Inderes Group - Expanding Alma Talent collaboration - SEB
Inderes published yesterday that it has signed an agreement with Alma Talent on expanding their collaboration. Following the agreement, subscribers of digital services of Kauppalehti and Arvopaperi will have access to Inderes analysis reports as part of their subscription. Kauppalehti and Arvopaperi are leading Finnish media focused on economy and investing. In addition to distribution of Inderes analyses, the collaboration includes Stock Investor’s Week event and distribution of listed companies’ result broadcasts via Alma Talent’s channels. Additionally, Inderes’s new press and stock exchange release distribution system will be integrated into Kauppalehti Information Service (KL NYT).
We believe that collaboration is beneficial for the both parties; subscribers of Kauppalehti and Arvopaperi get access to wider range of content. Correspondingly, Inderes can offer its listed company clients greater readership and reach, which we think is an important asset when attracting new clients and negotiating agreements. The other side of the coin is that the agreement may cannibalise investor subscribers on the Inderes platform. However, we note that the revenue stream from investor subscriptions is not material source for Inderes. Also, we understand that Inderes earn some fixed subscription revenue from Kauppalehti.
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Inderes
Inderes operates in the financial industry. The company provides a community platform for investors and listed companies. Via the platform, users can communicate with each other and exchange investment tips. The customers consist of both companies and private individuals. In addition, the company offers analysis services and a basis for investment decisions. The largest operations are in the Nordic region.
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