OpenSpring
OpenSpring is a Madrid-based technology consulting firm providing AML compliance, fraud prevention, cybersecurity, and managed IT services to financial institutions and insurance companies in Spain and Portugal. Now operates as Tieto Iberia following its Q1 2026 acquisition by Tietoevry.
- Company typePrivate
- Founded2000
- HeadquartersMadrid, Spain
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What OpenSpring does
OpenSpring is a Madrid-headquartered technology consulting firm that delivered specialized IT services to financial institutions and insurance companies across Spain and Portugal. Its service portfolio centered on anti-money-laundering (AML) compliance, fraud prevention and monitoring, technology consulting, cybersecurity, software development and engineering, AS/400 legacy support, and managed IT services. The firm operated exclusively in the Iberian market and built its offering around the operational and regulatory realities of regional banks and insurers, including legacy core systems and AML/fraud mandates.
The company's go-to-market was direct enterprise sales into financial services and insurance verticals, with deep specialization in mission-critical workloads for those customers. OpenSpring generated approximately EUR 10 million in combined annual revenue alongside Grupo Onetec and employed roughly 200 professionals across the two firms at the time of their acquisition. Individual standalone revenue for OpenSpring is not disclosed, nor is its customer count or contract structure.
In Q1 2026, OpenSpring was acquired by Tietoevry for an enterprise value of approximately EUR 8 million (combined with Grupo Onetec) and was merged with Grupo Onetec to form Tieto Iberia, a ~180+ professional entity with offices in Madrid and Lisbon operating under Tietoevry's Banktech and Caretech vertical software businesses. Following the acquisition, OpenSpring no longer operates as an independent entity; its services and client relationships are delivered through Tieto Iberia's local operations, now backed by Tietoevry's global organization (EUR 1.8 billion 2025 revenue and ~8,000 professionals worldwide) and its Banktech, Caretech, Indtech, and Tech Consulting software portfolios.
OpenSpring firmographics
Firmographics- Name
- OpenSpring
- Legal name
- OpenSpring
- Website
- https://openspring.com
- Company type
- Private
- Founded year
- 2000
- Operating status
- Acquired
- Headcount range
- 1,001–5,000 employees
- Short description
- OpenSpring is a Madrid-based technology consulting firm providing AML compliance, fraud prevention, cybersecurity, and managed IT services to financial institutions and insurance companies in Spain and Portugal. Now operates as Tieto Iberia following its Q1 2026 acquisition by Tietoevry.
- Ownership category
- akta.pro rank
OpenSpring industry classification
Industry- Product category
- Financial Services Technology Consulting
- NAICS
- Other Computer Related Services (541519)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK)
- akta.pro secondary industry
- Endpoint & Mobile Asset Management (UEM/MDM Asset Controls) (BPAEAOAI)
Keywords
Where OpenSpring is headquartered
LocationHeadquarters
- HQ city
- Madrid
- HQ country
- Spain
- HQ region
- Europe
Offices2 records
Markets served
OpenSpring business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Technology Consulting Services: Technology consulting services provided to financial institutions and insurance companies, generating approximately €10 million in combined annual revenue with Grupo Onetec.
Go-to-market motion1 record
Distribution channels1 record
OpenSpring product offering
Product offeringCore offering
OpenSpring is a technology consulting firm that provides specialized professional services to financial institutions and insurance companies in Spain and Portugal. Its portfolio spans anti-money-laundering (AML) compliance services, fraud prevention and monitoring, technology consulting, cybersecurity, software development and engineering, AS/400 support, and managed IT services. The company delivers mission-critical solutions to banks, insurers, and financial services organizations across the Iberian Peninsula.
Product overview
OpenSpring is a technology consulting firm (now part of Tieto Iberia following acquisition in Q1 2026) that provides specialized consulting and professional services to financial institutions and insurance companies. The company does not offer a unified software platform but rather delivers a portfolio of specialized services including anti-money-laundering (AML) compliance services, fraud prevention and monitoring, technology consulting, cybersecurity, software development and engineering, AS/400 support, and managed IT services. These services target mission-critical operations in the banking, insurance, and financial services sectors across Spain and Portugal.
Differentiator
Problem solved
Functional benefit
Products and services
- Anti-Money Laundering (AML) Services Specialized services focused on anti-money-laundering compliance for financial institutions and insurance companies in Spain and Portugal.
- Technology Consulting Services Professional technology consulting services including IT services, cybersecurity, software development and engineering, AS/400 support, and managed services for banks, insurance companies, and financial services organizations.
- Fraud Prevention and Monitoring Services Security monitoring and fraud prevention services for financial institutions and insurance companies operating in Spain and Portugal.
Companies that use OpenSpring
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
OpenSpring technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
OpenSpring partnerships and signals
Strategic signalScale indicators3 records
Recent moves5 records
Expansion highlights5 records
OpenSpring competitors and assessment
Company assessmentBroad incumbents
- Capgemini: Global IT consulting and services firm with a strong financial services practice (Capgemini Invent / Financial Services), including AML, risk and compliance engagements with European banks and insurers comparable to OpenSpring's offerings.
- IBM Consulting: Global consulting arm of IBM with deep financial services coverage in Spain and Portugal, including risk and compliance, core banking modernization and managed services - all areas where OpenSpring competes.
- Atos: European-headquartered IT services firm with established financial services and public sector consulting in Spain and Portugal, competing for AML, fraud and digital transformation engagements with Iberian banks and insurers.
- Accenture: Global professional services firm with a dedicated Banking & Capital Markets and Insurance practice covering compliance, AML, fraud and core modernization - regularly engaged by the same large Iberian and pan-European financial institutions OpenSpring targets.
- Tietoevry: OpenSpring's parent company. Tietoevry is a Nordic-headquartered IT services and software group (EUR 1.8B 2025 revenue) whose Tieto Banktech division provides modular SaaS for banking and financial services - directly overlapping with OpenSpring's AML, fraud and consulting offerings in Iberia.
- NTT Data: Global IT services group with a significant Iberia presence (including the former Everis), providing banking, insurance and regulatory compliance consulting that competes with OpenSpring's financial services portfolio.
Direct peers
- FICO: Provider of analytics software for fraud detection, AML and financial crime compliance - directly addresses the same regulatory and risk use cases OpenSpring services in Iberia.
- Oracle Financial Services: Sells AML, fraud and financial crime compliance applications (e.g., Oracle Financial Crime and Compliance) to large banks, often displacing or coexisting with the type of consulting OpenSpring provides.
- NICE Actimize: Vendor of enterprise AML, fraud and financial crime compliance software used by global banks and insurers - represents a competing productized offering against OpenSpring's services-led AML approach.
- Minsait (Indra): Spanish IT consultancy owned by Indra, with a large financial services practice serving banks and insurers across Iberia on digital transformation, AML, fraud and core modernization - the most direct local competitor to OpenSpring.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
OpenSpring social profiles
Digital presenceOpenSpring financial estimates
Financial estimateRevenue estimate
Valuation estimate
OpenSpring leadership team
Management profileNumber of profiles
Profiles1 record
OpenSpring funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
OpenSpring M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about OpenSpring
What does OpenSpring do?
OpenSpring is a technology consulting firm that provides specialized professional services to financial institutions and insurance companies in Spain and Portugal. Its portfolio spans anti-money-laundering (AML) compliance services, fraud prevention and monitoring, technology consulting, cybersecurity, software development and engineering, AS/400 support, and managed IT services. The company delivers mission-critical solutions to banks, insurers, and financial services organizations across the Iberian Peninsula.
Is OpenSpring a public or private company?
OpenSpring is a private company. It is classified as corporate owned and is currently acquired.
When was OpenSpring founded?
OpenSpring was founded in 2000. It employs 1,001 to 5,000 people.
Where is OpenSpring based?
OpenSpring is headquartered in Madrid, Spain, in the Europe region.
How does OpenSpring make money?
One revenue line is on record: technology Consulting Services.
Who are OpenSpring's main competitors?
Broad incumbents on record are Capgemini, IBM Consulting, Atos, Accenture, Tietoevry and NTT Data. Direct peers are FICO, Oracle Financial Services, NICE Actimize and Minsait (Indra).
Does OpenSpring have an API?
No public API is recorded for OpenSpring.
What industry is OpenSpring in?
OpenSpring's product category is Financial Services Technology Consulting. Its primary akta.pro industry code is FSAGALAK, Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes), with a secondary code of BPAEAOAI, Endpoint & Mobile Asset Management (UEM/MDM Asset Controls). Its NAICS code is 541519 and its SIC code is 7370.