"Ergo, which Mr Purdy co-founded in 1993 with Tim Sheehy, initially sold ink and other supplies. The business evolved into a major IT services player, providing a range of services including cloud and infrastructure, security and license management for a range of large-scale private- and public-sector clients. A financial services-focused division of the business was spun out as a stand alone, called Fenergo, in 2012, it was subsequently valued at €930m in a 2021 deal."
"Ergo, which started in Mr Purdy's spare room, now has more than 500 staff and offices in Belfast, the state of Minnesota in the United States, Romania and New Zealand as well as in Dublin. The Purdys were majority owners of the business prior to this week's sale. Born into a working-class family in Dublin's Finglas, his father was a shipwright with Guinness who died when John Purdy was still in his teens."
""She basically told me that it's okay to fail, that you just pick yourself up, dust yourself off, and try again. That was important, I'd say, because failing is how you learn; it's a part of a path to eventual success," he said. "I've often thought it's an awful pity our banks don't have a similar approach to life.""
John Purdy, aged 63, died after US investor Presidio acquired his company Ergo for an estimated €100m. He co-founded Ergo in 1993 with Tim Sheehy, growing it from a spare-room ink supplier into an IT services firm offering cloud, infrastructure, security and license management to large private- and public-sector clients. A financial-services division, Fenergo, was spun out in 2012 and valued at €930m in 2021. Ergo has more than 500 staff across offices in Dublin, Belfast, Minnesota, Romania and New Zealand. Purdy won EY Industry Entrepreneur of the Year in 2014 and supported numerous start-ups.
Read at Irish Independent
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