Tietoevry

The new company would be named TietoEVRY, have over 24.000 employees and generate a projected revenue of over EUR 3 billion for the fiscal year 2020.

[6] On 1 December 2008, the company re-launched the corporate brand and marketing name Tieto (which means knowledge in Finnish).

[8] In June 2019, Tieto paid EUR 1.2 billion for the acquisition of similar-sized IT company EVRY to expand into the Nordic market.

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.

The acquisition was made to strengthen Tieto's position as one of the leading Nordic players in digital Customer Experience Management and to support the company's aim to accelerate growth in this market.

The acquisition was made to support Tieto's objective of becoming the largest IT services provider in the paper and forestry industries in Sweden and Norway.

[13][14] In December 2015, Tieto announced the relocation of its headquarters in Keilaniemi, Espoo, Finland, in space originally built for Nokia and later occupied by Microsoft Mobile.

[15] Since Tieto's rental agreement in Kilo, Espoo, ends in December 2016, the company expects that the move will have both logistical and financial benefits.

It holds accounts for oil and gas ownership for the hydrocarbons based on the production field equity share of every single partner company.

[18] Tieto is providing services for planning, design, customizations and configuration of product installations, and also gives lifecycle support.

[18] Energy Components is also the publicly known naming on the Tieto Norway entity[21] that delivers the EC and PTS/DaWinci products and related services in partnership with the breakaway company Hytracc Consulting.

The product tracks personnel movements and assist platform management at offshore locations in administering the emergency preparedness, the accommodation units and supports the lifeboat allocation and muster drilling.

[23][24][25] Benefits of the product includes updated Personnel On Board information, optimized helicopter utilizations, cost allocation between user companies on shared flights, and adherence to regulatory emergency preparedness functions.

[29] Specific expertise areas offered to customer services are within Banking and insurance; Telecom, automotive and media; Healthcare & welfare; Forest, Energy, Manufacturing; Retail and logistics; Public; ICT operation management.

Tieto also has operations in the Baltics (Estonia, Latvia, Lithuania), Canada, Denmark, Germany, Great Britain, Malaysia, the Netherlands and the United States.

[31] The business in Norway was developed through a series of acquisitions, starting in 1989 when Enator AB acquired the Norwegian IT consulting company ISI AS.

Enator corporation started in 1977 as a consultant firm created to support the Pronator company with software and project management.

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.

[42] On 25 November 2011,[43] there was a hardware failure in one of Tieto's Swedish data centers, which affected approximately 50 of its clients, including Apoteket (a national pharmaceuticals retail firm, for whom e-prescriptions were out of service), Bilprovningen (a Swedish motor vehicle inspection firm, which was forced to perform inspections with manual support), SBAB Bank and the Stockholm Municipality school web site.

[44][45] Kristina Westerlind, Head of Marketing and Communications at Tieto Sweden, commented on the incident to Dagens Nyheter: "It is a hardware failure that is very difficult to predict at this time how long it takes to restore everything to normal.

Tietoevry global headquarters in Keilaniemi, Espoo, Finland, since 2016. Keilalahdentie 2-4, Espoo.
Former company logo
Kimmo Alkio , President and CEO of TietoEVRY Corporation since 2011