CapMan to finance the growth of Talent Code Oy

15/12/2000

Finland’s leading private equity investor CapMan Capital Management Oy invests in Talent Code Oy, a company specialising in Internet-based solutions for eLearning, Human resource development and eManagement.

In addition to CapMan (20 %), the other shareholders in Talent Code include Talent Partners Oy and its key personnel (45 %), and the management and personnel of the company (35 %). Mr. Kari Kasanen, one of the prominent management consultants in Finland acts as the Chairman of the Board. The other board members are Mr. Jouko Hannus, Senior Partner of Talent Partners, and Mr. Kari Savolainen, Managing Director of Talent Code. Mr. Timo Tiihonen, Senior Advisor of CapMan, acts as the special advisor to the board concerning international expansion.

Talent Code was established in September this year and currently the company employs some 20 people. The company works in close co-operation with Talent Partners, which employs some 60 management consulting, development and training professionals.

“Competence management and change management will become critical success factors in all industries. We believe that internet technology can provide a powerful yet cost-efficient tool for companies to master these management challenges” says Mr. Kari Kasanen, Chairman of the Board.

“E-learning and competence development is an obvious growth sector because an increasing number of successful companies will embrace the life-long learning concept and train employees accordingly. With its profound understanding of web based education, innovative software development and solid management team Talent Code is well positioned to provide world-class solutions in this sector” adds Mr. Petri Saavalainen, partner of CapMan.

According to Kari Savolainen, Managing Director of Talent Code, the new funding will primarily be used to intensify Talent Codes product development and to finance growth. “Our aim is to employ approximately 60-80 people within 12-14 months with main emphasis on R&D personnel. Our strategy is to build strong partnerships to assist of own product and business development. Accordingly, we believe that close co-operation with Talent Partners will benefit both companies in a significant way.” summarises Mr. Savolainen.