QOCO Systems, a provider of aviation software solutions, has received an investment of several million euros to accelerate its international expansion. Finnish private equity company Juuri Partners has become a minority shareholder in QOCO Systems, supporting the company's global growth and product development. The investment will primarily be used to recruit new talent in software development, sales and marketing.
QOCO Systems assists airlines, MROs and OEMs worldwide in increasing their operational efficiency with advanced SaaS solutions, driving the digitalisation of aircraft maintenance operations and planning. The company recently launched MRO – Assignment, a modern solution that integrates HR, maintenance and flight operations systems into one easy-to-use interface. QOCO Systems' clients include Rolls-Royce, Finnair and TAP Air Portugal, among others.
“QOCO has been accelerating its growth and investing heavily in product development for the past two years and now was the right time to bring in external support to continue this development,” said Matti Nevala, CEO of QOCO Systems. “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' current team includes 50 people representing 13 different nationalities, operating in Finland, France, Ireland, the Netherlands and the UK. The company prides itself on its ability to attract and onboard skilled experts from diverse countries and cultures.
“We are very impressed with the expertise and dynamism 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,” commented partner Markus Einiö from Juuri Partners. “The company's global and well-known clientele offers interesting opportunities not only to QOCO but also to its talent. We believe that the company will be a very attractive employer to top experts with high career ambitions.”
Looking ahead, QOCO Systems' strategic focus will be on Europe and the Middle East, with plans for North American expansion by the end of 2024. In the U.S., the company already has an existing client relationship with Endeavor Air, a subsidiary of Delta Air Lines and is in negotiations with various clients in other regions around the globe.
