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Tietoevry Oyj, Tietoevry Corporation, (Tieto prior to Jun 2019) is a Finnish IT software and service company providing IT and product engineering services. Tietoevry is domiciled in Espoo,
Finland
Finland ( fi, Suomi ; sv, Finland ), officially the Republic of Finland (; ), is a Nordic country in Northern Europe. It shares land borders with Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of B ...
, and the company's shares are listed on the
NASDAQ OMX Helsinki,
NASDAQ OMX Stockholm
Nasdaq Stockholm, formerly known as the Stockholm Stock Exchange ( sv, Stockholmsbörsen), is a stock exchange located in Frihamnen, Stockholm, Sweden. Founded in 1863, it has become the primary securities exchange of the Nordic countries. As o ...
and
Oslo Stock Exchange
Oslo Stock Exchange ( no, Oslo Børs) (OSE: OSLO) is a stock exchange within the Nordic countries and offers Norway’s only regulated markets for securities trading today. The stock exchange offers a full product range including equities, deriv ...
. Tietoevry has approximately 24,000 employees across 20 countries, and has customers in the energy, forestry, banking, and healthcare sectors.
History
Tietotehdas, TT Tieto and Tieto in Finland (1968–1999)
Tieto started its business operations in
Espoo
Espoo (, ; sv, Esbo) is a city and municipality in the region of Uusimaa in the Republic of Finland. It is located on the northern shore of the Gulf of Finland, bordering the cities of Helsinki, Vantaa, Kirkkonummi, Vihti and Nurmijärvi ...
, Finland in 1968 under the name Tietotehdas Oy. During the company's first years, it developed and maintained IT systems mainly for the Union Bank of Finland (''Suomen Yhdyspankki'', today
Nordea) and its customers, as well as a few forestry companies.
The customer base of the company grew during the 1970s, when mini-computers were introduced alongside the existing mainframe computers. Besides mainframe computer services and software, the development of IT systems was also central to the operations of Tietotehdas. Customers represented several industries and operations were organized according to these verticals. During the 1990s, the company experienced rapid growth through a number of acquisitions, mergers and strategic alliances.
In December 1995, Tietotehdas acquired the Finnish state computer centre (VTKK-Yhtymä Oy). The new company was named TT Tieto Oy.
In 1996, the company strengthened its exposure in the telecom sector considerably through the acquisition of Avancer. The company's name was changed to Tieto Corporation Oyj in 1998.
Enator in Sweden, Denmark, Norway and Finland (1977–1999)
Enator corporation started in 1977 as a consultant firm created to support the Pronator company with software and project management.
[
In 1989, Enator AB acquired the Norwegian IT consulting company ISI AS.
In 1990, Enator merged with Modulföretagen and adopted its logo. Enator grew to approximately 650 consultants in Sweden, Denmark, Norway and Finland. In 1993 it was included in the AxData group as a stand-alone company but was sold to Celsius in 1995. The subsidiary's name, Enator, was applied to the whole group in 1995, when Celsius AB, a publicly traded Swedish company, merged the IT operations it had acquired between 1991 and 1994.][
In spring 1996, the corporation was listed on the Stockholm Stock Exchange under the name of Enator.][
Until 1994, there were IT operations in three separate subsidiaries: Telub, Enator and Dialog.][Enators historia]
retrieved 15 March 2013 The merger of the three subsidiaries led to a restructuring program in 1997.[
During 1998, Enator conducted a series of acquisitions to strengthen the company's public sector exposure. The company acquired 51% of shares in the Stockholm-based consulting firm Programmera. In addition, the company acquired two small IT companies – Kvatro Telecom in Trondheim, Norway, and Soft Project in Hamburg, Germany – and divested from operations in Enator Telecom Mechanics. In April 1999, Enator acquired NetDesign in Denmark. After the Enator–Tieto merger in July 1999, the Enator brand was discontinued.][
]
TietoEnator (1999–2007)
In 1999, Tieto and Enator corporation merged to form TietoEnator after Tieto made a public buyout offer for Enator. Sixty-eight per cent of TietoEnator’s share capital was transferred to Tieto’s shareholders. Finland was chosen as the base for the new company, and Tieto’s CEO, Matti Lehti, was selected to head the company. The new company became one of the largest ICT companies in Europe: it had 10,335 employees and revenue of approximately 6.5 billion Finnish markka
The markka ( fi, markka; sv, mark; sign: Mk; ISO code: FIM, typically known outside Finland as the Finnish mark) was the currency of Finland from 1860 until 28 February 2002, when it ceased to be legal tender. The mark was divided into 100 pe ...
s.
Significant acquisitions included Ementor Financial Systems in February 2002,[ Dagens Næringsliv Morgen ]
TietoEnator øker i Norge etter oppkjøp
' 26 July 2002 p. 20, retrieved 11 March 2013 followed by DaWinci Services AS in December of that year.[TietoEnator Press release ]
TietoEnator acquires the oil & gas industry solution DaWinci
' December 19, 2002, retrieved 11 March 2013 The latter acquisition provided control over the offshore
Offshore may refer to:
Science and technology
* Offshore (hydrocarbons)
* Offshore construction, construction out at sea
* Offshore drilling, discovery and development of oil and gas resources which lie underwater through drilling a well
* Off ...
Personnel Transportation & Tracking Solution, giving Tieto Norway a 100% market share of systems for operating the Norwegian Continental Shelf personnel movements.[Tieto.com website product presentation ]
Multi-Company Personnel Transportation & Tracking Solution (PTS MC)
'' Retrieved 11 March 2013
In 2005, the Western Norway Regional Health Authority
Western Norway Regional Health Authority ( no, Helse Vest RHF) is a state-owned regional health authority responsible for operating the hospitals in the counties of Rogaland and Vestland in Norway. Based in Stavanger the authority operates five ...
, Norwegian Helse Vest RHF, signed an agreement with TietoEnator Norway for the delivery of a system for Electronic health records.[digi.no article ]
Helse Vest til søksmål mot TietoEnator
' Retrieved 11 March 2013 By the end of 2007, Helse Vest RHF concluded its customer relationship with the company and announced a lawsuit
-
A lawsuit is a proceeding by a party or parties against another in the civil court of law. The archaic term "suit in law" is found in only a small number of laws still in effect today. The term "lawsuit" is used in reference to a civil actio ...
against TietoEnator because they did not think it was able to deliver, and claimed compensation from TietoEnator. The Southern Norway Regional Health Authority, Helse Sør, experienced that their frame agreement from 2004 made no deliveries, and was considering legal actions against TietoEnator Norway.[idg.no article ]
Kaster ut Tietoenator
' Retrieved 11 March 2013
Tieto (2009–2018)
TietoEnator was officially renamed Tieto Corporation in 2009. Tieto means knowledge
Knowledge can be defined as awareness of facts or as practical skills, and may also refer to familiarity with objects or situations. Knowledge of facts, also called propositional knowledge, is often defined as true belief that is distinc ...
in Finnish. The corporation was led from its Helsinki headquarters. Starting from year 2009, Tieto went with an aggressive strategy of offshore production, reaching up to the end of the decade.
The CEO, Hannu Syrjälä, resigned in April 2011. In July, Kimmo Alkio, CEO of F-Secure, was appointed as his successor.
On 25 November 2011, there was a hardware failure in one of Tieto's Swedish data centers, which affected approximately 50 of its clients, including Apoteket
Apoteket AB is a state-owned pharmaceuticals retailer in Sweden which formerly held a monopoly on the retail sale of medicines in the country. Formerly known as Apoteksbolaget, the company is a government owned enterprise reporting to the Ministry ...
, Bilprovningen, SBAB Bank and the Stockholm Municipality
Stockholm Municipality or the City of Stockholm ( sv, Stockholms kommun or ) is a municipality in Stockholm County in east central Sweden. It has the largest population of the 290 municipalities of the country, but one of the smallest areas, maki ...
school web site.[nutopia.se -]
sänker Apoteket, Bilprovningen, SBAB Bank med flera
Retrieved 15 February 2013 On 30 November, Tieto services for Apoteket and SBAB were recovered and operational again. By 13 December, virtually all services were back to normal operations. On 22 February 2012, the Swedish Civil Contingencies Agency
The Swedish Civil Contingencies Agency ( sv, Myndigheten för samhällsskydd och beredskap, ) is a Swedish administrative authority, organised under the Ministry of Justice. The agency is responsible for issues concerning civil protection, public ...
published the report on ''Reflections on community safety and preparedness for serious IT incidents'' In March 2012, Tieto released a report investigating the incident.
In June 2015, Tieto signed an agreement to acquire Software Innovation, a software company in the Enterprise Content Management (ECM) business in the Nordic countries.
In November 2015, Tieto acquired Imano AB, a Swedish consulting company offering consulting and digitalization services to paper and forestry industries.
In December 2015, Tieto signed an agreement to acquire Smilehouse, the largest Finnish solution provider of multichannel commerce with operations primarily in Finland and Sweden.
In 2016, Empathic Building technology was introduced at Tieto’s head office in Espoo. The technology can track attributes such as people flows and the occupancy rate of premises. Various sensors and displays allow employees to see where they can find free workstations and their colleagues and enable them to choose a workstation based on factors such as temperature and noise. The building was awarded the platinum rating under the Leadership in Energy and Environmental Design
Leadership in Energy and Environmental Design (LEED) is a
green building certification program used worldwide. Developed by the non-profit U.S. Green Building Council (USGBC), it includes a set of rating systems for the design, construction ...
certification system. In October 2020, the Empathic Building technology was sold to Haltian.
EVRY in Norway and Sweden (2010–2019)
EVRY's history started as EDB ErgoGroup ASA that was formed in 2010 with the merger of EDB Business Partner and ErgoGroup. Telenor
Telenor ASA ( or ) is a Norwegian majority state-owned multinational telecommunications company headquartered at Fornebu in Bærum, close to Oslo. It is one of the world's largest mobile telecommunications companies with operations worldwide, ...
owned most of the shares of ErgoGroup. The company subsequently changed its name to EVRY ASA in April 2012.
In March 2015, Apax Partners
Apax Partners LLP is a British private equity firm, headquartered in London, England. The company also operates out of six other offices in New York, Hong Kong, Mumbai, Tel Aviv, Munich and Shanghai. As of December 2017, the firm, including its ...
became the majority owner of the company, a new board was appointed and it decided to apply for a de-listing from the stock exchange. On 29 October 2015, the company was delisted from the Oslo Stock Exchange
Oslo Stock Exchange ( no, Oslo Børs) (OSE: OSLO) is a stock exchange within the Nordic countries and offers Norway’s only regulated markets for securities trading today. The stock exchange offers a full product range including equities, deriv ...
. In August, following the loss of a contract with Norwegian bank DNB, EVRY announced it would lay off 500–550 workers in Norway and Sweden
Sweden, formally the Kingdom of Sweden,The United Nations Group of Experts on Geographical Names states that the country's formal name is the Kingdom of SwedenUNGEGN World Geographical Names, Sweden./ref> is a Nordic country located on ...
to increase profits, saving 400–500 million Norwegian krone
The krone (, abbreviation: kr (also NKr for distinction); code: NOK), plural ''kroner'', is currency of the Kingdom of Norway (including Svalbard). Traditionally known as the Norwegian crown in English. It is nominally subdivided into 100 ''Ã ...
s. In October 2015 it announced the transfer of a further 600 employees to IBM in an outsourcing deal worth 1 billion dollars.
Tietoevry (2019 to present)
The merger of EVRY, a Norwegian company, into Tieto was announced in June 2019.[ The intention was to expand on the Nordic market. The new company was named as Tietoevry, having over 24.000 employees and an estimated revenue of over 3 billion euros for the fiscal year 2020. In addition to cash compensation, EVRY’s shareholders received 37.5 per cent of the shares in the new company. Tomas Franzén, a member of Tieto’s board of directors, was appointed chair of Tietoevry’s board, and Tieto’s CEO, Kimmo Alkio, was selected to head the new company. The acquisition made Apax Partners the largest shareholder in TietoEVRY, with a stake of approximately 20 per cent.] The merger was concluded on 5 December 2019, and the shares were floated on the Oslo stock exchange on the same date. Tietoevry’s shares are listed also on the Helsinki and Stockholm stock exchanges.[
In August 2020, the Legal Register Centre of Finland signed a procurement agreement worth 10 million euros with Tietoevry. In October, Tietoevry made an agreement worth nearly 30 million euros with the City of ]Västerås
Västerås ( , , ) is a city in central Sweden on the shore of Mälaren, Lake Mälaren in the province of Västmanland, west of Stockholm. The city had a population of 127,799 at the end of 2019, out of the municipal total of 154,049.
Västerås ...
in Sweden. In November, it made an agreement worth 10 million euros with Stockholm
Stockholm () is the Capital city, capital and List of urban areas in Sweden by population, largest city of Sweden as well as the List of urban areas in the Nordic countries, largest urban area in Scandinavia. Approximately 980,000 people liv ...
.
Organization
Tietoevry’s main office is Keilaniemi, Espoo.[ Tietoevry’s CEO is Kimmo Alkio while the chair of the board of directors is Tomas Franzén.
In spring 2020, 4,600 of the company’s employees were based in Sweden, 4,400 were in Norway, 4,200 were in India, and 3,200 were in Finland.][
In 2022, the company was divided into six operating segments:
*Tietoevry Create (Digital consulting)
*Tietoevry Connect (Cloud services and infrastructure solutions)
*Tietoevry Industry (Industrial software)
*Tietoevry Banking (Financial services solutions)
*Tietoevry Care (Healthcare and related products and services)
*Tietoevry Transform (International operations)
Tietoevry ’s shares are listed on the Helsinki, Stockholm and Oslo stock exchanges.][ On 31 July 2021, Tietoevry’s largest shareholders were Solidium Oy, ]Ilmarinen Mutual Pension Insurance Company
Ilmarinen (), the Eternal Hammerer, blacksmith and inventor in the ''Kalevala'', is a god and archetypal artificer from Finnish mythology. He is immortal and capable of creating practically anything, but is portrayed as being unlucky in love. He i ...
, Elo Mutual Pension Insurance Company
Elo or ELO may refer to:
Music
* Electric Light Orchestra, a British rock music group
** The Electric Light Orchestra (album), ''The Electric Light Orchestra'' (album), the group's debut album
** ''ELO 2'', the group's second album
* ELO Part II ...
, The State Pension Fund and Nordea funds.
Partners
Tietoevry collaborates with Microsoft
Microsoft Corporation is an American multinational technology corporation producing computer software, consumer electronics, personal computers, and related services headquartered at the Microsoft Redmond campus located in Redmond, Washing ...
in public cloud services. They also have a joint training programme in which thousands of Azure
Azure may refer to:
Colour
* Azure (color), a hue of blue
** Azure (heraldry)
** Shades of azure, shades and variations
Arts and media
* ''Azure'' (Art Farmer and Fritz Pauer album), 1987
* Azure (Gary Peacock and Marilyn Crispell album), 2013
...
professionals are certified for Tietoevry.
Products and services
Tietoevry provides its customers with cloud services, IT services and systems that it also develops and maintains. It also offers services such as financing.[
Tietoevry’s customers operate in numerous sectors, including the health care, banking, forestry industries in Europe and around the world.]
In spring 2020, Tietoevry held a market share of approximately 20 per cent in Finland, more than 20 per cent in Norway, and 14 per cent in Sweden. Its customers included tyre company Goodyear, payment services company Getswish, insurance company Folksam
Folksam is one of the largest insurance companies in Sweden. The company headquarters are located in Stockholm. Folksam consists of the two mutual insurance companies Folksam sak and Folksam liv. Folksam is today a Swedish insurance company only, a ...
, Norwegian ministries and the City of Stockholm. In Finland, the company’s customers included Lassila & Tikanoja
Lassila (Finnish), Lassas (Swedish) is a neighborhood in western Helsinki, Finland
Finland ( fi, Suomi ; sv, Finland ), officially the Republic of Finland (; ), is a Nordic country in Northern Europe. It shares land borders with S ...
, Suominen
Suominen is a Finnish surname meaning "Finland". Notable people with the surname include:
* Ilkka Suominen (1939–2022), Finnish politician
* Kim Suominen (born 1969), Finnish footballer
* Tuomas Suominen (born 1984), Finnish ice hockey player
...
and Ahlstrom-Munksjö
Ahlstrom-Munksjö Oyj (Business name: Ahlstrom) is a manufacturer of fiber-based products. Renewable fibers represent about 95% of Ahlstrom's total fiber use.
Ahlstrom operates in Europe, North and South America as well as in Asia. Most producti ...
.
Tietoevry supports the Tietoallas service and Terveyskylä project for the Hospital District of Helsinki and Uusimaa. The company is piloting biometric payment cards with OP Financial Group. Among other clients, the company acts as the cloud and infrastructure service provider to the Ilmarinen Mutual Pension Insurance Company.
Social responsibility
Tietoevry and Wärtsilä
Wärtsilä Oyj Abp (), trading internationally as Wärtsilä Corporation, is a Finnish company which manufactures and services power sources and other equipment in the marine and energy markets. The core products of Wärtsilä include technol ...
are among the founding members of the Committed Energy group. This forum, set up in 2018, works towards clean energy. In December 2020, Tietoevry made it onto the A List of the CDP organisation, which assesses the climate and environmental actions of companies. The company had been most successful in preventing climate risks. The companies on the A List are ones that have set ambitious environmental and climate goals, disclose them transparently and take them into consideration in their operations. The CDP assessed a total of 5,800 companies, five per cent of which made it onto the A List.
In February 2021, Tietoevry was ranked first in a study conducted by Talouselämä
''Talouselämä'' (Finnish: ''Economic Life'') is a Finnish language weekly financial and business magazine published in Helsinki, Finland. It has been in circulation since 1938.
History and profile
''Talouselämä'' was established by Finnish b ...
to compare the 40 companies in the Helsinki Stock Exchange’s Sustainability Index against four criteria measuring valuation and returns.
The company has developed a font known as The Polite Type in collaboration with professionals from the Finnish Children and Youth Foundation. The font is based on open source code
Open-source software (OSS) is Software, computer software that is released under a Open-source license, license in which the copyright holder grants users the rights to use, study, change, and Software distribution, distribute the software an ...
and replaces terms of abuse with neutral word choices.
See also
*Tieto Keilalahti Campus
Tieto Keilalahti Campus/Microsoft Talo (formerly named Nokia House) is the head office building of Tieto and Microsoft Finland, located in Keilaniemi, Espoo, just outside Helsinki, the capital of Finland.
History
The campus was built between 19 ...
References
External links
*
{{Authority control
Companies based in Espoo
Companies listed on Nasdaq Helsinki
Software companies of Finland
Information technology consulting firms of European countries
ICT service providers
Software companies established in 1968
Finnish brands
Companies listed on Nasdaq Stockholm
Computer companies of Finland
Consulting firms established in 1968
Finnish companies established in 1968