The road to implementing and hosting a new Oracle HFM environment at Valmet began in July 2013, at which point the Finnish industrial giant Metso was splitting into two separate companies. After the demerger was approved, Metso Corporation’s Mining and Construction and the Automation businesses formed the continuing Metso Corporation. Simultaneously, a new independent company was formed by the Pulp, Paper and Power business under the name of Valmet Corporation. This led to the separation of a multitude of systems and processes including the building of the new Hyperion environment.
“We had already decided to concentrate our resources on the application side, not on the infrastructure side. There was a possibility that there wouldn’t be enough resources to do both as we didn’t know what resources would be available at the new company,” says Janne Järvinen, Manager Finance & HR Application Services at Valmet Corporation.
The headquarters of Valmet was established in Espoo, Finland. Today, Valmet has a total of 12,000 employees in 33 countries. As a publicly traded company, its shares are listed on the NASDAQ OMX Helsinki.