Version 1 has added to its rapidly expanding global customer base with the acquisition of Scotland- headquartered data and business intelligence experts Instinctive BI.
Founded in Edinburgh in 2016 and with a team of more than 60 consultants in Edinburgh, Glasgow, London and Canada, Instinctive BI has long-standing relationships with customers across the UK public and private sectors, generating multi-million-pound revenue through the delivery of solutions and resources that solve data change challenges.
The acquisition of BI, Version 1’s 14th to date, increases its headcount to 2,800 employees, 550 customers and projected revenues of over £218 million in 2023.
Enda Diggins, Head of UK Digital, Data and Cloud at Version 1, said: “As demand rises for world-class digital, data and cloud capabilities across our diverse customer base, we felt Instinctive BI was the perfect fit for Version 1’s next acquisition to meet this demand. We are excited about the level of specialist talent, knowledge and shared experience Instinctive BI brings to the table, particularly in leveraging the power of data to solve significant business challenges.”
In April, Partners Group acquired a majority stake in Version 1.