April 2022

Duco expands board of directors with three new appointments

Data science and financial services veterans join team of directors steering Duco as the company grows into a trusted enterprise platform and fulfils its vision to disrupt and lead the data automation market.

6 April 2022, London – Duco, a leading cloud-based data automation company backed by private equity firm Nordic Capital today announced that it has named Uwe Weiss, Linda Middleditch and Spencer Lake to the company’s board of directors.

Uwe Weiss is a long-standing entrepreneur and software executive with a passion for disruptive technologies. He was CEO of Blue Yonder, an award-winning SaaS Machine Learning / Artificial Intelligence (ML/AI) start-up acquired by JDA. In 2020 the combined companies rebranded to Blue Yonder and Uwe continued to serve as a member of their executive team. With USD 1.1Bn in revenue Blue Yonder was the largest independent AI powered supply chain software company globally when Panasonic Corp acquired the company in 2021 for an enterprise value of USD 8.5Bn. Uwe also co-founded Crossgate AG, a SaaS-based B2B integration service provider, later acquired by SAP SE and had worked for SAP before. He currently serves as a board member of SaaS software companies Matrix42 and Regnology. Uwe now serves as the chairman of Duco’s board.

Linda Middleditch is a product management and strategy specialist with more than two decades of experience in capital markets technology. She has led teams in senior roles at Itiviti, Bloomberg, Morgan Stanley, Citigroup and UBS. She is a Board Member of Macrobond and was Waters Technology Gender/Equality/Diversity award winner in 2021. She also received the Market Media European Women in Finance Award for excellence in Fintech in 2020.

Spencer Lake is a former investment banker who has spent three decades between JPMorgan, Merrill Lynch and HSBC. He is now a founding partner at Element Ventures, an enterprise focused FinTech venture capital firm, and an advisor and board member to several technology firms challenging the status quo, including Fenergo, nCino, Nivaura and Callsign. Spencer rejoins the board following prior tenure with Duco’s former investors.

“Duco has a unique data automation platform and a very talented team,” said Weiss. “We are at a point in time when uniting the power of the cloud, machine learning, and new approaches to user experience empowers firms with mission-critical data to unlock the potential that has lain dormant in their data for so long. I see a large opportunity for Duco because its platform addresses so many different use cases, and solves significant, sticky problems for customers. I’m looking forward to working alongside Christian and the Duco board during this important phase of growth for the company.”

Christian Nentwich, CEO of Duco, said: “I am very pleased to welcome Uwe, Linda and Spencer to Duco. We believe that their experience in partnering with large enterprises to optimise their business and accelerate their digital initiatives, combined with their product acumen, will be very beneficial as we accelerate our journey to transform the way firms consume, check, update and report data without manual work.”

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