“We take a huge amount of pride in our employees, and a constant focus of ours is on being a best workplace, which has seen Version 1 being named in the Top 10 Best Large Workplaces for the past six years running. I am also delighted that 40 senior managers have recently become Version 1 shareholders.”

Version 1, which has made no secret of its ambition to become a €1bn-a-year company within a decade, also opened an Enterprise Cloud centre of excellence in Dublin in recent years.

In 2016, Version 1 snapped up its fifth acquisition in the UK, Beoley Mill Software, adding support structures for companies using Oracle’s JD Edwards World software.

The company is targeting revenues of €100m through further organic growth in the UK. It is also understood to be planning a potential acquisition this year.

Version 1’s business partners include Microsoft, Amazon and Oracle.

O’Connor describes the business as “the glue that holds the economy together, managing huge numbers of day-to-day interactions such as providing insurance quotes, handling EU payments to farmers and processing motor tax payments.

“We develop systems that allows these kinds of processes to happen quickly and accurately.”