Marc Murphy, founder and chief executive of financial technology company Fenergo, has been chosen as The Irish Times Business Person of the Month for April, an award run in association with Bank of Ireland. Market valuationThe company sold a majority share of the business in a $600 million deal, with private equity firms Astorg and Bridgepoint acquiring stakes previously owned by Insight and DXC. As Mr Murphy said earlier this week after the acquisition was officially confirmed, there is now scope for Fenergo to become a considerably bigger business. “We now have a platform to really scale and become a truly global enterprise business. Mr Murphy and his backers believe Fenergo could grow to become a $5 billion business and there are few who would bet against this happening.

Source: The Irish Times May 21, 2021 16:07 UTC