Tieto
| TietoEVRY
|
|
|---|---|
 |
|
| legal form | Joint stock company (Finland) |
| ISIN | FI0009000277 |
| founding | 1999 (1968) |
| Seat |
 Finland , Helsinki
|
| management | Kimmo Alkio (CEO) Markku Pohjola (Chairman of the Supervisory Board) |
| Number of employees | 24,000 (Jan 1, 2020) |
| sales | 1.523 billion euros (2015) |
| Branch | Information and communication technology |
| Website | www.tietoevry.com |
TietoEVRY (until April 2019 Tieto ) is an IT service company active in IT and product engineering services. With almost 24,000 employees in almost 90 countries, TietoEVRY is one of the largest IT service providers in Europe. TietoEVRY is based in Helsinki, Finland. TietoEVRY is listed on the Stockholm Stock Exchange and was part of the OMX Helsinki 25 index of the Nordic Stock Exchange OMX .
The company provides services in the following areas: automotive, financial services, telecommunications and media, healthcare, forestry, energy, manufacturing, and retail and logistics.
The number of employees at the end of December 2011 was 18,123. The workforce is spread across the following countries: 30% in Finland, 17% in Sweden, 11% in the Czech Republic, 9% in India, 8% in China, 7% in Poland, 5% in Germany and the remaining 13% in the other countries.
Company history
Foundation and history
The company was founded in Espoo , Finland in 1968 under the name Tietotehdas Oy. In the early years, Tietotehdas mainly operated in computer centers. IT systems were mainly developed and maintained for the Union Bank of Finland and its customers, as well as for wood industry companies.
The company's customer base grew in the 1970s and midi computers were introduced alongside the existing mainframe computers. In addition to services and software for mainframes, the development of IT systems was a central part of Tietotehdas' activities. Customers represented various industries and business activities were organized accordingly. In the 1990s, the company grew very rapidly through a series of acquisitions, mergers and strategic alliances. The company name was changed to TT Tieto in 1995 and Tieto in 1998. In 1996 the company significantly strengthened its activities in the telecommunications sector with the takeover of Avancer. In 1999 Tieto and Enator merged to become TietoEnator.
In the 2000s, the IT industry globalized and Tieto increased its international business. Offshore production began in 2004. At the same time, Indian companies began to penetrate the Nordic market and competition became tougher. In 2007 the company embarked on a new course back to Northern Europe. The global reach was retained in selected sectors, such as telecommunications.
On December 1, 2008, the company launched a new corporate brand and name, Tieto (which means "knowledge" in Finnish).
The importance of horizontal businesses and offshore resources is growing and the company is replacing the industry-based structure with a matrix consisting of country organizations, industries and global service areas. Offshore production increased significantly towards the end of the decade.
On January 1st, 2020, a merger with the Norwegian IT company "EVRY" took place. The combined organizations now form a new company called TietoEVRY. The company is one of the largest IT service providers in the Nordics.
Change of President and CEO 2011
In April 2011, Hannu Syrjälä left his position as CEO and Ari Karppinen was appointed CEO of Tieto Corporation. At the same time, the board members initiated a process for the recruitment of a new president and CEO.
After Kimmo Alkio was appointed in July, he took the position on November 1 and resigned from the board at the same time.
TietoEVRY Austria - TietoEVRY in Austria
TietoEVRY Austria currently employs around 200 people in Vienna (headquarters), Linz and Graz. TietoEVRY Austria has also been represented in Austria since 2005 and works on various IT services and solutions: from holistic optimization models to mobile production solutions to the workplace of the future and business intelligence and infrastructure services. TietoEVRY Austria is in partnership with Microsoft, SAP, Genesys and other global companies.
Specializing in mainly four sectors in Austria (production, telecommunications, public sector and energy), TietoEVRY Austria focuses on the following core areas: Customer Experience Management (CEM), SAP, Industry 4.0, Data Driven Business Agile & DevOps Advisory and Digital Transformation. The company's vision is: "We lead our customers easily and comprehensibly into a meaningful digital world."
Current
Strategy 2012–2016
TietoEVRY aims to become the preferred partner in business and IT transformation based on its strong position in the Nordic countries.
It plans to build its competitiveness and future growth through expertise in industries, geographic focus and simplified business operations. TietoEVRY is expanding its expertise to cover IT lifecycle services by investing in consulting and system integration.
Strategic decisions
- Focus on markets in which TietoEVRY can be among the top 3 IT service providers
- Full IT lifecycle service and industry focus as a customer value driver
- Product engineering strives for global opportunities for transformation in the networked world
Financial targets for the 2012–2016 strategy period
TietoEVRY has reviewed its financial goals with an emphasis on profitability versus growth. TietoEVRY aims to achieve the following goals in the 2012–2016 strategy period:
- EBIT margin of 10%
- EPS growth of over 15% (CAGR) as a long-term goal
TietoEVRY worldwide
TietoEVRY has offices in the following countries: Austria , Belgium , Belarus , Canada , China , Czech Republic , Denmark , Estonia , Finland , Germany , India , Indonesia , Italy , Latvia , Lithuania , Malaysia , Netherlands , Norway , Philippines , Poland , Russia , Singapore , Sweden , Ukraine , UK and USA .
Net sales by country: Finland 45%, Sweden 31%, International 24%
In February 2013 it was announced that TietoEVRY intends to withdraw from the business in Northern Europe. Munich-based Aurelius AG takes over the company's activities in Germany and the Netherlands .
Employee
- Approx. 24,000 employees work for TietoEVRY
- 27% are women and 73% men (2011)
Shareholders
40% of the shareholders are Finnish and 17% are Swedish.
Corporate responsibility 2011
Environmental achievements
- TietoEVRY's volume of sustainable IT services increased and the CO 2 reductions from customer services (168,481 tons of CO 2 ) far exceeded their own CO 2 emissions (45,582 tons of CO 2 ).
- In May 2011 a new TietoEVRY data center in Finland won the internationally renowned "Green Enterprise IT" (GEIT) award. The US Uptime Institute's recognition ended up in the "Beyond the Data Center" category.
- In June 2011, TietoEVRY was awarded the highest marks (973 out of 1,000) in TCO Development's Green IT Audit .
- In October 2011, TietoEVRY was added to the Carbon Disclosure Leadership Index (96 points) and the Carbon Performance Leadership Index (performance band A) of the Carbon Disclosure Project .
Social Achievements
- Towards the end of 2011, a new supplier code was created for the current code of conduct. The Supplier Code of Conduct aims to tighten control over suppliers and partners in relation to preventing corruption and strengthening human and labor rights.
- Various social sponsorship activities (both financial and pro bono ) were carried out during the year. One of these projects supported the Unicef "Schools for Africa" program. TietoEVRY has also continued to support the Identity Foundation's mobile learning centers for disadvantaged children in Pune , India.
Economic Achievements
- The total annual turnover rose by 7% to 1.828 billion euros.
- The full year operating result rose to 98.1 million euros.
- The share value rose by 0.84 euros.
- The "customer benefit index" for measuring customer satisfaction rose from 3.26 to 3.71 (scale 1–5)
Fields of activity and expertise
- Bank and insurance
- Telecommunications , automotive and media
- Healthcare
- Forestry , energy , production process
- Retail and logistics
- ICT operation management
Web links
Individual evidence
- ↑ Management on the Tieto website
- ↑ a b Interim Report 4/2014 , Tieto, February 5, 2015
- ↑ Cite press release ( Memento of the original from April 6, 2012 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Cite press release
- ↑ a b tieto.com
- ↑ Aurelius takes over German business from Tieto (in: kma-online.de) ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
- ↑ tieto.com
