Dublin IT firm TEKenable raises €1.6m

Growing Dublin tech firm TEKenable is focused on the growing opportunity for Low Code cloud platform solutions.

Dublin-based TEKenable has secured €1.6m to support international growth following its acquisition of Greenfinch Technologies earlier this year.

The Dublin based company has secured the funding from the Goodbody EIIS Funds, a series of professionally managed EIIS (Employment Investment Incentive Scheme) Funds run by Baker Tilly and Goodbody Stockbrokers. 

“This funding will allow us to expand our reach significantly into the UK and other European markets”

The funding will be used to enhance the combined businesses’ delivery of ‘Low Code’ cloud platform solutions from their operations across Ireland, UK, Spain and the Middle East and to continue to grow their team of experts in the areas of new technology solutions, application delivery as well as to enter new markets.

High potential in Low Code

Founded in 2002 by Nick Connors and Peter Rose, TEKenable is an innovative technology company focused on delivering digital services through Low Code platforms to medium and large-scale enterprises in Ireland, the UK, Spain and the Middle East. 

“We have experienced tremendous success to date and this funding will allow us to expand our reach significantly into the UK and other European markets, while also allowing us to continue to invest in our people and product development,” said Connors.

The company is Irish-owned and is committed to transforming forward-thinking public and private sector businesses into fully digital businesses in the cloud. TEKenable is a Gold Microsoft Partner.

Mark Richardson and John Summers from Baker Tilly commented: “We are delighted to be investing in such a high quality and successful business. This is exactly the type of business we like to see in our Funds.  The company’s management team have a clear grasp of their market and we look forward to seeing them grow to the next level.”

TEKenable was advised by Paul Keenan of Capnua Corporate Finance and Wallace Corporate Council provided legal advisory services.

Pictured at top: TEKenable founders Nick Connors and Peter Rose with John Summers and Mark Richardson from Baker Tilly

By John Kennedy (john.kennedy3@boi.com)

Published: 15 December 2020