TietoEnator

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TietoEnator
Image:TietoEnatorlogo2.jpg
Type Public
Founded 1999
Headquarters Espoo, Finland
Key people Matti Lehti (Chairman of the board), Pentti Heikkinen (President and CEO)
Industry IT services
Products IT and network services for industry
Revenue €1.682 billion (2005)
Employees 15,001 (Personnel on 31 December)
Website http://www.tietoenator.com/

TietoEnator is an international software development company.

Active in more than 25 countries with over 15,000 experts, TietoEnator is one of the largest IT services providers in Europe.

The company has principal focus areas in the fields of banking & insurance, telecom & media, healthcare & welfare, forest & energy as well as government (in Finland), manufacturing and retail.

TietoEnator's shares are listed on the Helsinki Stock Exchange and Stockholm Stock Exchange.

Contents

[edit] History

[edit] Founding

TietoEnator Corporation was formed by the combination of Tieto Corporation in Finland and Enator AB in Sweden on 7 July 1999. After the merger TietoEnator has strengthened its expertise of the chosen industries for instance by the following acquired IT service companies and outsourced IT units.

[edit] Some highlights

A few month after merging, TietoEnator started its expansion with making the acquisition of companies all over Europe in areas and industries like energy, healthcare, manufacturing, banking and insurance, retail, telecom, utilities and media.

Date Company Country
May 2000 MAS GmbH
October 2000 European Medical Solutions Group
February 2001 Rautaruukki, Information Systems Unit
May 2001 Softema
June 2001 Tietokesko
July 2001 TietoEnator ISS
October 2001 Nokia Networks
December 2001 Parcomp
January 2002 Sampo Group
April 2002 Ementor Financial Systems
June 2002 Lietuvos Telekomas
September 2002 Majiq
October 2002 Sykora
November 2002 Ericsson
January 2003 YLE Broadcasting Company
July 2003 KPMG Consulting
August 2003 TeliaSonera
December 2003 Inveos AG
January 2004 Ki Consulting & Solutions AB
January 2005 S.E.S.A.
January 2005 ITB
March 2005 Pentec Ltd
April 2005 ERP-Geschäfte der CSC Austria
July 2005 AttentiV
September 2005 IT Alise
December 2005 Waldbrenner AG
May 2006 Telenor Business Consulting
June 2006 RTS Networks Ltd.
August 2006 Topas Consulting GmbH
September 2006 Laps Care AB
September 2006 Cymed AG
January 2007 BenQ Mobile R&D in Wroclaw


[edit] Currently

[edit] Operating countries

TietoEnator operates in over 25 countries : Austria, Belgium, Canada, China, Czech, Denmark, Estonia, Finland, France, Germany, India, Indonesia, Italy, Latvia, Lithuania, Malaysia, the Netherlands, Norway, Poland, Portugal, Russia, Singapore, Slovakia, Sweden, Ukraine, the United Kingdom and the USA.

In December 2005, its main clients are: in Finland (46% turnover), in Sweden (31%), in Germany (6%), in Norway (5%), in Denmark (3%), in the UK (2%) and in France (1%). (Source: TietoEnator annual review 2005)

[edit] Human capital

  • Around 16 001 employees work for TietoEnator
  • 32% are women and 68% men.
  • The average age is 40,2 years old.

[edit] Objectives

TietoEnator’s long-term targets are:

  • Top line growth of 20%
  • Operating profit margin (EBIT) to exceed 13%
  • Each business area to create shareholder value
  • The employer preferred by IT professionals


[edit] Activities and expertises

[edit] Industry expertises

In the area of Telecom, automobile and media, TietoEnator provides R&D and value-added IT services, consulting, services manufacturing, development of technology and systems.

TietoEnator is the leading Nordic IT supplier for Healthcare and welfare. It supports welfare and healthcare by digitising welfare and hearlthcare services and promoting seamless service chains.

TietoEnator is the leading strategic IT partner in developing, integrating and hosting front-runner information technology systems for pulp, paper, paperboard, mechanical forest industry and other forest operations companies.

TietoEnator helps retailers and logistics companies to develop the effectiveness and efficiency of their customer relations, demand chain, supply chain and store operations.

The Manufacturing solutions portfolio represents TietoEnator’s deep industry expertise (over hundreds of projects). The solutions are pre-packaged & pre-integrated combinations of services, products, processes and methods.

  • Digital innovations

The Digital Innovations unit in TietoEnator develops and enhances the digital self-service applications of the company’s customers. Key offerings : Business process integration, Content delivery services, Corporate performance management CPM, Digital customer interactions, Enterprise application integration EAI, Enterprise content management, Powerful streaming solutions, Project management PPS.

  • ICT operation management

TietoEnator Processing & Network offers the opportunity to outsource day-to-day ICT operations management activities. Solutions for:

- Providing cost efficient and product-based infrastructure services
- Operating business critical applications or entire application portfolio
- Operating business processes and services that are critical but not core business
  • Global software sourcing

Globalisation of the information technology service production offers new opportunities in terms of more cost efficient production. TietoEnator provides global software sourcing. Customers are always served by local TietoEnator personnel in each country, supported by TietoEnator’s global production organisation.

[edit] Net sales by industry segment, 2005

Industry segment % Nets sales
Telecom & media 33%
Public 20%
Banking and insurance 18%
Retails 5%
Industry 5%
Energy 5%
Forest 5%
Logistics 1%
Non-allocated 8%

[edit] Corporate governance

  • Board of directors:

Matti Lehti, Chairman
Kalevi Kontinen
Anders Ullberg
Mariana Burenstam Linder
Bengt Halse
Olli Martikainen
Olli Riikkala
Jari Länsivuori
Anders Eriksson

  • Executive management:

Pentti Heikkinen, President and CEO


[edit] Financial datas

Year 2005 2004 2003 2002
Net sales (EUR million) 1 681.6 1 525.1 1 374.3 1 271.1
Operating profit EBIT (EUR million) 183.3 162.7 102.7 99.8
Operating margin, % 10.9 10.7 7.5 7.9

[edit] Stock market

[edit] Shareholders

29% of TietoEnator’s shareholders are Finnish and 20% are Swedish.

[edit] Share data

TietoEnator’s shares are listed on the OMX Helsinki Stock Exchange and Stockholm Stock Exchange.

It’s also a member of the following indices:

OMX Exchanges Helsinki
Stockholm
ISIN-Code FI0009000277 FI0009000277
List Main List A-list
Sector Others services Information Technology
Value Euro Swedish krona

[edit] External links


 v • d • e 
OMX Helsinki 25 companies of Finland

Cargotec | Elisa | Fortum | Huhtamäki | KCI Konecranes | Kesko | KONE | Metso | M-real | Neste Oil | Nokia | Nokian Tyres | Nordea AB | Orion |
Outokumpu | Outokumpu Technology | Rautaruukki | Sampo | SanomaWSOY | Stora Enso | TeliaSonera AB | TietoEnator | UPM | Wärtsilä | YIT 
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