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OpenSpring

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uuid000bnm1

Namestring
OpenSpring
Legal namestring
OpenSpring
Websiteurl
openspring.com
Company typeenum
Private
Founded yearint
2000
Descriptiontext

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.

Short descriptiontext

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.

Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersMadrid, Spain
HQ citystring
Madrid
HQ countrystring
Spain
HQ regionstring
Europe
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
anti-money laundering services, technology consulting, fraud prevention solutions, banking software services, insurance IT consulting
Industry2 codes
1Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes)
CodeFSAGALAKPrimaryYes
2Endpoint & Mobile Asset Management (UEM/MDM Asset Controls)
CodeBPAEAOAIPrimaryNo
NAICS code1 code
  • Other Computer Related Services541519
SIC code1 code
  • Services-Computer Programming, Data Processing, Etc.7370
Product category
Financial Services Technology Consulting
Social media profiles2 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Technology Consulting Services
TypeProfessional Services
Description

Technology consulting services provided to financial institutions and insurance companies, generating approximately €10 million in combined annual revenue with Grupo Onetec.

marketscreener.com
Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Personnel, Technology or R&D, Operations, Marketing or Sales
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

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.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

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.

Product and service3 records
1Anti-Money Laundering (AML) Services
CategoryCompliance Consulting Services
Description

Specialized services focused on anti-money-laundering compliance for financial institutions and insurance companies in Spain and Portugal.

2Technology Consulting Services
CategoryTechnology Consulting
Description

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.

3Fraud Prevention and Monitoring Services
CategorySecurity and Fraud Prevention Services
Description

Security monitoring and fraud prevention services for financial institutions and insurance companies operating in Spain and Portugal.

Scale indicator3 records

Each record includes

Type, Value, Description, Source

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
1Capgemini
TypeBroad incumbent
Description

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.

2FICO
TypeDirect peer
Description

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.

3IBM Consulting
TypeBroad incumbent
Description

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.

4Atos
TypeBroad incumbent
Description

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.

5Oracle Financial Services
TypeDirect peer
Description

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.

6Accenture
TypeBroad incumbent
Description

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.

7NICE Actimize
TypeDirect peer
Description

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.

8Minsait (Indra)
TypeDirect peer
Description

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.

9Tietoevry
TypeBroad incumbent
Description

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.

10NTT Data
TypeBroad incumbent
Description

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.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

OpenSpring

Financial Services Technology Consultingopenspring.com

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.

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

  • Anti-money laundering services
  • Technology consulting
  • Fraud prevention solutions
  • Banking software services
  • Insurance IT consulting

Where OpenSpring is headquartered

Location

Headquarters

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

  1. 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 offering

Core 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 profile

Named customers1 record

Segments2 records

Ideal customer profiles2 records

OpenSpring technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

OpenSpring partnerships and signals

Strategic signal

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

OpenSpring competitors and assessment

Company assessment

Broad 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 presence

OpenSpring financial estimates

Financial estimate

Revenue estimate

Valuation estimate

OpenSpring leadership team

Management profile

Number of profiles

Profiles1 record

OpenSpring funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

OpenSpring M&A and investment

M&A and investment

M&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.

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Live signals
FintechTieto acquires OpenSpring and GrupoOnetec to expand in SpainTieto, a European software and technology consulting company, has agreed to acquire Spain-based OpenSpring and GrupoOnetec from AFI Family Espana for an enterprise value of €8 million, with closing expected in Q1 2026. The two target companies specialize in technology consulting and anti-money-laundering services, generating combined revenues of approximately €10 million with around 200 employees across Spain and Portugal. The acquisition is designed to establish Tieto's local footprint in the Iberian market as a platform to expand its Banktech and Caretech software offerings, supporting Tieto's ambition to become a European market leader in selected verticals.MarketScreenerTietoevry Acquires Openspring and Grupo OnetecTietoevry has signed an agreement to acquire Spanish firms Openspring and Grupo Onetec for an enterprise value of approximately €8 million, aiming to strengthen its position in banking and healthcare-related software in the Iberian region. The two target companies together have around 200 employees in Spain and Portugal and generate annual revenues of about €10 million, focusing on technology consulting services and solutions for financial institutions and insurance companies. The acquisition is expected to be completed during the first quarter of 2026.news.cision.comTieto acquiring OpenSpring and GrupoOnetec in Spain to support its European expansionTietoevry has signed a definitive agreement to acquire OpenSpring and GrupoOnetec from AFI Family Espana for an enterprise value of EUR 8 million, with the transaction expected to close in Q1 2026. The two target companies, which operate technology consulting and anti-money-laundering services, have combined revenue of approximately EUR 10 million and nearly 200 employees in Spain and Portugal. Tieto aims to use this acquisition as a foundation to expand its Banktech and Caretech software solutions into the Iberian market, supporting its ambition to become a European market leader in selected industries.Empresas de Capital Riesgo en EspaTieto acquiring OpenSpring and Grupo Onetec in Spain to support its European expansionTieto has signed a definitive agreement to acquire OpenSpring and Grupo Onetec from AFI Family Espana for an enterprise value of EUR 8 million, with combined revenues of approximately EUR 10 million and nearly 200 employees across Spain and Portugal. The acquisition aims to establish Tieto's presence in the Iberian market for its Banktech and Caretech vertical software businesses, leveraging the acquired companies' local customer relationships and industry expertise. The transaction, expected to close in the first quarter of 2026, forms the foundation of Tieto Iberia under a dedicated country manager.TietoevryTieto acquiring OpenSpring and GrupoOnetec in SpainTietoevry Corporation has signed a definitive agreement to acquire OpenSpring and GrupoOnetec from AFI Family Espana for an enterprise value of EUR 8 million. The acquired companies, which provide technology consulting and anti-money-laundering services, have combined revenue of approximately EUR 10 million and around 200 employees operating in Spain and Portugal. The acquisition aims to establish Tieto Iberia and expand Tieto's Banktech and Caretech software solutions into the Iberian market, with closing expected in Q1 2026.