FLYdocs Systems, a software provider for the aviation industry, raises capital from Growth Capital Partners
Growth Capital Partners (GCP) is pleased to announce that it has completed a transaction with FLYdocs Systems Limited (FLYdocs) which will provide development capital funding and strategic support to accelerate international growth.
FLYdocs is a technology company whose software as a service platform provides best in class paperless aviation records management and online aircraft transition services to commercial airlines, aircraft lessors and other aviation industry participants worldwide. Headquartered in Tamworth, UK and founded in 2007, FLYdocs serves a growing global customer base and also has operations in India, Philippines and the USA.
Adrian Ryan, CEO of FLYdocs said
“We are at an exciting stage of significant international growth and are delighted to move into the next phase of our ambitious plans alongside our new partners GCP. Their financial input and understanding of our strategy, together with their appetite for and track record of supporting buy and build will help us to significantly accelerate our growth agenda. The straightforward, partnership approach of GCP was a key factor in our decision to work with them and we look forward to welcoming Richard Shaw to the board”
Richard Shaw, Investment Director at GCP, added:
“With its focus on market leading software functionality and in-house aviation engineering expertise, FLYdocs clearly has huge potential for further expansion. We are excited to be partnering with such an impressive team and look forward to supporting the business in bringing on board new global commercial airline and lessor customers and to expanding its international footprint. The market is at a clear point of change when it comes to the transition to paperless records management and aircraft lease transfers, and FLYdocs is ideally placed to drive and benefit from this.”
Source: Press Release