Dufrain has secured investment from Phoenix Equity Partners to fuel the next stage of its growth in Scotland.
Founded in 2010, Dufrain is a data management and analytics consultancy, with a particular focus on financial services, which has delivered year-on-year revenue growth of 40% during the past two years.
Phoenix’s backing will allow the business to double its current staffing numbers at its Edinburgh office to almost 100 people.
Dufrain has also joined Scottish Financial Enterprise (SFE), with plans to run events and webinars, as well as contribute to the SFE Young Professionals Network.
The first of these events will be in November, giving attendees insights into their data, and how tidying and storing it properly can boost profits and bring better business opportunities.
Gerry Goodwin, sales director at Dufrain, commented: “Dufrain may serve a global market, but we have never stopped being a Scottish company at heart - and we will always want to find ways to strengthen our presence here while contributing to the community.
“The investment will help us provide almost double the number of jobs in our Edinburgh headquarters, while helping Scottish businesses to thrive.”
Sandy Begbie CBE, chief executive at SFE, commented: “Dufrain’s expertise in data management services and data analytics will be of huge value to our membership, particularly as the industry continues its path towards greater digitisation.”
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