Clearwater advises Farsight Consulting on its sale to Version 1

Transaction

Farsight Consulting on its sale to Version 1

Sell-side

Undisclosed

Role

Adviser to Farsight Consulting on its sale to Version 1

Sector

Tech & Tech Services

Region

United Kingdom

Clearwater has advised Farsight Consulting (Farsight) on its sale to Version 1.

Farsight, a fast-growing digital transformation consultancy, has 133 employees and a strong track record in the UK public sector, including designing and building digital services in the criminal justice, education and skills sectors.

Version 1 already partners with Farsight on several large-scale government projects, and this move will provide a compelling and powerful value proposition to all customers and prospects in this space. Adding the extensive design expertise of Farsight to Version 1’s existing capabilities provides a powerful combination of skills and knowledge from both companies in a single place, making the customer offer one of the strongest on the market.

Farsight will specifically bring additional skills to Version 1 through analysis and research, creative problem-solving and user-centred design, with the ability to design, create and transform digital services in some of the most complex areas.

Charlotte and I worked with Clearwater for several years as we explored options for our company. The Clearwater team balanced professionalism with a personal touch, adapting to market shifts and exploring different options without ever being pushy. Clearwater's advice was well thought through and our joint strategy clear, simplifying complex decisions. Despite the pressures of the process, the team was fun to work with and available whenever needed - going above and beyond to support us. Clearwater's hard work and expertise led to a successful outcome for our company and ensured that Charlotte and I felt personally supported throughout. We recommend Clearwater for their dedicated, honest, open approach and genuine commitment to their clients' best interests.
Pete Masters, Founder and Chairman, Farsight

We warmly welcome everyone from the Farsight team to Version 1 and are eager to see the positive impact that this acquisition will have for our customers and potential customers in the public sector space. There’s no doubt that this is a perfect match of talent, experience, and expertise which we have already harnessed across several projects that we already collaborate on. Farsight operates a closely matched model to ours, so we will be able to quickly realise the synergies and pass on the benefits straight away to our customers. We look forward with anticipation to making this happen.
Tom O’Connor, CEO, Version 1

Farsight has built a phenomenal reputation as a high-quality consultancy delivering complex digital transformation projects to its public sector clients. We worked with Pete and Charlotte to find a partner that was not only a great home for the Farsight team and customers, but one that would be able to support them as they continue to build a leading position in this space. The value of combining Farsight and Version 1 has already been proven through their existing partnership, and we look forward to seeing this flourish in the future.
Jon Grant, Director, Clearwater