News December 23, 2020
Valamis announces a partnership with Adelis Equity Partners (“Adelis”), a growth partner for well-positioned, Nordic companies that have high growth ambitions.
23 December 2020, Joensuu. Valamis, the global leader in digital learning technologies and workforce development, announces a partnership with Adelis. In partnership with the Valamis management, Adelis acquires shares from passive investors in Valamis Group Oy and provides growth capital to the business in order to further the company’s expansion. Current management-owners will continue in their roles and retain significant ownership going forward.
Valamis was seeking a partner to help accelerate the development of its LXP business internationally:
“The combination of us competing as one of the early leaders in the learning experience platform market and doing it from Finland, created a need for us finding a leading, local technology investment partner but one also with significant experience internationally and having demonstrated its ability to support companies in winning in a global marketplace. Adelis is a perfect match for us, with its track-record of building great technology businesses, internationalizing software businesses and with its local and international network.”
– Jussi Hurskainen, CEO of Valamis.
”Valamis has developed a leading LXP application within its niche, and we were impressed by the company’s management team and what they have been able to accomplish without taking in any institutional capital. We see exciting potential for both the expansion of Valamis’ current services business in Europe and the LXP market globally.”
– John-Matias Uuttana and Joel Russ, Adelis.
As part of the transaction, Anders Böös will join Valamis’ board as the new Chairman.
”Valamis has created a first-class product for the LXP market and I am looking forward to helping the company build a market-leading position globally.”
– Anders Böös.
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Valamis is a digital learning company specializing in workforce development, and the developer of Valamis – Learning Experience Platform. Valamis’ customers are large organizations spanning all industries—predominantly finance and insurance, complex manufacturing, and professional services. Headquartered in Joensuu, Finland, Valamis operates internationally with offices in the US, the UK, Germany, the Netherlands, Russia, and India.
Adelis is an active partner in creating value at mid-sized Nordic companies. Adelis was founded with the goal of building the leading middle market private equity firm in the Nordics. Since raising its first fund in 2013, Adelis has been one of the most active investors in the Nordic middle-market, acquiring 24 companies and making more than 80 add-on acquisitions. Adelis now manages approximately €1 billion in capital. For more information please visit www.adelisequity.com.