Limerick-based Redfaire lands €13 million from BGF to scale its ERP and cloud services business
Redfaire, a Limerick-based enterprise resource planning (ERP) and cloud services provider, has secured a €13 million minority investment from Ireland-based growth capital firm BGF. The funding will back the company’s international expansion, ongoing service development and a targeted acquisition strategy. The round comes shortly after Redfaire’s acquisition of eKal Solutions, which adds…
Limerick-based enterprise resource planning (ERP) and cloud services provider Redfaire has secured a €13 million minority investment from Ireland-based growth capital firm BGF. The funding will support the company's international expansion, ongoing service development, and targeted acquisition strategy. This comes after Redfaire recently acquired eKal Solutions, which adds capabilities in human capital management, enterprise performance management, financials, and supply chain management.
Redfaire's CEO, Brian McInerney, expressed gratitude for BGF's endorsement and backing, stating that it will accelerate international expansion and broaden the company's reach and expertise. BGF, a certified B Corp, is Ireland's most active equity investor in entrepreneurship, with a €250 million fund dedicated to supporting SMEs in Ireland and the UK.
Redfaire, a team of over 200 people, partners with global enterprises to help them modernize their ERP estates and adopt cloud and hybrid solutions, specializing in Oracle's JD Edwards ERP software and Oracle Cloud Infrastructure. BGF's investor, MJ Murphy, highlighted Redfaire's differentiated ERP and cloud practice, praising the team's deep technical expertise and long-term client relationships.
The investment also brings leadership changes, with Glenn Timms joining as Non-Executive Chair to support Redfaire's growth.
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