Initiafy headcount set to double

Initiafy, an Irish company that has developed an online induction platform for workers in the construction sector, has rebranded as GoContractor.

The move comes as the company recently secured around €500,000 in investment as it looks to grow market share in the United States, where it currently earns half of its revenue.

The company, whose Irish clients include Sisk, Roadbridge and the ESB, claims it can cut on-boarding costs by as much as 50 per cent by getting workers to do induction ahead of time via smartphones, tablets or laptops.

“We make everyone’s lives easier by gathering all the required information for contract workers before they arrive on site, along with sorting all the necessary certification and ID, so that they can get straight to work,” said John Naughton, who recently took over as chief executive of the company.

In the US, where GoContractor is increasingly focused, it counts 11 of the top general contractors as clients.

Over the past 12 months GoContractor has doubled the number of construction projects it works on. Its platform is currently being used to induct workers at what is believed to be the largest site in the US, a multimillion-dollar LCD screen factory complex for Foxconn in Wisconsin.

Among those taking part in the recent fundraise were former Independent News & Media chairman Leslie Buckley; former Irish Life & Permanent chief financial officer Peter Fitzpatrick; and Barry Bowden, managing director of Rubicon Capital and also formerly of IL&P. Enterprise Ireland was also a participant.

Other backers of the company include former Saon group chair Maria Mahon, Cork-based Boole Investment Syndicate, Act Venture Capital and Delta Partners.

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