Valamis

Finnish enterprise software company

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Valamis Group Ltd.

Logo since May 17, 2018

Valamis's headquarters in Joensuu

Formerly| Arcusys Ltd.
(2003–2018)
Industry| Enterprise software
Educational technology
Founded| 18 December 2003; 21 years ago (2003-12-18)
Founders| Jussi Hurskainen (CEO)
Mika Kuikka (President)
Kyösti Nevalainen
Mikko Taivainen
Headquarters|

Joensuu

Finland

Area served

| Worldwide
Products| Valamis - Learning Experience Platform

Operating income

| €9.8 million (2018)[1]
US$11.43 million

Number of employees

| 180 (2018)
Parent| Adelis Equity Partners
Subsidiaries|

* Valamis Learning UK Limited
* Valamis Inc.
* Valamis Deutschland GmbH
* Valamis Benelux B.V.

Website| www.valamis.com

Valamis Group Ltd. is a Finnish enterprise software company headquartered in Joensuu, Finland. It is the developer of Valamis, a learning management system used by enterprise companies and public bodies for online learning and skills management.

## History

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Arcusys was founded on 18 December 2003,[2] 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[3] and expanded its offices to Oulu, Finland.[4]

In 2016, the company acquired the predictive analytics company Olapcon Ltd.[5]

In May 2018, Arcusys changed its name to Valamis.[6]

In January 2019, Valamis acquired the software company Componence Services B.V. and opened an office in Amsterdam.[7]

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.[8][9]

In July 2021, Valamis acquired the digital learning management software company The Working Manager Limited (TWM).[10]

## References

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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. 8 December 2003. Retrieved 16 May 2018.
3. ^ "Company Overview of Fudeco Oy". www.bloomberg.com. Bloomberg. 9 October 2012. Retrieved 19 June 2018.
4. ^ "Arcusys ostaa oululaisen Fudecon". karjalainen.fi (in Finnish). 9 October 2012. Retrieved 9 October 2012.
5. ^ "Nasan kumppani osti itärajalta it-talon". www.tivi.fi (in Finnish). 31 October 2016. Retrieved 19 June 2018.
6. ^ Valamis. "Arcusys Announces Corporate Name Change to Valamis". www.prnewswire.com. Retrieved 20 October 2022.
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.