Alma Media increases its ownership of DOKS Service
Alma Media Corporation Press release 30 April 2024
ALMA MEDIA INCREASES ITS OWNERSHIP OF DOKS SERVICE
Alma Media Corporation has increased its ownership in Suomen Tunnistetieto Oy, a company formed by anti-money laundering law experts and application development professionals, to 75%. The company’s DOKS service provides an effective and secure digital tool for managing obligations under the Anti-Money Laundering Act, sanctions monitoring, and generally identifying and knowing the customer (Know Your Customer, KYC process).
DOKS service was launched in 2019. In 2023, the company's turnover exceeded 1 MEUR. Alma Media Corporation has increased ownership of the company in stages: in the summer of 2021, 25% was acquired and in April 2023 its ownership rose to 51%. The now completed share transaction is a continuation of the previous acquisitions, and the final phase of the acquisition will be carried out next spring according to the agreement.
“Alma Media is seeking growth in scalable digital services for businesses. Increasing regulation is accelerating the demand for services that support compliance processes," says Juha-Petri Loimovuori, Director in Alma Media.
The DOKS service provides its customers with a smooth, versatile and automated tool for managing their obligations under the Anti-Money Laundering Act and sanctions monitoring, while also supporting the implementation of good governance, risk management and compliance with ethical business principles.
“Collaboration with Alma Media Group strengthens the additional benefits to our ever-growing customer base. In recent years, legislation and the authorities' regulations and guidelines have been undergoing a major change. DOKS helps to ensure that one does not violate the provisions of the Anti-Money Laundering Act, or the obligation imposed to all companies and entities to follow the sanctions in place,” states Petteri Tenhunen, the founding partner of Suomen Tunnistetieto Oy.
For more information:
Juha-Petri Loimovuori, Alma Media, tel. +358 500 511 03
Petteri Tenhunen, Suomen Tunnistetieto Oy, tel. +358 41 502 4018
Distribution: NASDAQ Helsinki, key media, www.almamedia.fi
Alma Media in brief
Alma Media is an international company of digital media, marketplaces and services with a strong capacity for renewal. We inspire human curiosity and choice by creating services that combine technology and content with a local heart. In Finland, our best-known brands include Kauppalehti, Talouselämä, Iltalehti, Jobly, Etuovi.com, Nettiauto and Nettimoto. Our recruitment services include prace.cz and jobs.cz in the Czech Republic, Profesia.sk in Slovakia and mojposao.net in Croatia.
In Finland, our business operations include leading housing and automotive marketplaces, financial and professional media, national consumer media and content and data services for businesses and professionals. Alma Media’s international business in Eastern Central Europe, Sweden and the Baltic countries consists of recruitment services and an online marketplace for commercial properties.
Alma Media operates in 12 countries in Europe and employs approximately 1,700 professionals. Alma Media’s revenue from continuing operations was EUR 305 million in 2023 of which the share of digital business was 82%. Alma Media’s share is listed on NASDAQ Helsinki. Read more at www.almamedia.fi/en/.