May 7, 2021

Knews

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Dublin-based building-tech company IFS is raising € 2m

The investment of millions of euros will help Integrated Facilities Solutions ’plans to expand into new markets in Europe and the US.

Integrated Facilities Solutions (IFS), which provides digital applications for building construction and management teams, has raised € 2m in funding.

The Dublin -based company received funding through the Davy EIIS Fund, an employment and investment incentive scheme managed by BDO on behalf of investors.

IFS will use the funds to support its growth and expansion in targeted markets in Europe and the US.

The expansion will also create 100 new jobs across Ireland, Europe and the US in 2024. The company currently employs 16 staff in the Blanchardstown office.

IFS develops cloud-based applications to accelerate the entire building and asset life cycle. Its services are implemented at sites such as Aviva Stadium, Croke Park and Dundrum Town Center.

The company was founded 22 years ago by George Harold and Kieran Beggan, who both graduated from the Dublin Institute of Technology and saw a gap in the market with construction reaching out to building owners.

Harold said this is true particularly in relation to how information is traditionally provided in hard-copy format to clients at the end of development.

The new funding represents an important milestone for the business, according to Beggan.

“Our platform of technology and expertise supports the delivery of digital projects up to operations and [facility management], and we are currently expanding our footprint in fast -growing sectors that have seen accelerated growth despite the challenges presented by the pandemic, ”he said.

“This funding will enhance our executive team and expertise as well as our ability to drive customer success and acquisition in European and US markets.”

Sinead Heaney, a partner at BDO Ireland, added that the investment will allow IFS to accelerate growth in new and existing markets.

“The team’s leading digital approach to life cycle management development is delivering significant growth to blue-chip customers in Ireland, the UK, Europe and the US,” he said.

“We are pleased to be on board to help the business achieve its ambitious plans for years to come.”