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'''Valtari Technologies, Inc'''., is a multinational technology conglomerate based in [[Venceia]], [[Caphiria]]. The company owns and operates social media company [[Thinkpages]], the messaging and video conferencing app [[Nuntia]], the consumer electronics retailer [[Electron]], and the [[WorkSpaces X]] productivity software, among other products and services. | '''Valtari Technologies, Inc'''., is a multinational technology conglomerate based in [[Venceia]], [[Caphiria]]. The company owns and operates social media company [[Thinkpages]], the messaging and video conferencing app [[Nuntia]], the consumer electronics retailer [[Electron]], and the [[WorkSpaces X]] productivity software, among other products and services. | ||
Valtari was founded in 1978 by Caphirian programmers Sarino Antellion and Călian Veschertio to develop software programs for the [[STM|ITM Blue]] personal computers. Its first operating system, ValtariumDOS (VDOS), was a commercial failure despite gaining international coverage for its advanced features. In 1981, Urcean executive [[Ronan Rentius]] joined Valtari as its first outside chief executive | Valtari was founded in 1978 by Caphirian programmers Sarino Antellion and Călian Veschertio to develop software programs for the [[STM|ITM Blue]] personal computers. Its first operating system, ValtariumDOS (VDOS), was a commercial failure despite gaining international coverage for its advanced features. In 1981, Urcean executive [[Ronan Rentius]] joined Valtari as its first outside chief executive and under his leadership, the company released two milestone products: the Valtari-1000, a custom ITM Blue machine, and Valtari WorkSpaces, a suite of office productivity tools. The Valtari-1000 became a best seller and one of the first mass-produced microcomputers. The company went public in 1984 and achieved instant financial success.In the early 1990s, Valtari - still under Rentius' leadership, experienced significant growth, thanks in part to its dominant position in the PC software market. On 3 January 2006, Rentius resigned amid rumored misconduct allegations. | ||
On January 20, 2006, [[Kiravia|Kiravian]] businessman and entrepreneur [[Vidor Riśakarin]] was named the next chief executive of Valtari. Under Riśakarin, the company purchased [[Nuntia]] in 2009, an instant messaging and VoIP social platform. Valtari also rebuilt WorkSpaces from the ground up with [[WorkSpaces X]],, offering a suite of productivity software, collaboration and cloud-based services. Valtari became the first software company in Caphiria to reach $1 billion in annual revenue in 2010. In 2011, Valtari acquired Electron, a consumer electronics retailer, for $8.4 billion. | On January 20, 2006, [[Kiravia|Kiravian]] businessman and entrepreneur [[Vidor Riśakarin]] was named the next chief executive of Valtari. Under Riśakarin, the company purchased [[Nuntia]] in 2009, an instant messaging and VoIP social platform. Valtari also rebuilt WorkSpaces from the ground up with [[WorkSpaces X]],, offering a suite of productivity software, collaboration and cloud-based services. Valtari became the first software company in Caphiria to reach $1 billion in annual revenue in 2010. In 2011, Valtari acquired Electron, a consumer electronics retailer, for $8.4 billion. | ||
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== History == | == History == | ||
=== Founding: 1978 === | |||
The late 1970s were marked by feverish development and competition in the realm of personal computers, infamously coined the [[History of computing in Urcea#PC Wars|PC Wars]]. On 24 July 1977, [[Urcea|Urcean]] technology company [[ITM]] debuted its Blue model, which was the personal computer with a graphical user interface. Sarino Antellion and Călian Veschertio met each other at Marellon University where they were pursuing programming but were enamored by the technological surge in Urcea. The pair moved to [[Urceopolis]] in the fall of 1978 and enrolled at [[Collegium Scientificum#St. John's University|St. John's University]] of the [[Collegium Scientificum]]. While they were initially drawn to Urcea for academic pursuits, the buzz around the ITM Blue and the burgeoning PC market made them realize the vast untapped potential in software development for these machines. The duo recognized that while the hardware was evolving rapidly, the software ecosystem was still in its infancy. They believed that the real revolution would be driven not just by the machine but by what the machine could do – the software it ran. | |||
With limited resources but unbridled passion, they founded Valtari Technologies on Christmas Eve 1978. They initially operated out of their dorm, programming in their spare time. Their first project was an operating system tailor-made for the ITM Blue, which they named ValtariumDOS (VDOS). Unlike the rudimentary and often proprietary coding languages that were prevalent, VDOS was designed to be user-friendly, intuitive, and most importantly, open for developers. Although it struggled at first, gaining international attention for its advanced features but not necessarily sales, it laid the groundwork for what was to come. The breakthrough for Valtari came when they introduced a suite of software tools specifically designed for VDOS. This suite - called Valtari WorkSpaces - enhanced the capabilities of the ITM Blue, offering features like advanced word processing, spreadsheet calculations, and even rudimentary graphics design tools – things that were unheard of in the personal computing world of the time. | |||
ITM Blue users were eager to get their hands on Valtari's software, which unlocked the full potential of their machines. The demand was such that Antellion and Veschertio had to move their operations to a larger office and rapidly expand their team. Antellion dropped out of university but Veschertio finished his education. The rapid success of Valtari caught the attention of bigger players in the market, including ITM itself. ITM, having witnessed Valtari's meteoric rise and the potential it unlocked for ITM Blue users, filed a series of lawsuits alleging that Valtari had infringed on various patents held by ITM. One of the primary contentions was the alleged similarity between Valtari's VDOS and an early prototype software that ITM had shelved years ago. These cases, collectively known in the tech world as the "VDOS Litigations", grabbed headlines and brought considerable tension between the two tech giants. | |||
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In 1993, Valtari purchased Codicis, an e-book and audiobook distribution service. Over an 8 year span, the company went on an aggressive acquisition spree and purchased 11 companies | |||
On August 19, 1988, Valtari announced the VID Framework, an alliance with [[Kiravia|Kiravian]] software company [[IXCO Digital]]. VID's purpose was to create a unified, open-source digital framework for software and hardware products and provide interoperability globally. The VID Framework revolutionized the tech industry, with other companies and developers quickly adopting it as a universal standard. | |||
== Organization == | == Organization == | ||