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Version 1 buys London firm in series of UK acquisitions

Cedar Consulting's Simon Wragg and Version 1 CEO Tom O'Connor
Cedar Consulting's Simon Wragg and Version 1 CEO Tom O'Connor

Irish IT service firm Version 1 has bought London based Cedar Consulting for an undisclosed sum.

The deal is its sixth UK acquisition in the past five years and will add 80 employees to the company's workforce. This brings its UK workforce to over 400.

The company said that Cedar Consulting will become part of Version 1's rapidly-growing ERP practice adding expertise in a number of specialist areas. 

Version 1 said it has a pipeline of UK acquisitions planned for 2018 and beyond as part of its strategy to drive growth and expand in the UK despite Brexit.

"At Version 1, we see Brexit as a unique challenge which must be overcome in order to grow our business and continue to expand in the UK market," commented Version 1's chief executive Tom O'Connor. 

"The current business marketplace is challenging. When Brexit is factored into the mix, the landscape becomes uncertain and complex.

"However, it can be overcome and it will not stop us delivering for our UK customers," Mr O'Connor added.