Astorg and Bridgepoint have completed their acquisition of Fenergo, a provider of Know Your Customer (KYC) and Client Lifecycle Management (CLM) software solutions for financial institutions, following approval by the European Commission.
Entering its third chapter of growth, Fenergo reinforces its commitment to developing innovative, digital solutions that equip financial institutions with the tools to navigate the highly complex regulatory environment and fight financial crime, transforming client operations, accelerating growth and enhancing client and employee experience.
Fenergo recently strengthened its C-suite to work alongside Marc Murphy, who will continue to strategically steer the business towards organic and inorganic growth. Fenergo will drive deeper market penetration and geographic footprint through the continued innovation of its SaaS and on-premise platforms and product line development.
Marc Murphy, Founder and CEO, Fenergo says: “We are excited to embark on the next chapter of our story with Astorg and Bridgepoint following the conclusion of our acquisition. Both firms have a proven track record in investing in and scaling high-growth firms like Fenergo. The acquisition validates the unique value Fenergo delivers to financial institutions in today’s rapidly evolving business environment, and we look forward to continuing our growth trajectory with the support of our new investors.”