Fenergo Secures €4m in Equity Investment Led by Investec Ventures to Accelerate Market Leadership

Fenergo Secures €4m in EquityFenergo Secures €4m in Equity Investment Led by Investec Ventures to Accelerate Market Leadership PR Newswire DUBLIN, October 8, 2013 Fenergo, a company chaired by Paul Kerley, former founder and CEO of Norkom Technologies, has received the backing of Investec Ventures in its first external funding round to accelerate the company's international growth Fenergo, an innovative Irish software company that specialises in enabling financial institutions to meet regulatory compliance and data requirements in onboarding new clients, today announced it has secured €4 million of new equity funding, which will help support the company's continued international growth and development. The €4 million investment is being made by The Ulster Bank Diageo Venture Fund, managed by Investec Ventures, with co-investment from existing shareholders. The Dublin-based company, which develops client onboarding, enterprise compliance and data management software solutions for investment banks, plans to use the funds to further expand its global footprint across North America, Europe and Asia Pacific, and accelerate the development of its enterprise platform. This announcement builds on the company's successes over the last year which has seen it sign four global marquee clients, including two leading North American financial institutions, kick- starting its ambitious internationalisation plans.