SPOTLIGHT ON: IFS
IFS secures €2million in expansion funding
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nvestment to support company’s expansion plans into targeted markets in Europe and US, with the creation of up to 100 new jobs by 2024.
Irish digital buildings information management company, Integrated Facilities Solutions (IFS), has raised €2m in equity through The Davy EIIS Fund, an employment and investment incentive scheme which is managed on behalf of investors by BES Management DAC, a joint venture between BDO and Davy.
Plans The multi-million Euro investment will support IFS’ growth and expansion plans into targeted markets in Europe and the US, which will see the company double revenue and headcount this year and next, with the creation of 100 new jobs by 2024. IFS is a client company of state agency Enterprise Ireland and recently secured funding from a Bank of Ireland SBCI scheme and Enterprise Ireland, which has acted as a catalyst for the company’s continued growth in the years leading up to this latest round of investment from The Davy EIIS Fund. IFS, which builds and provides access to validated and secure Digital Building Information for design, construction and facilities management teams, was founded twenty-two years ago by George Harold and Kieran Beggan who were both graduates of Dublin Institute of Technology, Bolton Street. The company works with blue-chip firms in the public and private sectors to provide a more streamlined approach to buildings and property management. Its software and value-added services provide a secure environment for managing building information from planning and design stage, construction and handover to operations and maintenance for the building owner and operator. 6 2 | Construction Management | Summer 2021
Top: Sinead Heaney (BDO); James Doody (IBI); Kieran Beggan and George Harold (IFS)
Productivity gains IFS’ cloud-based applications and services, which support the adoption of an enterprise-wide building information management process and enable supply chain effectiveness, resulting in vast productivity gains and savings throughout the Asset Lifecycle, have been specified and implemented across Ireland, the UK and Europe on landmark sites such as Aviva Stadium, Croke Park, Dundrum Town Centre and Irish Rail. The company counts Bank of Ireland, Children’s Hospital Ireland, University College Dublin, University of Strathclyde, Dublin Zoo, Fingal County Council and multi-national technology companies among its clients.
