Finnish private equity company Juuri Partners became a minority shareholder of QOCO Systems, supporting the aviation SaaS company’s growth and expansion to new markets. Juuri Partners’ investment allows QOCO Systems to recruit new talent and strengthen its product development. QOCO Systems recently won the SUPERFINNS title awarded to the most promising growth company of the year.
QOCO Systems, a fast-growing provider of aviation software solutions, announces that it has received an investment of several million euros to accelerate its international expansion. The investor, Finnish private equity company Juuri Partners, becomes a minority shareholder of QOCO Systems, supporting the company’s international growth and product development. The investment will be used mainly to recruit new talent in software development, sales, and marketing.
QOCO Systems helps airlines, MROs, and OEMs around the world to increase their operational efficiency with advanced SaaS solutions, driving the digitalization of aircraft maintenance operations and planning. The company recently launched MRO – Assignment, a modern solution that combines HR, maintenance, and flight ops systems into one easy-to-use interface. QOCO Systems’ clients include Rolls-Royce, Finnair, and TAP Air Portugal, among others. This past week QOCO Systems was selected as the most promising company of the SUPERFINNS 2024 program.
“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,” says 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 different countries and cultures.
”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,” says Partner Markus Einiö from Juuri Partners. “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.”
Going forward, QOCO Systems’ strategic focus will be in Europe and the Middle East, but it is also preparing for North American expansion at the end of 2024. In the US, the company has an existing client relationship with Endeavor Air, a subsidiary of Delta Air Lines. QOCO Systems is also in negotiations with various clients in other regions around the globe.
Contact Information
Matti Nevala, CEO
QOCO Systems
+358 45 650 5720
matti.nevala@qoco.aero
Markus Einiö
Partner, Juuri Partners
markus.einio@juuripartners.fi
QOCO Systems
QOCO Systems is a Finnish software company specializing in the aviation industry. QOCO Systems’ clientele includes prominent names such as Rolls-Royce, Finnair, and numerous other airlines around the Globe. Employing over 50 professionals in aviation and software, QOCO is experiencing strong business growth. www.qoco.aero
Juuri Partners
The 12-person team of Juuri Partners Ltd manages the private equity funds Juuri Rahasto I Ky and Juuri Rahasto II Ky amounting to approximately €200 million, which finance established and profitable small- and medium-sized enterprises in Finland. Juuri Partners offers growth-oriented companies a business financing and development concept that combines active ownership, debt financing and strategic business support. The investor base for the funds comprises both Finnish and international institutional investors. juuripartners.com/