WeDO Member Martin Mutch, co-founder of Rocela Group sells to Version 1 after 12 years
Congratulations to our member Martin Mutch, Chief Executive Officer of award-winning IT consultancy business?Rocela? Group?who, along with co-founder Kenneth Wilson have sold the company to Irish IT services company Version 1. ?This is Version 1’s second acquisition as part of a three year expansion plan.
Rocela Group was established in 2001 by Martin and Kenneth. With revenues of ?14M (?17M) FY12 and employing 75 people in Edinburgh and Knutsford (outside Manchester), Rocela provides enterprise application consultancy services to top global banks, many FTSE100 companies and pan-European utility organisations, as well as public sector and local government establishments in the UK.
Version 1 is one of the fastest growing IT services companies in Western Europe and this latest deal is a significant step in realising the company?s ambitious growth plans. Version 1?s total employee numbers now stand at 500 (100 UK employees) with forecasted FY2014 revenues of (?52M) ?62M.
Commenting on the announcement, Chief Executive Officer of Version 1, Justin Keatinge said ?Version 1 and Rocela Group represents a great fit with high synergies in terms of growth and ambition, commitment to corporate values, staff engagement and customer satisfaction. We expect this deal to benefit all our customers bringing consolidated expertise in Oracle & Microsoft Enterprise Application Consultancy and Licence Management and establishing us as the go-to IT service provider for Enterprise-scale organisations in Western Europe.?
Keatinge will head the combined entity, with Martin stepping down from his position but remaining on in a consultancy capacity to help oversee the integration of the two companies. Rocela Group Commercial Director Kenneth Wilson has been appointed to the Version 1 Management Team. Rocela Group will continue to trade as Rocela Limited.
About Rocela Group
Rocela is the UK?s fastest growing enterprise application consultancy specialising in helping clients with complex software environments get the best value out of their enterprise application investment. Headquartered in Edinburgh, Scotland, and with offices in Knutsford (outside Manchester), Rocela employs 75 staff.
Rocela has worked with 5 of the top 10 global banks, many FTSE100 companies, oil & gas, retail, manufacturing and pan-European utility organisations, as well as UK Police and Local Government Authorities.
Through growth, sales success and the dedication of Rocela staff the company has been recognised with a number of industry awards and accreditations such as;
? Sunday Times Best Companies award 2013
? Position 19 in UK?s Best Small Workplaces 2012 as part of The Great Places to Work ? Institute
? Position 6 in Scotland?s Best Small Workplaces 2012 as part of The Great Places to Work ? Institute
? Oracle Gold Partner
? Sunday Times Microsoft Tech Track 2011 listing
? Deloitte Technology FAST 50 & FAST 500 EMEA 2007 ? 2009 listings
? Specialist Cloud Services supplier within the G-Cloud framework
? Martin Mutch as winner of The Ernst & Young Entrepreneur of the Year for 2007
We wish Martin all the very best with his future plans, never one to stand still for long, we look forward to seeing what he has in the pipeline next.