Fenergo has today announced the creation of 200 new jobs due to rapid global expansion, bringing its total global employee base to 500.
The provider of Client Lifecycle Management software solutions for investment, corporate and private banks has seen rapid growth in employee numbers over the last few years. In January 2013, Fenergo employed 36 people. This will increase to 500 with the new job creation.
The company has also opened six new offices across the world including New York, Boston, Sydney, Singapore, Japan and Abu Dhabi and relocated its Dublin, London and Boston headquarters to cater for its growing number of personnel. Most recently, the company took up residence in a 21,000 sq feet building in Dublin’s Point Village.
With ambitions to IPO the company by 2020, Fenergo is well on its way to achieve this given its considerable growth over the last five years, averaging over 100% year-on-year. During this time, Fenergo has signed significant new named deals with world-leading financial institutions, including HSBC, UBS, BNY Mellon, Scotiabank, Bank of Montreal, BBVA, Westpac, RBS, RBC, SunTrust and Nikko Americas.
The new positions, supported by the Department of Jobs through Enterprise Ireland, are across many areas of the business - Product Management, Software Engineering, Implementation, Consulting and Marketing. Recruitment will begin immediately with all positions to be filled over the next 12 to 18 months.
Speaking today, Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor said, "I am delighted to join the Fenergo team today in its new global headquarters in Dublin to celebrate the announcement of 200 new high tech and professional jobs. Over the last five years, Fenergo has become an indigenous Irish success story, achieving phenomenal global sales success and putting Irish Fintech and RegTech firmly on the global map."
Source: www.businessworld.ie
