Tieto - Forest Business Operations

Name

Tieto - Forest Business Operations

Legal name

Tieto

Website

https://tietoevry.com

Company type

Public

Founded year

1968

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

IT Services and Consulting

NAICS

Custom Computer Programming Services (541511), Computer Systems Design and Related Services (54151), Computer Systems Design Services (541512), Other Scientific and Technical Consulting Services (54169)

SIC

Services-Computer Programming Services (7371), Services-Computer Integrated Systems Design (7373), Services-Prepackaged Software (7372)

akta.pro primary industry

System Integration & Connectors (BPAMAOAC)

akta.pro secondary industries

Care Team Collaboration, Secure Messaging & Clinical Communication within EHR (HLACAAAK), Enterprise Integration Engines & Interface Management (HL7 v2/X12/API) (HLACABAC)

Keywords

• Enterprise technology services
• Cloud computing services
• AI data solutions
• Software development services
• Digital transformation consulting

Headquarters

HQ city

Espoo

HQ country

Finland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Technology Services and Consulting: Tieto provides enterprise technology services across AI and data, software products, software development, cloud, and design and consulting. The company operates through specialized business units including Tieto Banktech, Tieto Caretech, Tieto Indtech, and Tieto Tech Consulting, serving multiple industries globally.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Tieto provides enterprise technology services across AI and data, software products, software development, cloud, and design and consulting, organized through four specialized business units—Tieto Banktech (banking/financial services), Tieto Caretech (healthcare), Tieto Indtech (industrial/manufacturing), and Tieto Tech Consulting. The company delivers solutions including AI proofs-of-concept to production-scale deployments, ML-powered software behavior analysis, custom software development, cloud services, and Lifecare AI Documentation Support for healthcare.

Product overview

Tieto operates as a technology services company organized into four distinct business units: Tieto Banktech (banking/financial services), Tieto Caretech (healthcare), Tieto Indtech (manufacturing/industrial), and Tieto Tech Consulting (technology consulting). The company offers services across five core areas: AI and Data (including production AI solutions), Software Products, Software Development, Cloud Services, and Design and Consulting. This is a multi-service portfolio rather than a single unified product platform, with each business unit serving specific industry verticals including automotive, energy, financial services, health, manufacturing, paper and fibre, public sector, and telecom.

Differentiator

Problem solved

Functional benefit

Products and services

• AI and Data Services AI and data-driven solutions including proofs-of-concept, production use cases, and scalable AI deployments for enterprise customers seeking efficiency and transformation.
• Software Products Proprietary and third-party software product offerings delivered to enterprise customers across multiple industry verticals, including Tieto Indtech enterprise software and Lifecare AI Documentation Support.
• Software Development Services Custom software development services covering the design, build, and maintenance of enterprise software applications, including ML-powered software behavior analysis for QA.
• Cloud Services Cloud computing solutions and services covering infrastructure, platform, and software deployment for enterprise customers across Tieto's industry verticals.
• Design and Consulting Services Design thinking and consulting services that help enterprise customers transform their businesses, simplify work processes, and adopt new digital and AI-driven operating models.
• Tieto Banktech (Banking and Financial Services Business Unit) Specialized business unit delivering banking and financial services technology solutions, including payment security, digital banking modernization, and personalized pricing offerings (e.g., for Allianz Bank Bulgaria and NOBA Bank).
• Tieto Caretech (Healthcare Business Unit) Specialized business unit delivering healthcare technology solutions, including AI-powered documentation support (Lifecare AI Documentation Support) to hospitals, municipalities, and care providers such as Helsinki University Hospital (HUS) and Köping Municipality.
• Tieto Indtech (Industrial Business Unit) Specialized business unit serving manufacturing, paper and fibre, automotive, and energy industries with software products, cloud solutions, and digital transformation services for industrial customers such as Glamox and FNT Software.
• Tieto Tech Consulting (Technology Consulting Business Unit) Specialized business unit providing technology consulting services, including software development, design, and AI-driven QA capabilities such as ML-Powered Software Behavior Analysis (used by Sequans Communications).

Quantifiable outcome

• Strong profitability of 14.7% in Q1

Named customers6 records

Segments9 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• NOBA BankcoreStrategic or Co-development Partner · 2 July 2026NOBA Bank and Tieto Banktech partner to strengthen payment security across markets. This partnership focuses on enhancing security capabilities for payment services across multiple markets through Tieto's Banktech business unit.
• MicrosoftcoreTechnology or Integration · 1 January 2026Tieto achieved Microsoft Copilot specialization, strengthening its AI capabilities. This specialization demonstrates Tieto's proficiency in Microsoft Copilot technologies and enables enhanced AI solution delivery to customers.

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Infosys: Global IT services and consulting major with comparable offerings in software development, cloud, AI, and digital transformation. Stronger delivery scale but competes on the same enterprise RFPs, particularly in banking and manufacturing.
• DXC Technology: Global IT services firm with strong presence in banking, insurance, healthcare, and public sector. Comparable systems integration and managed services offerings and a similar sized competitor on enterprise IT transformation deals.
• Wipro: Global IT services and consulting firm with comparable enterprise digital transformation, cloud, and AI offerings. Targets the same banking, healthcare, telecom, and manufacturing verticals as Tieto.
• Atos: European-headquartered IT services firm with deep footprint in banking, healthcare, manufacturing, and public sector. Comparable consulting, systems integration, and managed services portfolio targeting similar European enterprise clients.
• Tata Consultancy Services (TCS): One of the largest IT services firms globally, offering software development, cloud, AI, and consulting across banking, healthcare, and manufacturing. Comparable service catalog and customer segments, with a much larger delivery footprint.
• HCLTech: Global IT services firm with engineering, cloud, and AI service offerings across financial services, healthcare, manufacturing, and telecom. Comparable service mix and enterprise target customer profile.
• Accenture: Global IT services and consulting leader serving the same banking, healthcare, manufacturing, and public sector verticals as Tieto with comparable AI, cloud, and software services. Much larger scale but overlaps directly on enterprise digital transformation deals.
• IBM Consulting: Global consulting and IT services arm of IBM offering hybrid cloud, AI (watsonx), and industry-specific solutions. Overlaps with Tieto's AI and data services and competes on similar enterprise transformation mandates.
• Capgemini: European-headquartered IT services firm with strong banking, manufacturing, and public sector practices. Directly comparable business model (technology services, cloud, AI, industry solutions) and geographic overlap with Tieto's EMEA footprint.

Direct peers

• CGI Group: Canada-based IT and business consulting services firm with extensive Nordic and European operations. Closely comparable mid-tier scale, vertical specialization (banking, healthcare, manufacturing), and systems integration focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

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

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Tieto - Forest Business Operations