Tech

Fenergo eyes profitability as revenues rise

Company has developed software for financial institutions that helps them with issues such as regulatory compliance and managing client data

Marc Murphy, chief executive, Fenergo. ‘Annual contract value bookings, which is the most significant metric for us, are up 40 per cent, which is fantastic.’ Picture: Bryan Meade

Fenergo is expecting “significant profits” this year as losses narrowed in its most recent set of accounts.

The news comes as chief executive Marc Murphy said the company is now “in a category of one” with no direct competitor in the space in which it operates.

Founded in 2008, Fenergo has developed software for financial institutions that helps them with issues such as regulatory compliance and managing client data. In recent years it has also ...