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Valamis

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Valamis Group Ltd.
[REDACTED] Logo since May 17, 2018
Valamis's headquarters in Joensuu
FormerlyArcusys Ltd.
(2003–2018)
IndustryEnterprise software
Educational technology
Founded18 December 2003; 21 years ago (2003-12-18)
FoundersJussi Hurskainen (CEO)
Mika Kuikka (President)
Kyösti Nevalainen
Mikko Taivainen
HeadquartersJoensuu, Finland
Area servedWorldwide
ProductsValamis - Learning Experience Platform
Operating income€9.8 million (2018)
US$11.43 million
Number of employees180 (2018)
ParentAdelis Equity Partners
Subsidiaries
  • Valamis Learning UK Limited
  • Valamis Inc.
  • Valamis Deutschland GmbH
  • Valamis Benelux B.V.
Websitewww.valamis.com

Valamis Group Ltd. is a Finnish enterprise software company headquartered in Joensuu, Finland. It is the developer of Valamis, an e-learning software used by enterprises and universities for online learning.

History

Arcusys was founded on December 18, 2003, by Jussi Hurskainen, Mika Kuikka, Kyösti Nevalainen and Mikko Taivainen. In the early years, Valamis' main business was working as a subcontractor for large manufacturing corporations. When the technology development took off within the company in 2007, Valamis started work with universities.

In 2012, Arcusys acquired the software company Fudeco Ltd and expanded its offices to Oulu, Finland.

In 2016, the company acquired the predictive analytics company Olapcon Ltd.

In May 2018, Arcusys changed its name to Valamis.

In January 2019, Valamis acquired the software company Componence Services B.V. and opened an office in Amsterdam.

In December 2020, Valamis was acquired by Adelis Equity Partners. Adelis acquired shares from the passive shareholders and invested growth equity in the company through a private offering.

In July 2021, Valamis acquired the digital learning management software company The Working Manager Limited (TWM).

References

  1. "Valamis Group Oy - Y-tunnus: 1867943-7 - Yritystiedot, taloustiedot, päättäjät & hallituksen jäsenet". www.finder.fi (in Finnish).
  2. "Valamis Group Oy". tietopalvelu.ytj.fi. The Business Information System BIS. 2003-12-08. Retrieved 2018-05-16.
  3. "Company Overview of Fudeco Oy". www.bloomberg.com. Bloomberg. 2012-10-09. Retrieved 2018-06-19.
  4. "Arcusys ostaa oululaisen Fudecon". karjalainen.fi (in Finnish). 2012-10-09. Retrieved 2012-10-09.
  5. "Nasan kumppani osti itärajalta it-talon". www.tivi.fi (in Finnish). 2016-10-31. Retrieved 2018-06-19.
  6. Valamis. "Arcusys Announces Corporate Name Change to Valamis". www.prnewswire.com. Retrieved 2022-10-20.
  7. "Valamis Expands to the Netherlands through Acquisition of Componence". www.valamis.com.
  8. Punshi, Eliza (4 January 2021). "Adelis buys stake in Finnish digital learning firm Valamis". Unquote. Retrieved 31 August 2021.
  9. "Acquisition of Valamis by Adelis Equity Partners - Carner". Carner. Retrieved 31 August 2021.
  10. "Prism facilitates sale of learning management platform provider TWM". Cambridge Network. Retrieved 31 August 2021.
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