Kauppalehti expands its services together with JM Tieto
Alma Media Corporation Press release October 1, 2012 at 14:00 (EEST)
KAUPPALEHTI EXPANDS ITS SERVICES TOGETHER WITH JM TIETO
Kauppalehti, part of Alma Media, and JM Tieto Oy have agreed on wide-ranging collaboration in providing information services and multichannel marketing services. At the same time, Alma Media purchases 20 per cent of the stock of JM Tieto. The parties have agreed not to disclose the value of the deal. Alma Media has an option to gradually acquire the entire stock of JM Tieto Oy over the next five years.
JM Tieto specialises in building marketing and sales concepts for B2B companies. JM Tieto's offering combines register and analytics services, using these in corporate marketing, as well as customer acquisition and management technologies. JM Tieto is Finland's third largest B2B register provider, with a revenue of nearly 3 million euro last year.
Kauppalehti's and JM Tieto's services complement each other excellently. Kauppalehti Information Services mainly offers company and real estate information, while JM Tieto focuses on marketing information and how to use it. JM Tieto's specialism is also expected to create synergies elsewhere in the Kauppalehti Group, such as Alma360's custom media solutions and Kauppalehti's advertising sales.
For more information, please contact:
Juha-Petri Loimovuori, Managing Director, Kauppalehti Oy, tel. +358 500 511036
Marko Viljanen, Managing Director, JM Tieto Oy, tel. +358 41 5340051
Alma Media in brief
Alma Media is a dynamic media company whose best-known products are Aamulehti, Iltalehti, Kauppalehti and Etuovi.com. Alma Media employs approximately 3,000 professionals. The company's revenue in 2011 totalled MEUR 316.2 with an operating margin of 13.3 per cent. Alma Media's share (ALN1V) is listed in the NASDAQ OMX Helsinki Exchange. Read more at www.almamedia.com.
JM Tieto Oy in brief
JM Tieto is a specialist organisation enhancing B2B companies' sales and marketing efforts through innovative customer acquisition and management solutions, as well as management expertise. The company's revenue for the financial period ended May 31, 2012 was MEUR 2.9 with an operating profit of MEUR 0.24.