Valtari: Difference between revisions

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 1985, Urcean executive [[Ronan Rentius]] joined Valtari as its first outside chief executive. Under his leadership, the company released the Valtari-M in 1987, its first personal computer alongside Valtari WorkSpaces, a suite of office productivity tools. The Valtari-M became a best seller and one of the first mass-produced PCs. The company went public in 1988 and achieved instant financial success. In the mid 90s, Valtari - still under Rentius' leadership, experienced significant growth, thanks in part to its dominant position in the PC software market. In 1993, Valtari became the first software company to reach $1 billion in annual revenue; by 1998 the company reached $16.4 billion in revenue. During the 2000s, Valtari made numerous acquisitions and began to diversify into hardware and services. On 3 January 2006, Rentius abruptly resigned amid rumored misconduct allegations.   

On 28 January 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 as [[WorkSpaces X]], offering a full suite of productivity software, collaboration and cloud-based services. In 2010, Valtari reached $45 billion in annual revenue. In 2014, Valtari acquired Electron, a consumer electronics retailer, for $28 billion.