Kauppalehti and Quartal have formed a Joint Venture for Investor Relations Services
ALMA MEDIA OYJ PRESS RELEASE 27 APRIL 2004, 13:45 Kauppalehti and Quartal have formed a Joint Venture for Investor Relations Services Kauppalehti, Finland's leading business medium, and Quartal, a specialist in financial reporting and online investor relations solutions, have formed a joint investor relations services venture, Quartal Investor Relations Services Oy, which combines the companies' current IR businesses. The aim is to answer client companies' needs with a broader range of online investor relations services. The merger of operations and the associated practical arrangements will be carried out during the year 2004. The new company will be headed by CEO Petri Leinonen, the current director of Quartal's IR Services. The clientele of Quartal Investor Relations Services consists of over 70 listed companies in ten different European countries. By far the market leader in Finland, the new company is also amongst the largest providers of online investor relations services in Europe. The company provides solutions for public investor relations as well as internal company uses, such as management reporting. The investor relations services of Kauppalehti and Quartal enable a range of market data -based monitoring-, analysis and reporting functions that are seamlessly incorporated into the client companies, public IR websites or intranet environments. Kauppalehti's current services include share performance charting, yield and risk analysis, peer monitoring as well as various comparison tools. Quartal provides advanced application services including Share Monitor, a share tracking and analysis application; Estimates, a service for brokers' consensus estimates; News Watch, a service for online news source monitoring; Total Return Calculator, an advanced share yield calculator and Historical Price Lookup, a service for easy retrieval of historical closing prices. In addition to these services, Quartal's offering also contains services for publication and analysis of financial statement data and publication of ownership and insider data. - Quartal excels in product development and the company's services are technically advanced even on a European-wide scale. The new company consolidates the expertise of both Quartal and Kauppalehti and allows us to provide our clients with a broader scope of services. By combining our efforts it is also easier to market our services to a wider audience, says Kauppalehti's Vice President Markku Kiuru. - The joint venture provides us with additional resources for further development of our products and services. After all, our aim is to be a significant player also in the European online IR services market, says Quartal's CEO Aarne Aktan. The in-depth business and sector analysis provided by Kauppalehti and Balance Consulting opens up new avenues in product development. For more information, please contact: Kauppalehti, Vice President Markku Kiuru, puh. Tel. +358 9 507 8677, firstname.lastname@example.org Quartal, CEO Aarne Aktan, puh. Tel. +358 424 258 204, email@example.com Quartal Investor Relations Services Oy, CEO Petri Leinonen, tel. +358 424 258 219, firstname.lastname@example.org Kauppalehti, Finland's foremost business medium, provides timely and reliable financial information via multiple publication channels, including print publications, television and online media. Kauppalehti is a part of Alma Media's Business Information Group (BIG), which specialises in the production and distribution of business and financial information. The other companies in the group are Balance Consulting Oy, Baltic News Service and Lehdentekijät Group. Alma Media is a media company listed on the Helsinki Exchanges. The Group's main businesses are newspaper publishing, production and distribution of business information, television and radio broadcasting, and media services. The Group's top brands are Finland's most popular TV channel MTV3, and Finland's most popular commercial radio station Radio Nova, the leading business medium Kauppalehti, the leading newspaper in the Tampere region Aamulehti and the prominent afternoon paper Iltalehti. Quartal, a specialist in content management and corporate online communications, provides solutions and services for e-enterprise needs, financial reporting and investor relations. Founded in 1997, Quartal is privately owned and currently employs 60 people and has offices in Helsinki and Zurich. For more information, visit www.quartal.com
- Date: 27.4.2004, 13:44
- News type: Press release
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