Ireland based Fenergo, which specializes in providing Client Lifecycle Management software, will use the new capital to grow its global footprint and create a new partner ecosystem.
“We are thrilled to have a firm like Insight Venture Partners join our team,” said Marc Murphy, CEO of Fenergo. “Having undergone significant growth over the last few years, Fenergo has proven that it can deliver the solutions that financial institutions need and want to solve challenges around regulatory onboarding and client lifecycle management. “Based on this demand, the market is encouraging us to find a strategic partner that will enable us to become the industry standard for Client Lifecycle Management solutions. “We believe we have found that partner in Insight Venture Partners and we look forward to working closely with them as we scale our business into the global industry standard,” Murphy said.