Valtari

Valtari Technologies, Inc.

Type	Public
Traded as	V
Industry	Information technology
Founded	1978; 54 years ago
Founders	Sarino Antellion Călian Veschertio Ronan Rentius
Headquarters	Venceia , Caphiria
Area served	Worldwide
Key people	Kolm Èvxevma (Chief Executive) Vidor Riśakarin (Strategic Executive Advisor) Erithakur Sarsoveritan (Chairman)
Products	Software development Computer hardware Consumer electronics Social networking service Cloud computing Video games Internet Corporate venture capital
Brands	Thinkpages Nuntia Electron Workspaces X Custodia
Revenue	$1.5 trillion

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 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, 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.

History

Founding: 1978

The late 1970s were marked by feverish development and competition in the realm of personal computers, infamously coined the PC Wars. On 24 July 1977, 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 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 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

Valtari conducts most of its business through three main sectors: Consumer Technologies, Business Solutions, and Security & Identity.

Consumer Technologies

• Social Media and Communication
  • Thinkpages - a leading social media platform which facilitates users to interact and share content, including texts, photos, and multimedia. With features like 'friends', customizable privacy settings, and notifications, it provides an immersive social networking experience. Thinkpages was purchased in 2022 for $97.5 billion in a half-cash, half-stock deal.
  • Nuntia - An integrated instant messaging and VoIP platform, Nuntia caters to both personal and professional communication needs. Its features promote seamless communication, whether through text chats, voice calls, or video conferencing. Nuntia was purchased in 2009 for $2.4 billion in cash.
• Digital Content and Retail
  • Codicis - Valtari's e-book and audiobook distribution service, Codicis offers a vast library of digital content. Its platform is designed for ease of use, allowing users to access and purchase content seamlessly.
  • Electron - Acquired by Valtari in 2011, Electron is a consumer electronics retailer. It provides a wide range of electronic products from various brands, making it a go-to destination for tech enthusiasts and general consumers alike.

Business Solutions

• Productivity and Collaboration
  • WorkSpaces X - Tailored for productivity, WorkSpaces X is a comprehensive software suite that includes word processing, spreadsheet, and presentation tools. Designed for both individual and collaborative tasks, it remains a favorite among professionals seeking efficient software solutions.
  • Legati - Encrypted internal communications system
• Data and Analytics
  • Praedico Analytics - Data visualization and business intelligence software
• Supply Chain and E-commerce Solutions
  • Tractare - Supply chain management and e-commerce platform

Security and Identity

• Custodia - Digital identity verification service
• Custodia Enterprise - An enterprise-level digital identity verification system tailored for large corporations and government entities. Equipped with compliance and facial recognition, fingerprint scanning, and voice match.
• Fidentia - A password manager and digital wallet that uses military-grade encryption.

Corporate affairs

Board of directors

• Erithakur Sarsoveritan, Chairman
• Sarino Antellion, Executive Director
• Călian Veschertio, Executive Director
• Vidor Riśakarin, Executive Director
• Vithek Pasirendev, non-executive director
• Salverno Papolo, non-executive director
• Davran Caescanius, non-executive director
• Siomhe Brenner, non-executive director
• George Haymes, non-executive director

Executive management

The executive management team of Valtari consists of:

• Kolm Èvxevma, Chief Executive
• Vidor Riśakarin, Strategic Executive Advisor
• Ivalerio Antellion, Executive of Operations
• Marcos Perle, Executive of Thinkpages