TietoEnator
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| TietoEnator | |
|---|---|
 |
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| Type | Public (OMX: TIE1V) |
| Founded | 1999 |
| Headquarters | Espoo, Finland |
| Key people | Matti Lehti (Chairman of the board), Hannu Syrjälä (President and CEO) |
| Industry | IT services |
| Products | IT and network services for industry |
| Revenue | €1.772 billion (2007)[1] |
| Operating income | ▲ €1.3 million (2007)[1] |
| Employees | 15,590 (2007)[1] |
| Website | www.tietoenator.com |
TietoEnator is an international software development company based in Finland.
Active in more than 25 countries with close to 17 000 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.
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[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 in chosen industries, for instance by acquiring IT service companies and outsourced IT units.
[edit] Takeover offer
TietoEnator received an unsolicited offer to acquire the company from the private equity firm Nordic Capital on 20 March 2008.[2] The formal offer, valuing TietoEnator at approximately €1.1 billion, was launched on 1 April, but was rejected by the company's board of directors, which stated that the price is insufficiently high.[3]
[edit] Currently
[edit] Operating countries
TietoEnator operates in over 25 countries: Austria, Belgium, Belarus, Canada, China, Czech Republic, 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 2006, its main clients are: in Finland (46%), in Sweden (31%), in Germany (6%), in Norway (5%), in Denmark (3%), in the UK (2%) and in France (1%). (Source: TietoEnator annual review 2006)
[edit] Human capital
- Around 15,000 employees work for TietoEnator
- 29% are women and 71% men.
- The average age is 40.5 years.
[edit] Activities and expertises
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[edit] Industry expertises
- Telecom, automotive and media
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.
- Healthcare & welfare
TietoEnator is the leading Nordic IT supplier for Healthcare and welfare. It supports welfare and healthcare by digitising welfare and healthcare 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, 2006
| Industry segment | % Nets sales |
|---|---|
| Telecom & media | 31% |
| Public | 18% |
| Banking and insurance | 23% |
| Retails | 5% |
| Industry | 5% |
| Energy | 5% |
| Forest | 5% |
| Non-allocated | 7% |
[edit] Corporate governance
- Board of directors:
Matti Lehti, Chairman
Kalevi Kontinen
Anders Ullberg
Mariana Burenstam Linder
Bengt Halse
Bruno Bonati
Olli Riikkala
Jari Länsivuori
Anders Eriksson
- Executive management:
Hannu Syrjälä, President and CEO
[edit] Financial data
| Year | 2006 | 2005 | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|
| Net sales (EUR million) | 1 646.5 | 1 570.4 | 1 525.1 | 1 374.3 | 1 271.1 |
| Operating profit EBIT (EUR million) | 127.7 | 169.1 | 162.7 | 102.7 | 99.8 |
| Operating margin, % | 7.8 | 10.8 | 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:
- HEX Other Services
- HEX Portfolio
- HEX25
- HEXTech
- Stockholmsbörsen All-Share
- SX45 Information Technology
- Dow Jones EURO STOXX
- Dow Jones EURO STOXX Technology
- Dow Jones EURO STOXX Mid
- Dow Jones STOXX Sustainability Index
- CSFB European Technology
- CSFB European IT Services
- FTSE4Good Europe
- FTSE4Good Global
- Kempen SNS Smaller Europe SRI Index
| OMX Exchanges | Helsinki
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Stockholm
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|---|---|---|
| ISIN-Code | FI0009000277 | FI0009000277 |
| List | Main List | Large Cap |
| Sector | Others services | Information Technology |
| Value | Euro | Swedish krona |
[edit] References
[edit] External links
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