Alma Mediapartners strengthens its construction and housing software portfolio through company acquisition

Alma Media Corporation                                   Press release 12 January 2018

ALMA MEDIAPARTNERS STRENGTHENS ITS CONSTRUCTION AND HOUSING SOFTWARE PORTFOLIO THROUGH COMPANY ACQUISITION

Alma Media’s subsidiary Alma Mediapartners Oy is strengthening its software business related to construction and housing by acquiring the entire share capital of Käyttösofta Oy from its founders. Käyttösofta’s revenue for 2017 was approximately EUR 1 million. The parties have agreed not to disclose the price of the transaction.

The Talosofta software developed by Käyttösofta Oy is a web-based ERP system for small and medium-sized operators in the construction, renovation and technical building service industries. The Talosofta system allows users to manage entire accounts and projects comprehensively from sales to invoicing and it is integrated into several modern financial management systems.

The company has approximately 100 clients at the moment.

Talosofta will become part of Alma Mediapartners’ strong line of business that concentrates on housing. This includes Etuovi.com, Vuokraovi.com and Urakkamaailma.fi aimed at consumers, the Kivi real estate business system, and NettiKoti, which is used for the management of tenant changes and selections.

”In construction, digitization offers many possibilities for new business development as well as the creation of new service models. Our aim is to strengthen our software business, and the Talosofta software that encompasses the entire construction process fits our product portfolio perfectly,” says Riikka Wulff, Managing Director of Alma Mediapartners Oy.

”The Talosofta business operations are growing and developing. We are combining our strengths with those of Alma and our product will become a part of Alma’s selection, which will benefit the customer. We will continue active cooperation with our customers as before,” say CEO Jani Räihä and Petri Poukkula, co-founder of Käyttösofta Oy.

For more information, please contact:
Riikka Wulff, Managing Director of Alma Mediapartners Oy, tel. +358 10 665 3519
Jani Räihä, CEO, Käyttösofta Oy, tel. +358 (0)10 544 1937

Alma Media in brief

Alma Media is a media company focusing on the service business and journalistic content. The company’s best-known brands are Kauppalehti, Talouselämä, Affärsvärlden, Iltalehti, Aamulehti, Etuovi.com and Monster. Alma Media builds sustainable growth for its customers by utilising the opportunities of digitality, including information services, system and expert services and advertising solutions. Alma Media’s operations have expanded from Finland to the Nordic countries, the Baltics and Central Europe. Alma Media employs approximately 2,300 professionals (excluding delivery personnel), of whom approximately 30% work outside Finland. Alma Media’s revenue in 2016 was EUR 353.2 million. Alma Media’s share is listed on NASDAQ Helsinki. Read more at www.almamedia.com.

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