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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. Under his leadership, the company released the Valtari-1000, a custom ITM Blue machine that came with Valtari WorkSpaces, a suite of office productivity tools aimed at office professionals. 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. 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. In the early 1990s, Valtari - still under Rentius' leadership, experienced significant growth, thanks in part to its dominant position in the PC software market. 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 additional companies. On 3 January 2006, Rentius resigned amid rumored misconduct allegations. | 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. Under his leadership, the company released the Valtari-1000, a custom ITM Blue machine that came with Valtari WorkSpaces, a suite of office productivity tools aimed at office professionals. 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. 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. In the early 1990s, Valtari - still under Rentius' leadership, experienced significant growth, thanks in part to its dominant position in the PC software market. 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 additional companies. 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 | 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. | ||
Today, Valtari is one of the largest technology companies in the world and is considered one of the Big Three tech firms in Caphiria, alongside [[Petalstone Electronics]] and [[Arpal]]. In 2019, Kolm Èvxevma succeeded Riśakarin as Chief Executive, with Riśakarin's taking the title Strategic Executive Advisor. Co-founders Sarino Antellion and Călian Veschertio, with Riśakarin, remain employees, board members, and controlling shareholders of Valtari. | Today, Valtari is one of the largest technology companies in the world and is considered one of the Big Three tech firms in Caphiria, alongside [[Petalstone Electronics]] and [[Arpal]]. In 2019, Kolm Èvxevma succeeded Riśakarin as Chief Executive, with Riśakarin's taking the title Strategic Executive Advisor. Co-founders Sarino Antellion and Călian Veschertio, with Riśakarin, remain employees, board members, and controlling shareholders of Valtari. | ||