Valamis Group Ltd. | |
Former Name: | Arcusys Ltd. (20032018) |
Industry: | Enterprise software Educational technology |
Founders: | Jussi Hurskainen (CEO) Mika Kuikka (President) Kyösti Nevalainen Mikko Taivainen |
Hq Location City: | Joensuu |
Hq Location Country: | Finland |
Area Served: | Worldwide |
Products: | Valamis - Learning Experience Platform |
Operating Income: | (2018)[1] |
Num Employees: | 180 |
Num Employees Year: | 2018 |
Parent: | Adelis Equity Partners |
Valamis Group Ltd. is a Finnish enterprise software company headquartered in Joensuu, Finland. It is the developer of Valamis, an e-learning software used by enterprises and universities for online learning.
Arcusys was founded on December 18, 2003,[2] by Jussi Hurskainen, Mika Kuikka, Kyösti Nevalainen and Mikko Taivainen. In the early years, Valamis' main business was working as a subcontractor for large manufacturing corporations. When the technology development took off within the company in 2007, Valamis started work with universities.
In 2012, Arcusys acquired the software company Fudeco Ltd[3] and expanded its offices to Oulu, Finland.[4]
In 2016, the company acquired the predictive analytics company Olapcon Ltd.[5]
In May 2018, Arcusys changed its name to Valamis.[6]
In January 2019, Valamis acquired the software company Componence Services B.V. and opened an office in Amsterdam.[7]
In December 2020, Valamis was acquired by Adelis Equity Partners. Adelis acquired shares from the passive shareholders and invested growth equity in the company through a private offering.[8] [9]
In July 2021, Valamis acquired the digital learning management software company The Working Manager Limited (TWM).[10]