Alma Media becomes the majority shareholder of the DOKS service

Alma Media Corporation                         Press release                         3 April 2023

ALMA MEDIA BECOMES THE MAJORITY SHAREHOLDER OF THE DOKS SERVICE  

Alma Media Corporation has acquired a majority stake in Suomen Tunnistetieto Oy. Suomen Tunnistetieto’s DOKS service provides an efficient and secure digital tool for managing anti-money laundering obligations, monitoring sanctions and, in general, identifying and knowing customers (Know Your Customer, the KYC process). 

Suomen Tunnistetieto was established in 2014 and the DOKS service was launched in 2019. In 2022, the company’s revenue amounted to approximately EUR 1 million. Alma Media Corporation acquired 25% of the company in the summer of 2021, and its stake has now increased to 51%.  

“Alma Talent is seeking growth from scalable digital services aimed at companies. The ever-increasing regulation is fuelling demand for services supporting compliance processes. The DOKS service complements our product portfolio and allows us to further increase our market share. I would like to warmly welcome the people of DOKS to Alma Media,” says Juha-Petri Loimovuori, CEO of Alma Talent.  

“The demand for KYC services is supported by both legal requirements and stakeholders’ increased expectations for responsible business operations. Companies are becoming increasingly interested in reputation management and are aiming to create a competitive advantage through responsibility. We also want to implement KYC processes where the regulatory requirements do not yet apply. The forthcoming responsibility legislation will further increase the company’s due diligence obligations. The acquisition of a majority stake at this stage was a natural continuation of Alma Talent’s growth strategy,” says Taru Lehtinen, Director of Alma Talent Services.  

“Suomen Tunnistetieto is a rapidly growing company whose objective is to develop a digital service for the efficient management of KYC and AML measures that is smooth and as automated as possible. We are very happy with our collaboration with Alma Media, and the arrangement implemented today will further strengthen our service and produce additional benefits for our continuously growing customer base,” says Petteri Tenhunen, Chairman of Suomen Tunnistetieto’s Board of Directors.  

For more information, please contact:  

Juha-Petri Loimovuori, CEO, Alma Talent Oy, tel. +358 (0)500 511 03 
Taru Lehtinen, Alma Talent Services, Director, tel. +358 (0)10 665 3609
Petteri Tenhunen, Suomen Tunnistetieto Oy, Chairman of the Board of Directors, tel. +358 (0)41 502 4018  

Distribution: NASDAQ Helsinki, main media, www.almamedia.fi

Alma Media in brief

Alma Media is an international company of digital media, marketplaces and services with a strong capacity for renewal. We inspire human curiosity and choice by creating services that combine technology and content with a local heart. In Finland, our best-known brands include Kauppalehti, Talouselämä, Iltalehti, Etuovi.com, Nettiauto and Nettimoto. Our recruitment services include prace.cz and jobs.cz in the Czech Republic, Profesia.sk in Slovakia and mojposao.net in Croatia.

In Finland, our business operations include leading housing and automotive marketplaces, financial and professional media, national consumer media and content and data services for businesses and professionals. Alma Media’s international business in Eastern Central Europe, Sweden and the Baltic countries consists of recruitment services and an online marketplace for commercial properties.

Alma Media operates in 11 countries in Europe and employs approximately 1,700 professionals. Alma Media’s revenue from continuing operations was EUR 309 million in 2022 of which the share of digital business was 81%. Alma Media’s share is listed on NASDAQ Helsinki. Read more at www.almamedia.fi/en/.

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