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Tietoevry information


Tietoevry Corporation
Native name
Tietoevry Oyj
Company typeJulkinen osakeyhtiö
Traded as
Nasdaq Helsinki: TIETO
Nasdaq Stockholm: TIETOS
IndustryIT services, IT consulting
Founded1968; 56 years ago (1968)
HeadquartersEspoo, Finland
Key people
Tomas Franzén (Chairman), Kimmo Alkio (President and CEO)
ServicesIT, business consulting and outsourcing services
RevenueIncrease €2.786 billion (2020)[1]
Operating income
Increase €146.7 million (2020)[1]
Net income
Increase €94.5 million (2020)[1]
Total assetsDecrease €3.604 billion (end 2020)[1]
Total equityDecrease €1626.2 million (end 2020)[1]
Number of employees
Decrease 23,632 (FTE, end 2020)[1]
Websitewww.tietoevry.com
Tietoevry global headquarters in Keilaniemi, Espoo, Finland, since 2016. Keilalahdentie 2-4, Espoo.

Tietoevry Corporation (natively Tietoevry Oyj, Tieto prior to June 2019) is a Finnish IT software and service company providing IT and product engineering services. Tietoevry is domiciled in Espoo, Finland, and the company's shares are listed on the NASDAQ OMX Helsinki, NASDAQ OMX Stockholm and Oslo Stock Exchange.[2] Tietoevry has approximately 24,000 employees across 20 countries, and has customers in the energy, forestry, banking, healthcare and public sectors.

In June 2019, Tieto paid EUR 1.2 billion for the acquisition of similar-sized IT company EVRY.[citation needed] The intention was to expand on the Nordic market. The new company would be named TietoEVRY, have over 24.000 employees and generate a projected revenue of over EUR 3 billion for the fiscal year 2020.[3][4]

At the end of 2015, the number of full-time employees was over 13,000 in more than 20 countries. 28% are located in Finland, 19% in Sweden, 17% in India, 15% in Czech Republic, 5% in Latvia, and the rest spread across other countries.[5] 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 and 1% Bulgarian.

  1. ^ a b c d e f "Annual Report 2020". Tietoevry. Retrieved 11 March 2020.
  2. ^ "About us". tietoevry.com. Retrieved 18 August 2021.
  3. ^ Kauranen, Terje Solsvik (18 June 2019). "Tieto scoops up Evry in $1.5 billion deal to create Nordic digital consultancy". Reuters.
  4. ^ "Tieto launches new strategy to accelerate innovation and growth". tieto.com. Retrieved 14 April 2016.
  5. ^ "Tieto Annual Report 2015" (PDF). Tieto.

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