Tech firm Fenergo’s to float after $75m injection

A $75 million investment from billion-dollar New York venture capital firm Insight is the first step on the path to a stock market flotation for Dublin tech firm Fenergo, chief executive Marc Murphy has told The Sunday Business Post.

Fenergo provides compliance and legal services for the banking industry, and the investment from Insight gives the venture capital firm a 65 per cent stake in the business and values Fenergo at €110 million.