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United Kingdom
Developer of financial software for construction, contracting and professional services organizations. The company offers a software suite to deal with the areas of cost and project control for organizations covering project cost, electronic time and fee capture, expense capture and billing, project forecasting and monitoring and integrated project inquiries.
Last updated
In 2021, RedSky IT's revenue reached $6.7M. Since its launch in 1976, RedSky IT has shown consistent revenue growth.
RedSky IT reached a $20.2M valuation in 2025, set during its M&A Offer round.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2025 | M&A Offer | - | $20.2M | - |
CEO
Phil has many years of experience of working within the Construction/Contracting Industry. He graduated in 1994 with a BSc degree in Accounting, Finance & Information Management and worked as a management accountant with a General Contractor in the UK before joining FCG in 1996. Over his time with the Ramesys and now the RedSky business Phil has continued to build on a wealth of experience in Operational, Commercial and Financial systems providing Consultancy and Project Management to large and mid sized implementations, in the UK and Middle East/ Africa. For 5 years he was the Summit Product Manager taking a lead role in the Summit strategy and providing presales consultancy prior to joining the board in February 2007 as Delivery and Implementation Director. Phil has lead an experienced and successful team, has played an active part in the development of our innovative solutions throughout this period and in February 2015 was appointed Managing Director of RedSky.
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RedSky IT serves 4K customers.
RedSky IT employs approximately 80 people as of 2026. It serves 4K customers that rely on its solutions.
RedSky IT generates $6.7M in revenue.
RedSky IT was founded by Phil Kent.
The CEO of RedSky IT is Phil Kent.
RedSky IT raised $0.
RedSky IT has 80 employees.
RedSky IT is headquartered in United Kingdom.
RedSky IT operates across multiple industries. Browse revenue, funding, and growth data for RedSky IT in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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Valuation
$20.2M
2021 Revenue
$6.7M
Customers
4K
Funding
$0
Avg ACV
$1.7K
Team
80
Founded
1976
| Year | Milestone | Source |
|---|---|---|
| 2021 | RedSky IT Hit $6.7m revenue in April 2021 | |
| 1976 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2021 | Reached 80 employees (April 2021) |
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