Tieto

Tieto Oyj ( until April 2009 TietoEnator ) is based in IT and Product Engineering Services IT services company. With nearly 18,000 employees in nearly 30 countries, Tieto is one of the largest IT service providers in Europe. Tieto is based in Helsinki, Finland. Tieto Corporation is listed on the Nordic Exchange OMX Helsinki 25 and on the Stockholm Stock Exchange.

The company provides services in the following areas: automotive, financial services, telecommunications and media, health, forestry, energy, manufacturing and retail and logistics.

The number of employees was 18 123 end of December 2011. The staff allocated to 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.

  • 2.1 Strategy 2012-2016
  • 2.2 Financial targets for the strategy period 2012-2016
  • 2.3 Tieto world
  • 2.4 employees
  • 2.5 shareholders
  • 3.1 Environmental Achievements
  • 3.2 Social Achievements
  • 3.3 Economic Achievements

History

Foundation and History

The company was founded in 1968 in Espoo, Finland under the name Tietotehdas Oy. In the first years Tietotehdas pursued his activities mainly in computer centers. IT systems were mainly developed and maintained for the Union Bank of Finland and their customers, as well as for forest industry company.

The company's customer base grew in the 1970s and Midi computers were introduced alongside the existing mainframes. In addition to services and software for mainframe computers and the development of IT systems was a central part of the activities of Tietotehdas. The customers represent diverse industries and business activities were organized. In the 1990s, the company grew rapidly through a series of acquisitions, mergers and strategic alliances. The company name was changed to TT Tieto Tieto in 1995 and 1998. 1996, the company strengthened its activities in the telecommunications sector significantly through the acquisition of Avancer. 1999 merger Tieto and Enator to TietoEnator.

In the 2000s, the globalized IT industry and Tieto increased its international business. The offshore production began in 2004. At the same time, Indian companies started in the Nordic market to penetrate and the competition was tougher. In 2007, the company proposed a new rate back to northern Europe. The global reach remained in selected sectors, such as telecommunications, receive.

On 1 December 2008 the company launched a new corporate brand and a new name Tieto (which in Finnish "knowledge " means ). The official name of the company is heuteTieto Corporation.

The importance of the horizontal shops and offshore resources grows and the company will replace the industry- based structure by a matrix consisting of national organizations, industries and global service areas. The offshore production was significantly increased towards the end of the decade.

Change of president and CEO in 2011

In April 2011, Mr. 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 over the position on November 1, and stepped down from the Board at the same time.

Current

Strategy 2012-2016

Tieto's goal is to be based on its strong position in the Nordic countries, the preferred partner in business and IT transformation.

It plans to build its competitiveness and its future growth through expertise in the industries, geographic focus, and simplified operations. Tieto is expanding its expertise to cover IT lifecycle services by investing in consulting and system integration.

Strategic decisions

  • Focus on markets where Tieto can be 3 IT service providers among the top
  • Full of IT lifecycle services and industry focus as customer value drivers
  • Product engineering strives for global opportunities in the transformation in the networked world

Financial targets for the strategy period 2012-2016

Tieto has its financial goals reviewed with the emphasis on profitability over growth set. Tieto aims to achieve the following objectives in the strategy period 2012-2016:

  • EBIT margin of 10%
  • EPS growth of over 15% ( CAGR ) as a long -term goal

Tieto world

Tieto 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, United Kingdom and the United States.

Net sales by country: Finland 45%, Sweden 31%, International 24 %

In February 2013 it was announced that Tieto wants to retire from the business in Northern Europe. The company's activities in Germany and the Netherlands accepts the Munich Aurelius AG.

Employee

  • Approx. 18,000 employees work for Tieto
  • 27% are women and 73 % men (2011)

Shareholder

40 % of the shareholders are Finnish and 17% are Swedish.

Corporate Responsibility 2011

Environmental achievements

  • Tieto's volume increased sustainable IT services and CO2 reductions of customer service ( 168 481 tonnes of CO2), far exceeding its own CO2 emissions ( 45 582 tonnes of CO2).
  • In May 2011, a new data center in Tieto Finland won the internationally renowned "Green Enterprise IT " ( GEIT ) Award. The recognition of the U.S. Uptime Institute landed in the "Beyond the Data Centre " category.
  • In June 2011, Tieto has been awarded the highest marks ( 973 of 1000 ) in the " TCO Development 's Green IT Audit".
  • In October 2011, Tieto was in the " Carbon Disclosure Leadership Index " (96 points) and in the " Carbon Performance Leadership Index " added (performance band- A) of the Carbon Disclosure Project.

Social gains

  • Towards the end of 2011, a new supplier code of conduct for the current Code of Conduct was created. The Supplier Code of Conduct aims to tighten control over suppliers and partners in relation to corruption prevention and strengthening of human and labor rights.
  • Various social sponsorship activities ( both financial and pro bono ) were carried out during the year. One supported the UNICEF program "Schools for Africa ". Tieto has also continued its support for the " Identity Foundation 's mobile learning centers" for underprivileged children in Pune, India.

Economic achievements

  • Full-year revenue increased 7 % to 1.828 billion euros.
  • The full-year operating profit rose to 98.1 million euros.
  • The share value rose by 0.84 euros.
  • The "Customer benefit index" to measure customer satisfaction increased from 3.26 to 3.71 ( scale 1-5)

Businesses and skills

  • Bank and insurance
  • Telecommunications, automotive and media
  • Health service
  • Forestry, energy, manufacturing process
  • Retail and Logistics
  • ICT Operations Management
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