Dufrain, the market-leading data management services and data analytics consultancy, today announces that it has secured investment from Phoenix Equity Partners (“Phoenix”), a UK growth-focused private equity firm, to fuel the next stage of its growth as part of a management buyout.

Founded in 2010, Dufrain helps its financial services and banking clients discover, manage and optimise their data to gain valuable insights and make better informed business decisions. The business employs more than 170 data experts, providing a comprehensive set of data management solutions from its offices in Edinburgh, Manchester and London. Dufrain’s strategic approach and reputation for service excellence has seen it become a trusted partner to clients of all sizes across the banking and insurance sectors, among others.

Dufrain has delivered year-on-year revenue growth of 40% over the past two years. Phoenix’s investment will allow the business to continue this growth trajectory by expanding its footprint across multiple geographies and sectors as well as investing in its inhouse technology solutions.

Joseph George, CEO of Dufrain, commented:

“Every organisation faces challenges in terms of extracting value from the data they have or could have available. This management buyout will enable the leadership team to continue to build and invest in the business as we pursue our ambitious growth plans. We look forward to drawing on Phoenix’s expertise to help us achieve our plans over the coming months and years.”

Chris Neale, Partner at Phoenix, said:

“The data services market is large, global and growing quickly. Dufrain is perfectly placed to capitalise on this as the leading independent data solutions provider in the UK. Over the years that we have been following Dufrain we have been impressed by its fantastic culture, strong client relationships and first-class quality of work. We are very excited to have the opportunity to partner with Joseph and the team to help achieve our shared vision.”