Latest news with #Version1
The Hindu
5 days ago
- Business
- The Hindu
‘After Trump's tariff drama, global clients are slowly opening up their purses now', says Irish tech firm, Version 1
After the U.S 'tariff drama', most global clients started talking to tech vendors and slowly opening up their purses now, observed Ganesh Kalyanaraman, Managing Director, India and North America, Version 1, an Irish firm that focuses on application modernisation, digital transformation, and AI. 'The global tech meltdown is real and there is clear uncertainty in the global market. However, post-tariff drama, we see clients talking to tech vendors and showing a willingness to open up their purses. It is a discretionary spend. That's good news,'' he told The Hindu. According to Mr. Kalyanaraman, global companies currently looking at a combination of things to cut costs. They want to consolidate all the current time and material and they are looking for a fixed-price engagement with productivity through AI. 'They are also looking at ways and means to reduce their CAPEX spend and they are automating all manual work that can be automated,'' he observed. One out of three clients is looking for AI-led services, he added. On Version 1's India expansion plan, Ganesh said the company has plans to build India as a prominent geography. 'The plan is to make India a prominent delivery centre in the next three years. This will include setting up an innovation lab in India, partnering with academia, and expanding delivery capabilities. The company aims to quadruple its India headcount to over 2,000 employees, in the next three years,'' he added. Further commenting on market outlook, Mr, Kalyanaraman said, the AI as a service (AIaaS) market was expanding rapidly, with a projected market size anticipated to rise from about $ 20 billion in 2025 to $91 billion by 2030, featuring a CAGR of 35%.
Business Post
11-06-2025
- Business
- Business Post
Version 1 appoints Roop Singh as chief executive
Irish IT services company Version 1 has appointed Roop Singh as its chief executive officer, less than six months after he joined the organisation as ...
Business Post
15-05-2025
- Business
- Business Post
Oil drops 3% on expectations for US-Iran nuclear deal
Version 1, an Irish IT service management company, announced that it has been awarded... Metrolink will seek a private partner to install and run the Dublin metro railway... DUBLIN The Iseq All Share closed in the red, dropping 0.35 per cent (-39.13bps) to... The Beacon Hospital, the private medical facility in the Sandyford suburb of Dublin,... Oil prices slipped on Thursday on expectations for a U.S.-Iran nuclear deal that... Nvidia-backed AI company Coreweave has signed an additional agreement with OpenAI... We're overdue A Big Thing. Pretty much a century overdue. Back in the early 1920s,...
Business Post
15-05-2025
- Business
- Business Post
Coreweave signs new $4 billion deal with OpenAI
Version 1, an Irish IT service management company, announced that it has been awarded... Metrolink will seek a private partner to install and run the Dublin metro railway... DUBLIN The Iseq All Share closed in the red, dropping 0.35 per cent (-39.13bps) to... The Beacon Hospital, the private medical facility in the Sandyford suburb of Dublin,... Oil prices slipped on Thursday on expectations for a U.S.-Iran nuclear deal that... Nvidia-backed AI company Coreweave has signed an additional agreement with OpenAI... We're overdue A Big Thing. Pretty much a century overdue. Back in the early 1920s,...
Irish Post
15-05-2025
- Business
- Irish Post
Leading AI firm wins €102.7m contract to transform payroll services at Irish schools
AN Irish tech firm which is a leader in AI and digital transformation services has won a lucrative contract to overhaul payroll services at Ireland's Department of education. Dublin-headquartered Version 1 has secured the 15-year, €102.7 million to deliver a 'major transformation of the country's school employee payroll systems' it was confirmed this week. As part of the deal, Version 1 will design, develop, integrate, and manage Human Capital Management (HCM) and payroll software as a service (SaaS) systems for the department. The solutions they provide will serve approximately 155,000 teaching and non-teaching staff, as well as retirees across Ireland. Part of the project will be the introduction of new employee self-service capabilities - allowing school staff to access their payroll information online. Ger O'Sullivan, MD for Public Sector Ireland at Version 1, Martin Clohessy – Assistant Secretary General, and Dept of Education CIO Anne-Marie Sherkle pictured at the announcement (Pic:Julien Behal. 'I would like to congratulate Version 1 on the award of this contract,' Chief Information Officer for the Department of Education, Anne-Marie Sherkle said today. 'Leveraging Cloud will allow us to provide not just effective public facing services but will help streamline back-end processes and systems.' Martin Clohessy, Ireland's Assistant Secretary General, who has responsibility for major operations in the department of education, said the move will bring 'improved customer service benefits'. 'I very much welcome the improved customer service benefits that will be provided to school employees, retirees, and our school administrators,' he said. 'The department looks forward to working closely with Version 1 to ensure the successful delivery of this very important programme of work.' Version 1's head of public sector Ger O'Sullivan said they have been 'truly inspired by the vision and drive of the team at the department of education to meaningfully improve payroll related services'. 'Version 1 has industry leading customer satisfaction scores because we deliver on our customer commitments,' he added. 'We look forward to evolving this partnership even further to unlock this transformation.' Founded in Dublin in 1996, the business now has branches across Ireland, the UK, Europe and the US. See More: AI, Deprtment Of Education, Ireland, Payroll, Schools, Version 1
