Tietoevry
Tieto (formerly Tietoevry) is a Nordic software and digital engineering company organized into four business units—Banktech, Caretech, Indtech, and Tech Consulting—serving over 250 financial institutions, Nordic municipalities and central banks, and industrial enterprises with vertical software, cloud-native payment platforms, and managed services.
- Company typePublic
- Founded2019
- HeadquartersHelsinki, Finland
- Headcount5,001–10,000
- GTM typeB2B
- OfferingSoftware
What Tietoevry does
Tieto is a publicly listed Nordic software and digital engineering company headquartered in Espoo, Finland, operating across four business units: Tieto Banktech (banking and payments), Tieto Caretech (healthcare and welfare), Tieto Indtech (energy, manufacturing, paper and fibre), and Tieto Tech Consulting. The company serves over 250 financial institutions, Nordic municipalities and central banks, and industrial enterprises, with named customers including Luminor, Danmarks Nationalbank, Cultura Bank, OBOS Bank, Allianz Bank Bulgaria, Metsä Tissue, and Koillis-Satakunnan Sähkö. Core products include a cloud-native Payments-as-a-Service platform built on AWS, a multi-tenant Cards-as-a-Service (CaaS) platform supporting more than 14 million active cards, the Lifecare suite for healthcare workforce and AI documentation, and the Public 360° case and document management system deployed across the Scandinavian central banks.\n\nThe company generates revenue through a mix of recurring software licensing/subscription (core banking, healthcare, payment platforms), multi-year enterprise contracts with annual billing, and digital engineering and managed services engagements (typically time-and-materials or fixed-price). GTM is enterprise field sales with dedicated business-unit teams, supplemented by inside sales and channel partnerships (BEC Financial Technologies, IC Cash, Version 1, OpenSpring/Grupo Onetec in Iberia). After the 2025–2026 divestitures of Tech Services (€300m to Agilitas/Vivicta), Bekk Consulting (€150m to Axcel), and Edlevo/HR & Payroll (€95m to EG), continuing operations generate approximately €2 billion in annual revenue with a 14.7% adjusted EBITDA margin in Q1 2026.\n\nStrategic positioning in 2025–2026 centers on portfolio simplification toward higher-margin vertical software, geographic expansion into Iberia and Germany, and a major AI upskilling partnership with Microsoft covering 5,000 consultants. The company carries approximately 14,000 employees globally, operates from offices in Finland, Sweden, Norway, Spain, Portugal, the United States (Minneapolis via MentorMate), Argentina, and Germany, and trades on Nasdaq Helsinki and Nasdaq Stockholm under the ticker TIETO following its March 2026 rebranding from Tietoevry Oyj to Tieto Oyj and the delisting from Oslo.
Tietoevry firmographics
Firmographics- Name
- Tietoevry
- Legal name
- Tieto Oyj
- Website
- https://tietoevry.com
- Company type
- Public
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Tieto (formerly Tietoevry) is a Nordic software and digital engineering company organized into four business units—Banktech, Caretech, Indtech, and Tech Consulting—serving over 250 financial institutions, Nordic municipalities and central banks, and industrial enterprises with vertical software, cloud-native payment platforms, and managed services.
- Ownership category
- akta.pro rank
Tietoevry industry classification
Industry- Product category
- Enterprise Vertical Software
- NAICS
- Activities Related to Credit Intermediation (5223), Other Activities Related to Credit Intermediation (52239)
- SIC
- Services-Computer Programming Services (7371)
- akta.pro primary industry
- Cross-Border Payment Routing, Orchestration & Connectivity (FSAMAIAK)
- akta.pro secondary industries
- Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE), Bank Connectivity & Channels (Host-to-host, SWIFT, APIs, EB portals) (FSABAIAF)
Keywords
Where Tietoevry is headquartered
LocationHeadquarters
- HQ city
- Helsinki
- HQ country
- Finland
- HQ region
- Europe
Offices7 records
Markets served
Tietoevry business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales
Revenue model
- Software Products & Licensing: Tieto generates recurring revenue through software product licensing, including core banking platforms, healthcare workforce management, document management systems, and payment services sold to financial institutions, healthcare providers, and public sector organizations.
- Digital Engineering & Consulting Services: Technology consulting and digital engineering services including AI implementation, cloud migration, system integration, and managed services. Revenue declined due to softness in Tech Consulting market.
- Managed Services & Infrastructure: Managed services including the Orange Business Cloud Avenue migration for capacity and related managed services across all business units. Multi-tenant CaaS platform spreads security and compliance costs across participants.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise licensing with custom pricing |
| Other | Multi-year contract | Professional services engagement |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
Tietoevry product offering
Product offeringCore offering
Tieto develops and sells vertical software platforms and digital engineering services for regulated industries across the Nordics and Europe. Its banking division (Tieto Banktech) provides core banking, cloud-native Payments-as-a-Service, multi-tenant Cards-as-a-Service, fraud detection, and cash management for 250+ financial institutions; its healthcare division (Tieto Caretech) offers the Lifecare workforce and AI documentation suite for care providers and municipalities; its industrial division (Tieto Indtech) delivers software for manufacturing, energy, and paper/fibre; and Public 360° serves Scandinavian central banks with case and document management.
Product overview
Tieto (formerly Tietoevry Oyj, rebranded March 2026) operates as a Nordic software and digital engineering company organized into four business units: Tieto Banktech (banking and financial services technology), Tieto Caretech (healthcare and care services software), Tieto Indtech (industry and manufacturing technology), and Tieto Tech Consulting (technology consulting services). Tieto Banktech is the largest division, providing a core banking platform with cloud-native Payments as a Service, Card as a Service (CaaS) supporting 14+ million active cards across 250+ financial institutions, an API Hub, Open Banking Sandbox, fraud detection, cloud cash management, and ATM services. Tieto Caretech's flagship product is the Lifecare platform, featuring the Workforce Planner and AI Documentation Support, operating within Finland's national Kanta ecosystem. Tieto Indtech provides industry-specific software including energy management, manufacturing, and paper & fibre solutions, with recent divestments of Edlevo and HR & Payroll to EG. Tieto Tech Consulting offers AI-enabled manufacturing solutions, connected workforce tools, and end-to-end data platforms. Tieto also provides Public 360° case and document management to Nordic central banks. The company has undergone significant portfolio simplification since 2025, divesting Tech Services (to Vivicta/Agilitas, EUR 300m), Bekk Consulting (to Axcel, EUR 150m), and Edlevo/HR&Payroll (to EG, EUR 95m), while acquiring MentorMate (US, 2023), OpenSpring and Grupo Onetec (Spain, 2026, EUR 8m) to expand into new geographies.
Differentiator
Problem solved
Functional benefit
Brands
- Tieto Banktech: Banking and financial services technology solutions
- Tieto Caretech
- Tieto Indtech
- Tieto Tech Consulting
- Tieto Create
Products and services
- Tieto Banktech Banking Platform
- Tieto Banktech Card as a Service (CaaS)
- Tieto Banktech Payments as a Service
- Tieto Banktech Cloud Cash Management
- Tieto Banktech API Hub
- Tieto Banktech Open Banking Sandbox
- Tieto Caretech Healthcare Software
- Tieto Caretech Lifecare Workforce Planner
- Tieto Public 360°
- Tieto Indtech Industrial Software
- Tieto Tech Consulting
Quantifiable outcome
- Norwegian banks blocked NOK 2.3bn in attempted fraud; Danish banks prevented DKK 500m in fraud in 2025
- +3 more outcomes
Companies that use Tietoevry
Customer profileNamed customers9 records
Segments5 records
Ideal customer profiles5 records
Tietoevry technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability14 records
Feature5 records
Tietoevry partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core, flagship, strategic and minor.
- LuminorcoreLuminor, Baltic bank, completed migrating its core payment services onto Tieto Banktech's Payments as a Service platform built on AWS, consolidating SEPA Credit Transfers, SEPA Instant Payments, and cross-border payment operations across Estonia, Latvia, and Lithuania.
- Danmarks NationalbankcoreDanmarks Nationalbank awarded contract to Tieto to implement an Electronic Case and Document Management System based on Public 360° platform. Solution covers case handling, document management, workflows, and information governance with integration into existing IT environment.
- GEP SoftwarecoreTieto selected GEP's AI-native Source-to-Pay platform to transform its sourcing and procurement operations. The platform will digitize and integrate sourcing, purchasing, and supplier management on a single scalable system, increasing automation across high-volume transactions and improving end-to-end visibility.
- MicrosoftflagshipStrategic partnership with Microsoft to upskill 5,000 consultants in AI capabilities, enabling Tieto to elevate and enrich customers' business with AI solutions from proofs-of-concept to use cases in production and scale.
- BEC Financial TechnologiesstrategicBEC partnered with Tieto Banktech to develop and implement a cloud-based cash management solution for large corporate clients within BEC's banking operations. The solution offers real-time liquidity visibility, cash pooling, and flexible credit facilities.
- EGstrategicTieto sold two software businesses (Edlevo and HR & Payroll) from Tieto Indtech to EG for EUR 95 million. The divestment aims to streamline Tieto Indtech's portfolio, with transaction expected to close in Q2 2026.
- Orange BusinesscoreFramework agreement making Orange Business a significant capacity and managed services provider for Tieto across all four business units. Tieto Banktech will be first to migrate to Orange Business's Cloud Avenue sovereign European cloud platform starting H2 2026, with approximately two-year transition period.
- OpenSpring and Grupo OnetecstrategicTieto acquired OpenSpring and Grupo Onetec from AFI Family Espana for EUR 8 million enterprise value. Combined companies have approximately EUR 10 million revenue and nearly 200 employees in Spain and Portugal, forming foundation for Tieto Iberia expansion in Banktech and Caretech.
- Cultura BankstrategicTieto Banktech signed 5-year agreement with Cultura Bank to deliver modern full-service technology solutions including core banking platform, mobile and online banking, and payment services. Cultura Bank is joining Lokalbanksamarbeidet consortium of 16 independent Norwegian savings banks.
- IC CashminorTietoevry Banking entered Germany's ATM market through partnership with IC Cash, expanding footprint in European banking technology market.
- Winner Group UkraineminorTietoevry Create partnership with Winner Group Ukraine for SAP implementation services, expanding delivery capabilities in Eastern European market.
- Enzym GroupminorEnzym Group and Tietoevry partnership to launch SAP solutions, combining Enzym's industry expertise with Tieto's SAP implementation capabilities.
- COSMO CONSULTminorTietoevry Tech Services and COSMO CONSULT partnered to support digitalization in waste management sector, combining consulting and technology capabilities.
- Version 1minorVersion 1 and Tietoevry Banking formed strategic partnership to drive digital transformation for banking customers, combining Version 1's implementation capabilities with Tieto's banking solutions.
- SiemensstrategicSiemens and Tietoevry extended partnership to further digitalize power utility sector in the Nordics, combining Siemens' industrial automation with Tieto's digital transformation capabilities.
Scale indicators13 records
Recent moves9 records
Expansion highlights6 records
Tietoevry competitors and assessment
Company assessmentEmerging players
- nCino: US-listed cloud banking platform for commercial, retail, and mortgage workflows. Competes with Tieto Banktech in cloud-native bank operating systems, with growing European presence among banks modernizing their technology stacks.
- Mambu: Berlin-based cloud banking SaaS platform for lending, deposits, and accounts. Targets European banks and fintechs that overlap with Tieto Banktech's installed base, particularly in core deposits and embedded finance.
- Thought Machine: UK-based cloud-native core banking provider whose Vault platform targets the same European mid-sized and challenger banks that Tieto Banktech serves. Represents the leading next-generation competitor to Tieto's traditional core banking stack.
- Backbase: Amsterdam-based digital banking and customer engagement platform. Competes with Tieto Banktech on the customer-facing digital banking and engagement layer for European banks, including Nordic FIs.
Broad incumbents
- Capgemini: Global IT services and consulting leader with strong presence in Nordic banking and industrial verticals. Competes with Tieto across Tech Consulting and Banktech implementation services for large enterprises.
- CGI Group: Canada-listed IT consulting and systems integration firm with deep Nordic and Northern European presence. Competes with Tieto Tech Consulting in digital engineering and IT services for regulated enterprises.
- Fiserv: US-listed global fintech providing account processing, card services, payments, and merchant acquiring. Overlaps with Tieto Banktech in card issuing (CaaS comparable) and core banking for FIs in Europe and globally.
- FIS (Fidelity National Information Services): US-listed global provider of core banking, payments, capital markets, and wealth software with significant European footprint. Overlaps with Tieto Banktech in core banking, payments processing, and card services for financial institutions.
Direct peers
- Temenos: Swiss-listed vendor of core banking, payments, and wealth management software to banks globally. Temenos competes head-to-head with Tieto Banktech in core banking, payments, and card platforms for Nordic and European mid-sized banks.
Regional players
- Visma: Nordic-based software and SaaS company providing business software (ERP, HR/payroll, public sector) to Nordic and European SMEs and public sector. Overlaps with Tieto's remaining software portfolio and is the most direct Nordic software peer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Tietoevry social profiles
Digital presenceTietoevry financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tietoevry leadership team
Management profileNumber of profiles
Profiles4 records
Tietoevry subsidiaries and ownership
Company hierarchySubsidiaries7 records
Tietoevry funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tietoevry M&A and investment
M&A and investmentM&A12 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tietoevry
What does Tietoevry do?
Tieto develops and sells vertical software platforms and digital engineering services for regulated industries across the Nordics and Europe. Its banking division (Tieto Banktech) provides core banking, cloud-native Payments-as-a-Service, multi-tenant Cards-as-a-Service, fraud detection, and cash management for 250+ financial institutions; its healthcare division (Tieto Caretech) offers the Lifecare workforce and AI documentation suite for care providers and municipalities; its industrial division (Tieto Indtech) delivers software for manufacturing, energy, and paper/fibre; and Public 360° serves Scandinavian central banks with case and document management.
Is Tietoevry a public or private company?
Tietoevry is a public company. It is classified as public and is currently operating.
When was Tietoevry founded?
Tietoevry was founded in 2019. It employs 5,001 to 10,000 people.
Where is Tietoevry based?
Tietoevry is headquartered in Helsinki, Finland, in the Europe region.
How does Tietoevry make money?
Three revenue lines are on record. Software Products & Licensing is the primary driver. The others are digital Engineering & Consulting Services and managed Services & Infrastructure.
Who are Tietoevry's main competitors?
Emerging players on record are nCino, Mambu, Thought Machine and Backbase. Broad incumbents are Capgemini, CGI Group, Fiserv and FIS (Fidelity National Information Services). Temenos is listed as a direct peer. Visma is listed as a regional player.
Does Tietoevry have an API?
Yes. Tietoevry offers an Open Banking Sandbox and a Banking API Hub. The Open Banking Sandbox provides a testing environment for open banking capabilities. The API Hub provides API access for banking services. No additional details on API type (REST, GraphQL, etc.), authentication methods, rate limits, versioning, or sandbox availability are specified in the source data.
What industry is Tietoevry in?
Tietoevry's product category is Enterprise Vertical Software. Its primary akta.pro industry code is FSAMAIAK, Cross-Border Payment Routing, Orchestration & Connectivity, with a secondary code of FSAGALAE, Embedded Deposit Accounts & Digital Wallet Infrastructure. Its NAICS code is 5223 and its SIC code is 7371.