Acquisition of Teleste Educational by a group of Finnish Investors. The company's new name is Divace Learning Solutions Ltd. A group of Finnish equity funds Eqvitec Partners Oy, Aboa Venture Management Oy, the Local Governments Pensions Institution and the management of the Educational division have acquired Teleste Educational from its previous owner, Teleste Oyj. Along with the change in the ownership structure, the acquired company's name has been changed to Divace Learning Solutions Ltd. The new owners of Divace Learning Solutions strongly believe that the educational technology market potential, the company's leading position in the market, its unrivalled customer base as well as a wide network of distribution partners and channels create an optimum platform for rapid growth and development. Divace Learning Solutions looks forward to new opportunities this investment arrangement brings and hopes to maintain and build close relationships with its partners and customers worldwide. Eqvitec Partners, who manage the Technology Funds, are a private and independent venture capitalist company specialising in investments in technology companies. They manage funds totalling 270 million Euro and they have invested in over 30 technology companies. Aboa Ventures are a venture capitalist company based in Turku. They have invested in 36 growth companies and manage an investment fund of 25 million Euro. KEVA represent the pension funds of personnel employed in the local government sector in Finland on whose behalf they hold and manage funds totalling in excess of 12 billion Euro. Management comprises Raimo Körkkö, Matti Laakso, Ian McDowall, Kyösti Niemelä and Timo Vasankari. Teleste Corporation divests Educational-business as part of strategic focusing in their core business. Teleste will, however, retain a minority shareholding in the Company which they see as an opportunity to benefit from its future success. "The educational technology market is growing over 15% per year and Teleste Educational is already one of the leading exporters in software industry in Finland. This market potential together with the company's existing distribution partners and channels create an interesting investment opportunity. This investment arrangement opens for Teleste Educational a significant possibility for growth and internationalisation", states Senior Partner Juha Mikkola of Eqvitec Partners.

Divace Oy is approved for ISO 14001 standard (03.09.2003) California State University (CSU), Stanislaus Campus, selects Campiaza ... (19.08.2003) Two new language CD-ROMs from Prentice Hall with Divace Media Assistant (16.05.2003) "Campiaza" - virtual meetings and online learning (16.05.2003) From Digital Stream to TESOL to Bildungsmesse… (25.04.2003) Divace at BETT 2003 (22.01.2003) Digital Stream 2003 Emerging Technologies in Teaching Languages and Culture (14.01.2003) Mr. Jukka Ropponen appointed as CEO of Divace (13.01.2003) Education Guardian Online article: new technologies in language learning (17.12.2002) Turku University Educational Technology Unit, Finland, and Divace Oy enter into collaboration (05.12.2002) The BBC English Zone Video CD-ROMs are NOW available! (18.10.2002) IMPERATA VERSION 4.3 RELEASED (11.10.2002) Divace enters into collaboration with Fujitsu Siemens Computers in Sweden (08.10.2002) Divace Oy at Frankfurt Book Fair (25.09.2002) DIVACE OY Signs a Licencing Agreement with BBC Worldwide (17.06.2002) Meet Divace Oy at EuroCall 2002 in Jyväskylä, Finland (12.06.2002) Divace Oy at World Education Market 2002 (21.05.2002) Divace Oy Signs Key Licensing Agreement with Prentice Hall (06.05.2002) The most advanced multimedia center in South America was presented at the De La Inmaculada school in Peru (17.04.2002) Get Ready2Net on March 21 2002, Produced in partnership with the Digital Stream Conference and CSU Monterey Bay (14.03.2002) Imperata "a must for any multimedia, computer network!" (TES online) (15.01.2002) Education-one and Divace Learning Solutions enter into collaboration (21.12.2001) Acquisition of Teleste Educational by a group of Finnish Investors. The company's new name is Divace Learning Solutions Ltd. (19.12.2001) Educatec 2001 (07.12.2001) Elice conquers the land of Vikings... (07.12.2001) Events in France (05.07.2001) Click-On-It Magazine, Spain, interviews Dave Perkins, Teleste Educational (14.06.2001) Teleste Educational sponsors ED-MEDIA 2001 World Conference on Educational Multimedia, Hypermedia and Telecommunications in Tampere, Finland (07.06.2001) Language learning content for DIVACE/ICM media libraries! (07.06.2001) Teleste Educational Signs Key Licensing Agreement with Linguaphone Group Plc (11.01.2001) Photos from Teleste Educational stand at Comdex (20.11.2000) Teleste Educational, Ltd. and Concurrent Computer Corporation Sign Key Partnership Agreement (16.11.2000) Teleste Educational, Ltd. and Compaq's GEM Division Sign Major Marketing Cooperative Agreement (31.10.2000) How to get the most out of digital language labs: University Business Magazine publishes an article about Teleste-CSU cooperation (25.10.2000) Divace - Not Your Everyday Media Player-Recorder (15.08.2000) Teleste Educational, Ltd. and California State University Announce Partnership Agreement to Develop a Web-based Virtual Interactive Language Laboratory (17.05.2000) Rocket Download awards top 5 smileys to DIVACE Lite (14.03.2000) DIVACE LITE rated 5 cows by TUCOWS (13.03.2000) ISO 9001 Certificate of Conformity (09.03.2000) Tandberg Educational at BETT 2000 (22.02.2000) New language centre installations in Germany (22.02.2000) Photos from ACTFL'99 in Dallas, USA (22.02.2000) Have you already visited our new www.divace.com site? (17.02.2000) June 23rd 1999 Teleste Educational received ISO 9002 certificate (17.02.2000)