TietoEVRY

What TietoEVRY does

TietoEVRY is a Helsinki-headquartered Nordic software and digital engineering services provider, formed in 2019 from the merger of Tieto (founded 1968) and EVRY. The company operates four business units—Tieto Banktech (core banking, payments, anti-financial crime, AI-powered analytics), Tieto Caretech (Lifecare open-standards platform, DynamicHealth patient information system), Tieto Indtech (industrial software for energy, manufacturing, paper and fibre), and Tieto Tech Consulting (AI upskilling, digital engineering)—serving customers primarily across Finland, Sweden, Norway, and Denmark, with new build-out into Iberia. Underlying technology is a vertical software-plus-services stack: open-standards Lifecare platform with modular architecture, the Payment Initiation (PIN) platform, Banking Advisor AI conversational interface for corporate lending, Lifecare AI Documentation Support, and predictive analytics for loan management and fraud detection. The company is publicly listed on Nasdaq Helsinki (TIETO1) with approximately 14,000 employees.

TietoEVRY generates revenue primarily through multi-year enterprise contracts combining subscription/recurring software licensing (Banktech and Caretech platforms), professional services and consulting, and managed services. Go-to-market is enterprise field sales targeting large Nordic financial institutions, healthcare providers, and industrial companies, supplemented by channel partnerships (Deloitte for nCino, Frends iPaaS, NTT DATA) and Iberian expansion via the OpenSpring and GrupoOnetec acquisition. Customer concentration is anchored in marquee logos (DNB, Entercard, Lokalbank, Fana Sparebank, Allianz Bank Bulgaria, and leading Finnish private healthcare providers) under multi-year strategic agreements such as the EUR 15–17 million five-year Entercard deal. Reported annual revenue is approximately EUR 2 billion from continuing operations, with Q1 2026 adjusted EBITDA margin of 14.7%, up 4.1 percentage points year-over-year, and net debt/EBITDA at 1.3x following divestments.

In 2025–2026 the company executed a strategic portfolio reshaping: divested Tech Services (creating Vivicta), sold Bekk Consulting AS to Axcel for approximately EUR 150 million, divested Edlevo and HR&Payroll to EG, and launched a EUR 150 million share buyback programme through March 2027. Offensively, TietoEVRY is investing in Iberian expansion, AI capability buildout (Microsoft partnership to upskill 5,000 consultants), and a new Open Health Platform for Catalonia with NTT DATA, while securing flagship wins such as DNB's payments infrastructure migration. The corporate parent is Tietoevry Corporation, headquartered in Espoo/Helsinki, Finland.

Name

TietoEVRY

Legal name

Tietoevry Corporation

Website

https://tietoevry.com

Company type

Public

Founded year

2019

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

TietoEVRY is a publicly listed Nordic software and digital engineering company serving banks, healthcare providers, and industrial firms with vertical platforms (Banktech, Caretech, Indtech), AI-enabled services, and multi-year enterprise contracts across the Nordics and Iberia.

Ownership category

akta.pro rank

Product category

Vertical Software Solutions

NAICS

Computer Systems Design and Related Services (54151), Other Activities Related to Credit Intermediation (52239)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming Services (7371)

akta.pro primary industry

Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)

akta.pro secondary industries

Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK), Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD), Helpdesk & End-User Support Services (BPAEABAB)

Keywords

• Core banking software
• Healthcare IT platforms
• Digital engineering services
• Industrial software solutions
• Cloud transformation services

Headquarters

HQ city

Espoo

HQ country

Finland

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Software Products and Platforms: Revenue from vertical software products including Tieto Banktech (banking platforms), Tieto Caretech (healthcare IT), and Tieto Indtech (industrial software). These include software licensing, platform subscriptions, and managed services.
2. Professional Services and Consulting: Tech Consulting and software development services including implementation, customization, and ongoing support for enterprise clients.
3. Multi-year Service Agreements: Strategic multi-year contracts such as the EUR 15–17 million five-year agreement with Entercard for multichannel services.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

TietoEVRY provides vertical software products and digital engineering services for banking, healthcare, industrial, and public-sector clients, primarily in the Nordics. Its core offerings include the Tieto Banktech core banking and payments platform, the Tieto Caretech Lifecare and DynamicHealth patient information platforms, Tieto Indtech industrial software for energy, manufacturing and paper/fibre, and Tieto Tech Consulting for AI, cloud, and digital transformation services. Revenue is generated through software licensing and subscriptions, multi-year managed-services agreements, and consulting engagements with large enterprise and government customers.

Product overview

TietoEVRY is a Nordic software and digital engineering services provider with approximately 14,000 employees and annual revenue of around EUR 2 billion. The company operates four distinct business units: Tieto Banktech (banking software including core banking, digital services, payments, anti-financial crime tools), Tieto Caretech (healthcare technology including Lifecare platform, DynamicHealth patient information system), Tieto Indtech (industrial technology services for energy, manufacturing, paper/fibre), and Tieto Tech Consulting (AI upskilling and digital engineering). The company also provides generative AI solutions, data analytics, cloud services, and software development capabilities. The portfolio is organized as a platform-plus-modules architecture where core business unit platforms (Banktech, Caretech) are supplemented by specialized products, partnerships (Frends iPaaS), and consulting services to deliver comprehensive digital transformation solutions.

Differentiator

Problem solved

Functional benefit

Brands

• Tieto Banktech: Banking software solutions and services
• Tieto Caretech
• Tieto Indtech
• Tieto Tech Consulting
• Tieto Create

Products and services

• Tieto Banktech
• Tieto Caretech Healthcare technology solutions including the Lifecare platform for patient information management, the DynamicHealth patient information system, and AI documentation support for healthcare providers and municipalities.
• Tieto Indtech Industrial technology services and software covering energy, manufacturing, and paper and fibre industries, including Network Information Systems, enterprise delivery partnerships, and production modernization solutions.
• Tieto Tech Consulting Technology consulting services providing AI upskilling (notably through a Microsoft partnership to train 5,000 consultants), cloud transformation, sourcing and procurement modernization, and digital engineering expertise for enterprise clients.
• Lifecare Platform Open-standards-based healthcare information system that supports modular healthcare IT systems with interoperability, incremental upgrades, and long-term data access for healthcare providers and municipalities.
• DynamicHealth Patient information system designed to be efficient, user-friendly, and digitally advanced, developed jointly with leading Finnish private healthcare providers.
• Open Health Platform Open-standards-based platform developed with NTT DATA for Catalonia's regional health system, designed to unify healthcare data systems and enable interoperability.
• Wealth Management Solutions Trading and wealth management technology solutions with AI analytics, real-time market data, and trading capabilities for retail brokerages, institutional trading desks, wealth managers, and family offices.
• Generative AI Solutions Generative AI offerings spanning proofs-of-concept to production-scale use cases, supporting efficiency and transformation for customers across banking, healthcare, and industrial sectors.

Quantifiable outcome

• 81% reduction in all-cause fraud with VoP implementation
• +4 more outcomes

Named customers17 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability9 records

Feature6 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• DNBcoreStrategic or Co-development Partner · 6 July 2026DNB, Norway's largest financial institution, partnered with Tietoevry Banking to migrate its payments infrastructure to Tietoevry's Payment Initiation (PIN) platform. The migration, scheduled from 2026 to 2027, aims to improve operational efficiency and comply with future payment standards while serving over 200,000 corporate clients and two million retail customers.
• DeloitteminorImplementation/ SI/ Consulting Partner · 6 July 2026Deloitte supporting implementation of nCino's commercial lending solution at DNB, complementing Tietoevry Banking's payments infrastructure partnership.
• MicrosoftcoreStrategic or Co-development Partner · 29 April 2026Strategic partnership with Microsoft to upskill 5,000 consultants in AI capabilities, enhancing TietoEVRY's AI service delivery across banking, healthcare, and industrial sectors.
• OpenSpring and GrupoOneteccoreOEM/ Whitelabel/ Licensing Partner · 9 January 2026Tietoevry acquiring OpenSpring and GrupoOnetec from AFI Family Espana for EUR 8 million enterprise value, with combined revenue of approximately EUR 10 million and nearly 200 employees. Acquisition forms foundation for Tieto Iberia to expand Banktech and Caretech software solutions into Spanish and Portuguese markets.
• LokalbankcoreStrategic or Co-development Partner · 24 November 2025Five-year strategic partnership with Lokalbank (a collaboration of 16 independent Norwegian banks serving 250,000 customers) to deliver comprehensive banking platform including core banking, digital services, payments, and anti-financial crime tools. Agreement extends to broader Frende Group.
• Mehiläinen, Terveystalo, Pihlajlinna, Aava, PikkujätticoreStrategic or Co-development Partner · 10 November 2025Tietoevry Care expanding partnerships with leading Finnish private healthcare providers to develop its DynamicHealth patient information system, making it more efficient, user-friendly, and digitally advanced.
• NTT DATAcoreStrategic or Co-development Partner · 22 October 2025Tietoevry Care and NTT DATA collaborating to develop a new Open Health Platform in Catalonia, Spain, as part of the region's Digital Health Strategy 2024–2030. Platform aims to unify healthcare data systems using open standards.
• EntercardcoreStrategic or Co-development Partner · 9 October 2025Multi-country agreement with Entercard for digital transformation across Norway, Sweden, Denmark, and Finland. Five-year deal valued at approximately EUR 15–17 million involving advanced multichannel services to improve customer communication and operational efficiency.
• Frende GroupcoreStrategic or Co-development Partner · 28 May 2025Partnership with Lokalbank extends to broader Frende Group and enables new members to join under the same technology framework, positioning Tietoevry Banking as a leading provider in Norway.
• Fana SparebankcoreStrategic or Co-development Partner · 30 March 2025Norwegian savings bank partnered with Tietoevry Banking for comprehensive banking software solution including mobile and self-service offerings, loan management, core banking systems, card and payment services, and financial crime prevention tools.

Scale indicators8 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Sopra Steria: European-headquartered IT services and vertical software company with strong Nordic (especially Norway/Finland via former Ergo) and UK presence, focused on banking, healthcare, and public sector. Closest publicly-listed peer to TietoEVRY in scale, vertical mix, and geography.
• CGI Group: Canada-anchored IT and business consulting services firm with deep Nordic/European operations (CGI Suomi, ÅF acquisition), serving banking, healthcare, and government with a similar systems-integration-plus-managed-services model.

Broad incumbents

• Capgemini: Global IT services and digital engineering leader with a sizeable Nordic and dedicated Banking & Financial Services practice that overlaps with Tieto Banktech, plus healthcare sector reach comparable to Tieto Caretech.
• Accenture: Largest global consulting and technology services firm with strong Nordic delivery centres and dedicated Financial Services and Health practices that compete for the same enterprise digital-transformation budgets as TietoEVRY.
• Tata Consultancy Services (TCS): Global IT services giant with deep Nordic banking relationships (TCS BaNCS core banking platform) competing for the same Nordic banking modernisation RFPs as Tieto Banktech, particularly in the UK/Irish and continental European corridors.
• Infosys: Global IT and digital engineering services firm with Finacle banking platform and a Nordic delivery footprint that competes with TietoEVRY for cross-border banking transformation and managed services work.
• DXC Technology: Global IT services and modern workplace provider with significant Nordic operations (former CSC/Xerox IT services) competing for the same enterprise outsourcing and digital engineering mandates as TietoEVRY.
• Wipro: Global IT services firm with Banking, Financial Services and Healthcare global business lines that competes with TietoEVRY in large-scale digital transformation, application modernisation, and managed services across Nordic and European accounts.

Emerging players

• Temenos: Pure-play core banking and payments software vendor whose Temenos Banking Platform directly competes with Tieto Banktech at Nordic and European tier-2 banks; cloud-native positioning is a contrast to Tieto's more hybrid/open-standards architecture.
• Thought Machine: Cloud-native core banking platform vendor actively targeting Nordic and European incumbent banks with a microservices alternative to legacy platforms like those offered by Tieto Banktech.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@TietoGlobal
• LinkedInlinkedin.com/company/tieto
• Instagraminstagram.com/tietoglobal

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TietoEVRY