Sulake

Sulake (Finnish pronunciation: [ˈsulɑke]), is a Finnish social entertainment company.

History

In its early days, Sulake developed and experimented with an open source Java based GNU called FUSE Light, an alternative to Macromedia's Flash. The key difference between the two technologies was that FUSE Light was designed to run on any operating system, while Flash was limited to just Mac OS and Windows. This technology was first demonstrated on Sulake's Mobiles Disco, but it soon came to use on the beta versions of Habbo.

In March 2011, Sulake reported that revenue was up more than 20 percent over 2009, resulting in sales of €56.2 million ($78.7 million). Sulake’s EBITDA in 2010 totaled €5.4 million ($7.6 million, 9.5 percent of revenue) and thus significantly improved from the previous year (€0.6 or $0.8 million). Net profit was €1.6 million ($2.3 million). Sulake has also been playing an active role in assisting the police in investigations connected to the theft of online furniture.

In September 2011, Sulake announced Paul LaFontaine as new CEO as the original management team left the company.