| Type | Julkinen osakeyhtiö |
|---|---|
| Traded as | OMX: TIE1V |
| Industry | IT services |
| Founded | 1999 |
| Headquarters | Helsinki, Finland |
| Key people | Markku Pohjola (Chairman), Kimmo Alkio (President and CEO) |
| Products | IT and network services for industry |
| Revenue | €1.714 billion (2010)[1] |
| Operating income | €72.4 million (2010)[1] |
| Profit | €49.5 million (2010)[1] |
| Total assets | €1.241 billion (end 2010)[1] |
| Total equity | €557.5 million (end 2010)[1] |
| Employees | 17,760 (FTE, end 2010)[1] |
| Website | www.tieto.com |
Tieto Oyj (until April 2009 TietoEnator) is an IT service company domiciled in Helsinki, Finland.
Active in close to 30 countries with approximately 18,000 employees, Tieto is one of the largest IT service providers in Europe.
The company provides services to the following sectors: automotive, financial services, telecom & media, healthcare & welfare, forest, energy, manufacturing, retail & logistics and public.
The company's shares are listed on the NASDAQ OMX Helsinki and Stockholm.
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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. On 1 December 2008, the company launched a new corporate brand and marketing name Tieto (which means knowledge in Finnish). The official registered name of the company is now Tieto Corporation.
Tieto 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]
In 2011, Board of Directors and Hannu Syrjälä agreed that Hannu Syrjälä will leave his position as of 28 April 2011. Ari Karppinen was appointed as acting director of Tieto Corporation, while at the same time Board of Directors also initiated a process for recruiting the new President and CEO.[4]
Kimmo Alkio, after being appointed in July[5], took over the post on 1 November and at the same time resigned from Tieto's Board of Directors[6].
Tieto has offices in following countries: Austria, Belgium, Belarus, Canada, China, the Czech Republic, Denmark, Estonia, Finland, Germany, India, Indonesia, Italy, Latvia, Lithuania, Malaysia, the Netherlands, Norway, Poland, Russia, Singapore, Sweden, Ukraine, the United Kingdom, and the USA.
Net sales by country 2010: Finland 48%, Sweden 28%, and International 25%.
40% of Tieto's shareholders are Finnish and 17% are Swedish.