Nordic Capital invests in no-code data automation leader Duco
Summary
Nordic Capital will utilise its experience within the Technology and Payments sector, as well as its broad network and operational resources to accelerate the transformative growth of the business. The data automation market is growing rapidly, and Nordic Capital’s investment will enable the business to further increase its international footprint whilst also supporting product expansion and employee growth. 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. 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.” “The reconciliation market is growing quickly with strong structural tail winds. 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.
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