Tieto
 |
|
| Julkinen osakeyhtiö | |
| Traded as | Nasdaq Helsinki: TIE1V |
| Industry | IT services, IT consulting |
| Founded | 1968 |
| Headquarters | Helsinki, Finland |
|
Key people
|
Markku Pohjola (Chairman), Kimmo Alkio (President and CEO) |
| Services | IT, business consulting and outsourcing services |
| Revenue |
 €1.460 billion (2015)
|
 €125.2 million (2015)
|
|
| Profit |
€90.5 million (2015)
|
| Total assets |
€1.086 billion (end 2015)
|
| Total equity |
€482.9 million (end 2015)
|
|
Number of employees
|
13,083 (FTE, end 2015)
|
| Website | www.tieto.com |
Tieto Oyj (until April 2009 TietoEnator) is an IT software and service company providing IT and product engineering services. Active in more than 20 countries with approximately 13,000 employees, Tieto is one of the largest IT service providers in Europe. Tieto is domiciled in Helsinki, Finland, and the company's shares are listed on the NASDAQ OMX Helsinki and .
The company provides services to the following industry groups: financial services; public, healthcare & welfare; industrial and consumer services. Service lines are technology services and modernization, industry solutions including data-driven businesses organized independently of other businesses; Business Consulting and Implementation; Product Development Services.
At the end of 2015, the number of full-time employees was over 13,000 in more than 20 countries. 28% is located in Finland, 19% in Sweden, 17% in India, 15% in Czech Republic, 5% in Latvia, and the rest spread across other countries. 28% of the employees worldwide are women. Net sales by country was Finland 47%, Sweden 36%, and International 17%. As of 2014, 42.7% of Tieto's shareholders are Finnish and 3% are Swedish.
Tieto started its business operations in Espoo, 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), its customers and a few forestry companies.
The customer base of the company grew during the 1970s to represent several other 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. The company's name was changed to Tieto in 1998. In 1999, Tieto and the Swedish Enator corporation merged to form TietoEnator.
On 1 December 2008, the company re-launched the corporate brand and marketing name Tieto (which means knowledge in Finnish). The official registered name became Tieto Corporation, and the corporation is led from its Helsinki headquarters. The President and CEO of Tieto is Kimmo Alkio, as of November 2011.
In Tieto’s 1–12/2014 interim report, the company defined its future high growth offerings and investments in other key services:
Investments in future high-growth offerings
...
Wikipedia