Alma Mediapartners to become the majority shareholder of NettiKoti, a software company for ERP systems in new construction and renovation

Alma Media Corporation                     Press release               11 January 2016 at 11:00 am (EET)

ALMA MEDIAPARTNERS TO BECOME THE MAJORITY SHAREHOLDER OF NETTIKOTI, A SOFTWARE COMPANY FOR ERP SYSTEMS IN NEW CONSTRUCTION AND RENOVATION

Alma Media’s subsidiary Alma Mediapartners Oy acquired 51 per cent of the share capital of Raksa ja KotiKauppa Oy from the company founders. The company implements ERP systems for the needs of both new construction and renovation. The revenue of Raksa ja KotiKauppa Oy for 2015 is expected to amount to approximately EUR 0.5 million. The parties have agreed not to publish the price of the acquisition.

Raksa ja KotiKauppa Oy is best known for its NettiKoti service. The key software in the service is Raksa, which enables efficient information management at the level of housing company and apartment during construction projects. The system can also be used for communication between customers and construction companies during the construction project.

In addition to the Raksa software, the NettiKoti service also includes KotiKauppa, a sales system for developers. The system enables managing reservations and marketing in new construction projects in different portals, such as Alma Media’s Etuovi.com.

Raksa ja KotiKauppa Oy was founded in December 2015 after its detachment from Evianet Solutions Oy through a partial division.

“Our aim is to expand our housing-related services to cover not only change of residence but also other housing services and information. NettiKoti will complement our service business selection, because it includes a system for developers. We want to make the Etuovi.com product family an even more integral part of the daily work of developers,” Riikka Wulff, Managing Director of Alma Mediapartners Oy says.

“We have developed the NettiKoti system throughout the existence of Evianet Solutions, and we have achieved a strong position as an ERP system provider for construction companies. We are happy to have a new majority owner who can develop the service with us to make, for example, residential services produce more added value for our customers,” says Juha Heijala, Member of the Board at Raksa ja KotiKauppa Oy.

For more information, please contact:
Riikka Wulff, Managing Director of Alma Mediapartners Oy, tel. +358 10 665 3519
Juha Heijala, Member of the Board at Raksa ja KotiKauppa Oy, +358 50 3575 096

Alma Media in brief
Alma Media is a media company focusing on digital services and publishing. In addition to news services, the company’s products provide useful information related to lifestyle, career and business development. The services of Alma Media have expanded from Finland to the Nordic countries, the Baltics and Central Europe. In 2014, the company employed an average of 1,830 professionals (excluding deliverers), of whom approximately one quarter worked outside Finland. Alma Media’s revenue in 2014 totalled approximately EUR 295 million. Alma Media’s share is listed on NASDAQ OMX Helsinki. Read more at www.almamedia.com.

Evianet Solutions in brief
Evianet Solutions Oy is a Finnish company that designs and implements ERP systems for the construction industry. The company was founded in 2003, and its products include the NPL site management system and the NettiKoti service. The company also implements customer-specific ERP systems. It has offices in Helsinki and Jyväskylä. Read more at www.evianet.fi

Share article