QOCO Systems Secures Multi-Million-Euro Investment from Juuri Partners to Drive Global Expansion and Enhance Innovative Aviation Maintenance Solutions
QOCO Systems, a leading provider of aviation software solutions, has secured a multi-million-euro investment from Finnish private equity firm Juuri Partners, who now holds a minority stake in the company. This funding will support QOCO Systems international expansion and product development, with a primary focus on hiring talent in software development, sales, and marketing. QOCO Systems assists airlines, MROs, and OEMs globally in enhancing their operational efficiency through advanced SaaS solutions, facilitating the digitalization of aircraft maintenance operations and planning.
QOCO Systems has recently introduced MRO Assignment, a comprehensive solution that integrates HR, maintenance, and flight operations systems into a single, user-friendly interface.
Matti Nevala, CEO of QOCO Systems, said “QOCO has been accelerating its growth and investing strongly in product development for the past two years, and now was the right time to bring in outside support to continue this development. The investment from Juuri Partners allows us to expand our capabilities through new hires, and we plan to recruit at least 15 new members into our international team during 2024–25.”
QOCO Systems team comprises 50 individuals from 13 different nationalities, based in Finland, France, Ireland, the Netherlands, and the UK. The company is known for its expertise in recruiting and integrating skilled professionals from diverse countries and cultures.
Partner Markus Einiö from Juuri Partners, said ”We are very impressed with the expertise and dynamic of the QOCO team, as well as with the significant benefits their innovative products bring to clients while advancing the development of aviation maintenance as a whole. By improving the efficiency of maintenance processes and related data flows, QOCO can also impact sustainability matters in the industry, the company’s global and well-known clientele offers interesting opportunities to not only QOCO, but also its talent. We believe that the company will be a very attractive employer to top experts with high career ambitions.”
QOCO Systems strategic focus will be on Europe and the Middle East, with plans to expand into North America by the end of 2024. In the US, the company has an existing client relationship with Endeavor Air, a subsidiary of Delta Air Lines, and is currently negotiating with potential clients in other regions worldwide.
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Q. – Who has invested in QOCO Systems?
A. – Juuri Partners.
Q. – What is the investment amount?
A. – Multi-million euros.
