Nordic Capital is looking forward to supporting the next phase of Duco's journey alongside Christian and the management team," said Emil Anderson, Principal, Nordic Capital Advisors. We are excited about the positioning of the company to respond to major trends that are gaining rapid traction, its great reputation with its clients, and the strength of its technology.
Duco has demonstrated strong leadership and innovation to move technology in Financial Services forward, with its focus on cloud-only delivery and self-service for end users. Duco brings state-of-the art solutions challenging established legacy point solutions and vastly improve processes. "The reconciliation market is growing quickly with strong structural tail winds.
Nordic Capital's strategic expertise, focus on growth and execution best practice mean that we can accelerate from here and strengthen our strategy with both organic and acquisition growth in the future," said Christian Nentwich, CEO, Duco, adding "I would also like to thank our outgoing investors and our independent board members, Cris Conde, Kirsten Wolberg and Spencer Lake, for their support and guidance that led us to where we are today." We are passionate about solving these problems in new ways that make people's work lives more enjoyable and have immediate and substantial agility and cost benefits to our clients. Companies face huge, unsolved problems in the data management and data automation areas. Together we will be able to take the business to its next level as they have a strong track record of scaling fast-growing businesses such as Duco. "We are very pleased to be partnering with Nordic Capital for the next part of Duco's journey. Duco's software is used by 14 of the top 30 global banks, asset managers with over $10 trillion in assets, leading payments innovators, exchanges and custodians, and insurers. Headquartered in London, Duco has 140 employees in the UK, US, Singapore and Poland. Duco's mission is to "make managing data easy" by replacing spreadsheets and technology-heavy solutions in areas like data prep, reconciliation, data quality and data management with a user-friendly, machine learning-powered platform. Duco provides Software as a Service (SaaS) solutions in the cloud to Financial Services, Insurance and FinTech companies dealing with mission critical data management issues.
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