Tieto
Tieto Corporation is a Nordic-headquartered software and digital engineering company with ~14,000 employees serving enterprise and public-sector customers across financial services, healthcare, public sector, manufacturing, paper, energy, automotive, and telecom verticals via four business units (Banktech, Caretech, Indtech, Tech Consulting).
- Company typePublic
- Founded-
- HeadquartersEspoo, Finland
- Headcount5,001–10,000
- GTM typeB2B
- OfferingSoftware
What Tieto does
Tieto Corporation (formerly Tietoevry Oyj, rebranded March 2026) is a Nordic-headquartered software and digital engineering services company with approximately 14,000 employees and ~EUR 2 billion in annual revenue, publicly listed on Nasdaq Helsinki and Stockholm. The company serves enterprise and public-sector customers across financial services, healthcare, public sector, manufacturing, paper and fibre, energy, automotive, and telecom verticals through four business units: Tieto Banktech, Tieto Caretech, Tieto Indtech, and Tieto Tech Consulting.
Its core product portfolio consists of mission-critical vertical software assets including TIPS MES (Manufacturing Execution System installed in over 300 paper mills worldwide), Lifecare (healthcare platform with AI documentation support), Public 360° (case and document management for central banks and government), and a Network Information System for electricity distribution utilities. The underlying technology stack leverages partner ecosystems — Databricks for the Lifecare Data Platform, ArcGIS for the NIS utility solution, and Microsoft for enterprise AI — combined with proprietary vertical workflows and customer-specific integrations.
Tieto's business model is a hybrid of subscription/recurring software revenue (vertical products sold via direct enterprise sales to regulated industries) and professional services (Tech Consulting providing AI, cloud, and digital engineering). Pricing is not publicly disclosed; enterprise contracts are quote-based and annual. The company is executing a portfolio simplification strategy (divesting Edlevo and HR&Payroll to EG for EUR 95M, delisting from Oslo Børs) alongside an EUR 130M cost optimization programme and an AI upskilling initiative covering 5,000 consultants in partnership with Microsoft.
Tieto firmographics
Firmographics- Name
- Tieto
- Legal name
- Tieto Corporation
- Website
- https://tieto.com
- Company type
- Public
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Tieto Corporation is a Nordic-headquartered software and digital engineering company with ~14,000 employees serving enterprise and public-sector customers across financial services, healthcare, public sector, manufacturing, paper, energy, automotive, and telecom verticals via four business units (Banktech, Caretech, Indtech, Tech Consulting).
- Ownership category
- akta.pro rank
Tieto industry classification
Industry- Product category
- Enterprise vertical software and digital engineering services
- NAICS
- Computer Systems Design and Related Services (54151)
- SIC
- Services-Computer Programming Services (7371), Services-Prepackaged Software (7372), Services-Engineering, Accounting, Research, Management (8700)
- akta.pro primary industry
- Digital Workplace & Collaboration Integration (BPAEAAAM)
- akta.pro secondary industry
- System Integration & Connectors (BPAMAOAC)
Keywords
Where Tieto is headquartered
LocationHeadquarters
- HQ city
- Espoo
- HQ country
- Finland
- HQ region
- Europe
Offices3 records
Markets served
Tieto business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Software Products and Services: Mission-critical software solutions through specialized vertical software businesses (Tieto Caretech, Tieto Banktech, Tieto Indtech) delivering software products and associated services
- Tech Consulting: Digital engineering and consulting services through Tieto Tech Consulting business, providing design, cloud and AI expertise
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise software and consulting services - customized pricing |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels8 records
Tieto product offering
Product offeringCore offering
Tieto delivers mission-critical vertical software products and digital engineering services to enterprises and public-sector organizations across financial services, healthcare, manufacturing, paper and fibre, energy, public sector, telecom and automotive. Its portfolio is organized into four business units — Tieto Banktech (banking software), Tieto Caretech (healthcare software including the Lifecare platform), Tieto Indtech (industrial software such as TIPS MES and the Network Information System), and Tieto Tech Consulting (cloud, AI, design and software development services).
Product overview
Tieto is a Nordic software and digital engineering services company offering a portfolio of specialized vertical software products and consulting services. The company operates through four business units: Tieto Banktech (banking software), Tieto Caretech (healthcare technology including Lifecare), Tieto Indtech (industrial software including TIPS MES and Network Information System), and Tieto Tech Consulting (technology consulting). Key products include Public 360° for public sector case and document management, TIPS MES for manufacturing execution in paper/fibre industries, and the Network Information System for energy utilities. The company leverages AI capabilities through strategic partnerships with Microsoft and Databricks to deliver enterprise transformation solutions.
Differentiator
Problem solved
Functional benefit
Brands
- Tieto Banktech: Banking technology solutions and services
- Tieto Caretech
- Tieto Indtech
- Tieto Tech Consulting
Products and services
- TIPS Industry Solutions & Services Manufacturing Execution System (MES) and order-to-cash solution for pulp, paper, board, tissue, non-woven and packaging industries, used to manage production efficiency, quality and mill operations. Deployed at customers including Guanhao High-Tech and Metsä Tissue.
- Network Information System (NIS) Network information system for design, construction and maintenance of electricity distribution networks, based on ArcGIS geographic information software and delivered as a cloud or in-house server solution. Used by utilities such as Koillis-Satakunnan Sähkö.
- Public 360°
Quantifiable outcome
- Order backlog up by 8%
- +4 more outcomes
Companies that use Tieto
Customer profileNamed customers9 records
Segments8 records
Ideal customer profiles6 records
Tieto technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability5 records
Feature5 records
Tieto partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core, strategic and minor.
- Danmarks NationalbankcoreDenmark's central bank selected Tieto to deliver Electronic Case and Document Management System based on Public 360° solution. Agreement includes system integration, data migration, consulting services, and user training. Expands Tieto's footprint to all three Scandinavian central banks.
- Norway Central BankcoreTieto provides similar case and document management solutions to Norway's central bank, expanding footprint across Scandinavian central banks.
- Sweden Central BankcoreTieto provides similar case and document management solutions to Sweden's central bank, expanding footprint across Scandinavian central banks.
- MicrosoftcoreStrategic partnership to deliver enterprise AI solutions across industries. Initiative includes upskilling 5,000 consultants and targeting sectors like financial services, healthcare, and public sectors. Partnership covers co-selling of AI solutions and software development efficiency and quality, involving all of Tieto's businesses and markets.
- BEC Financial TechnologiesstrategicStrategic partnership between BEC and Tieto Banktech to deliver modern cash management solution for larger corporate customers of BEC banks. Solution provides real-time visibility of liquidity across accounts, legal entities and currencies. Nykredit serving as pilot customer before rollout to other BEC banks.
- DatabricksstrategicTieto achieved Silver partner status within the Databricks Partner Program, reflecting focus on expanding data and AI capabilities. Partnership enhances healthcare data solutions via Lifecare Data Platform using Databricks technology to improve healthcare outcomes and operational efficiency.
- Orange BusinesscoreFramework agreement making Orange Business a significant managed services provider for Tieto. Tieto Banktech will migrate to Orange Business's Cloud Avenue sovereign European cloud platform starting H2 2026, with broader two-year transition period. Selection criteria included ability to support European expansion and deliver competitive cost levels.
- EGminorTieto sold two software businesses (Edlevo and HR & Payroll) from Tieto Indtech portfolio to EG for EUR 95 million enterprise value. Transaction part of portfolio simplification strategy with proceeds for debt reduction and/or capital distribution.
Scale indicators15 records
Recent moves9 records
Expansion highlights6 records
Tieto competitors and assessment
Company assessmentBroad incumbents
- Accenture: World's largest IT services and consulting firm with deep Nordic presence and broad industry coverage including financial services, health, and public sector. Accenture competes with Tieto Tech Consulting for large enterprise transformation mandates and increasingly for AI delivery work.
- Capgemini: Global IT services leader with deep European presence and significant banking, manufacturing, and public sector practices. Capgemini competes with Tieto for large Nordic enterprise transformation deals while offering broader global delivery scale and a broader services portfolio.
- Atos: European-headquartered IT services and digital transformation company with strong public sector, healthcare, and financial services practices. Atos competes with Tieto for large European enterprise and government IT modernization contracts.
- Wolters Kluwer: Global vertical information services and software vendor serving healthcare, tax, legal, and compliance professionals. Wolters Kluwer's healthcare and compliance software lines overlap with Tieto Caretech and Tieto Banktech's regulatory and document management capabilities.
Direct peers
- Sectra: Swedish healthcare and critical infrastructure IT company providing medical imaging IT (PACS/RIS) and secure communications. Sectra directly competes with Tieto Caretech's Lifecare platform in Nordic healthcare IT, particularly in regional hospital and county council accounts.
- Sopra Steria: European IT services group headquartered in France with strong Nordic and UK presence (post-Steria merger). Sopra Steria competes with Tieto for banking, public sector, and enterprise IT services contracts across Northern Europe, with comparable vertical-software-plus-services positioning.
- EG A/S: Nordic industry-specific software provider that acquired Tieto's Edlevo and HR&Payroll businesses for EUR 95M. EG competes with Tieto Indtech and Tieto Caretech in vertical software for education, HR, and public sector administration in the Nordics.
- Temenos: Swiss banking software vendor providing core banking and digital banking platforms to financial institutions globally. Temenos is the most direct competitor to Tieto Banktech's core banking and transaction banking offerings, particularly in the European and Nordic banking market.
- Visma: Nordic vertical software company providing business software and cloud services to SMEs and the public sector across accounting, HR/payroll, and ERP. Visma is a direct peer to Tieto's divested Edlevo and HR&Payroll businesses and competes in adjacent Nordic public-sector and SMB software segments.
- CGI Group: Canadian-headquartered IT services and systems integrator with a meaningful Nordic footprint through its acquisition of Logica. CGI shares Tieto's vertical-software-plus-consulting model, serving regulated industries (financial services, government, healthcare) with mission-critical systems and managed services.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Tieto social profiles
Digital presenceTieto financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tieto leadership team
Management profileNumber of profiles
Profiles4 records
Tieto subsidiaries and ownership
Company hierarchySubsidiaries2 records
Tieto funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tieto 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 Tieto
What does Tieto do?
Tieto delivers mission-critical vertical software products and digital engineering services to enterprises and public-sector organizations across financial services, healthcare, manufacturing, paper and fibre, energy, public sector, telecom and automotive. Its portfolio is organized into four business units — Tieto Banktech (banking software), Tieto Caretech (healthcare software including the Lifecare platform), Tieto Indtech (industrial software such as TIPS MES and the Network Information System), and Tieto Tech Consulting (cloud, AI, design and software development services).
Is Tieto a public or private company?
Tieto is a public company. It is classified as public and is currently operating.
When was Tieto founded?
Tieto was founded in -1. It employs 5,001 to 10,000 people.
Where is Tieto based?
Tieto is headquartered in Espoo, Finland, in the Europe region.
How does Tieto make money?
Two revenue lines are on record. Software Products and Services are the primary driver. The others are tech Consulting.
Who are Tieto's main competitors?
Broad incumbents on record are Accenture, Capgemini, Atos and Wolters Kluwer. Direct peers are Sectra, Sopra Steria, EG A/S, Temenos, Visma and CGI Group.
Does Tieto have an API?
No public API is recorded for Tieto.
What industry is Tieto in?
Tieto's product category is Enterprise vertical software and digital engineering services. Its primary akta.pro industry code is BPAEAAAM, Digital Workplace & Collaboration Integration, with a secondary code of BPAMAOAC, System Integration & Connectors. Its NAICS code is 54151 and its SIC code is 7371.