Alma Media acquires ownership of B2B sales expert JM Tieto
Alma Media Corporation Press Release 7 January 2015 at 15.30 (EET)
ALMA MEDIA ACQUIRES OWNERSHIP OF B2B SALES EXPERT JM TIETO
Alma Media will acquire the entire stock of JM Tieto Oy. Prior to this, Alma Media already held a 20 percent stake in the company. The sellers are the founder of JM Tieto and the company’s acting management.
“The services of Kauppalehti and JM Tieto complement each other nicely,” states Kauppalehti’s Managing Director Juha-Petri Loimovuori. “Kauppalehti Information Services primarily offers information on companies, realties and individual persons, whereas JM Tieto focuses on marketing information and its applications.”
According to Loimovuori, the competencies of JM Tieto will also benefit other areas of the Kauppalehti Group, such as Alma360’s customer media solutions and Kauppalehti’s media sales.
“The acquisition will expand our services and clientele,” says Marko Viljanen, founder and Managing Director of JM Tieto.
JM Tieto specialises in building marketing and sales concepts for B2B companies. JM Tieto’s range of services combines B2B register and analytics services and new business acquisition services in addition to CRM and marketing technologies. The company’s estimated revenue in the current financial period is approximately EUR 3.6 million.
During spring of 2015, JM Tieto will be reorganised to form a part of the Kauppalehti Business Information Services’ operations. Marko Viljanen, the Managing Director of JM Tieto, will report to Otto Mattsson, Director of Kauppalehti Business Information Services.
The parties have agreed not to disclose the sale price.
For more information, please contact:
Juha-Petri Loimovuori, Managing Director, Kauppalehti Oy, tel. +358 50 051 1036
Marko Viljanen, Managing Director, JM Tieto Oy, tel. +358 41 534 0051
Alma Media in brief
Alma Media is a media company focusing on digital services and publishing. In addition to news services, the company’s products provide useful information related to lifestyle, career and business development. The services of Alma Media have expanded from Finland to the Nordic countries, the Baltics and Central Europe. The company employs 1,965 professionals (excluding deliverers), of whom approximately one third work outside Finland. Alma Media’s revenue in 2013 totalled approximately MEUR 300. Alma Media’s share is listed on NASDAQ OMX Helsinki. Read more at www.almamedia.com.
JM Tieto Oy in brief
JM Tieto, an organisation of 30 experts, enhances the business of B2B companies by bringing solutions for identifying, acquiring and developing customerships. The company’s revenue for the financial period until 31 May 2013 amounted to EUR 3.1 million.