News

QOCO Systems Receives Multi-Million-Euro Investment To Accelerate International Growth

ESPOO, Finland (June 10th, 2024) QOCO Systems, a leading 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.

a3048a9947970img-4126

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 MROTools.io - 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.

“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.

QOCO Systems recently won the SUPERFINNS title awarded to the most promising growth company of the year.

 

Author
image of blog Andy Graham

Request a personalised demo

Mikko, Chris and Mikael from QOCO Systems By requesting a demo you are taking the first steps towards a more cost efficient and future proof business,

We will contact you shortly to set up a call and present our solutions. The demo takes around 30 minutes and will display all the ways you can eliminate waste in processes and how you can simplify everything from tooling management to data exchange.

Our team of highly experienced aviation industry professionals main task is to help MRO's, Operators and OEM's to thrive. 

Be sure not to miss out on the latest technologies. Book a demo today! 

Subscribe

Subscribe to receive latest news and articles about aviation

paperplane

By using this form, you agree with handling of your data in accordance with our Privacy Policy.

More Posts

You Might Also Like

QOCO Systems integrates its MROTools.io tooling management solution with Swiss-AS’ AMOS

The integration of QOCO Systems’ MROTools.io offers increased efficiency and advanced capabilities in tooling management. Matti Nevala, CEO, QOCO Systems Ltd. & Fabiano Faccoli, CEO, Swiss ...

calendar-icon

10 September, 2024

Widerøe selects MROTools.io to optimise and digitalise tool management

We are delighted to announce that Widerøe has chosen to partner with QOCO Systems Ltd and will be using MROTools.io, the most advanced and dynamic tooling management software on the market. Tooling ...

calendar-icon

21 October, 2022

QOCO Systems Has What It Takes To Be The SUPERFINN 2024

Exciting News from QOCO Systems! We are excited to announce that QOCO has been crowned the SUPERFINN of the Year 2024 in the SUPERFINNS growth program! What is the SUPERFINNS program? The SUPERFINNS ...

calendar-icon

10 June, 2024