- October 31, 2016
Valamis to acquire predictive analytics company OlapCon Oy
Published on: 31 October 2016 at 10.32
Published by: Valamis
Valamis, a forerunner in the digital transformation of learning, acquired the entire stock of OlapCon Oy, a pioneer in predictive analytics. The combined competencies of the two companies will allow Valamis to offer a wider range of services than it does today. Thanks to the enhanced analytical capabilities and Robotic Process Automation (RPA), Valamis' customers will be better equipped for business forecasting and planning.
Joensuu, Finland, October 31, 2016. Two companies from Joensuu – software company Valamis Oy and analytics expert OlapCon Oy – announced their merger plans. After the transaction, all the employees at OlapCon will move to Valamis, making the total number of staff at Valamis over 130. OlapCon was founded in 2006, and its areas of expertise include business forecasting, profitability analytics and metrics for process efficiency.
Business intelligence, analytics and forecasting play a major role in the digital transformation. Valamis believes that OlapCon's robust expertise in business intelligence, combined with the Valamis – Learning Experience Platform developed by Valamis, will yield significant benefits for the company's customers.
In the past 12 months, Valamis has invested heavily in growing its business and entering the international market with its learning solutions and organizational development services. Valamis CEO Jussi Hurskainen is happy about the new services made possible by the merger:
"OlapCon has highly talented personnel and great customers, and the company is one of the leading IBM partners and experts in predictive analytics in Finland. Combining this with Valamis' current expertise gives us new ways of helping our customers to develop their internal competencies and lead digital transformation," says Jussi Hurskainen.
The acquisition will make Mika Hurskainen, the Founder of the OlapCon, a shareholder in Valamis.
"This merger brings many synergy benefits for our customers. OlapCon specializes in collecting and refining data to make it support management decisions. The digital transformation of learning opens up new avenues for data analytics and innovative services. The mix of OlapCon's expertise and Valamis' solutions allows us to offer a comprehensive digital experience to our customers," says Mika Hurskainen.
OlapCon has customers in fields such as telecommunication and retail trade, and in the public sector. The company's turnover was EUR 2.7 million in the previous financial year. Valamis serves as the strategic partner in digital transformation for major organizations in the private and public sectors, in Finland, Central Europe and the US. Valamis is a Liferay Platinum Partner.
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Valamis is an internationally growing IT company specialized in the digitalization of learning. The company was recently listed in Gartner's 2016 Market Guide for Corporate Learning Suites as a Representative Vendor of the product Valamis. Valamis eLearning software helps customers convert the benefits of the digital transformation into a competitive advantage. Valamis' customers are large organizations in both private and public sectors. With its headquarters in Joensuu, Finland, Valamis has a total of six offices in Finland, the US and Russia.