JD Edwards specialist Beoley Mill Software Ltd was recently acquired for an undisclosed sum by Version 1. The acquisition of Beoley Mill Software Ltd, which is based in Studley, Warwickshire, is the fifth UK acquisition undertaken by Version 1.
Version 1 entered the UK market in 2013. The acquisition of Beoley Mill Software is the fifth in a programme of UK acquisitions the most recent of which saw it acquire the ERP business of London-based Database Service Provider Global Limited trading as DSP. Version 1’s total employee numbers following the acquisition now stand at 900 (300 UK employees) with expected FY2017 revenues of £87M (€100M).
Beoley Mill Software Ltd will continue to trade as Beoley Mill Software Ltd. Company co-founder Stuart Rimmer will step down from his role as CEO and will leave the business to pursue other interests. Beoley Mill Software Ltd co-founder and Managing Director Helen Rimmer has been appointed to the Version 1 Management team and will continue to look after customer relationships and business development of the JDE Practice in addition to helping oversee the successful integration of the two companies.