Ergo to create 33 Dublin jobs

Irish technology services firm Ergo will create 33 jobs at its Dublin HQ over the next three years.

Irish technology services firm Ergo will create 33 jobs at its Dublin HQ over the next three years.

The announcement was made at the official opening of its new premises where Microsoft also confirmed that Ergo has won its Partner of the Year award.

The new jobs will be in Ergo subsidiary Fenergo which has build a software platform that enables banks to manage their loan books.

Fenergo sells to banks in the UK, central Europe and Asia but Ergo chief executive John Purdy said the roles would be based at its Dublin office.

The banking software business grew out of Ergo?s core IT services business focused on the Irish market but the financial meltdown of 2008 forced a reassesment and Finergo was spun out as a seperate business.

?At one point we had four of the top sub-prime lenders on our platform - we couldn?t built it fast enough,? says Mr Purdy. ?But in July 2008 the bottom fell out of our world and ?5 million of pipeline disappeared.?

Ergo entered into an intense period of consultation with customers and concluded that the b basic lending platform should be expanded to provide a full management platform that would cover all stages of the lending cycle.