Tieto

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.

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

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

• Enterprise software services
• Vertical software solutions
• Digital engineering services
• Cloud consulting services
• Healthcare banking software

Headquarters

HQ city

Espoo

HQ country

Finland

HQ region

Europe

Offices3 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 Services: Mission-critical software solutions through specialized vertical software businesses (Tieto Caretech, Tieto Banktech, Tieto Indtech) delivering software products and associated services
2. Tech Consulting: Digital engineering and consulting services through Tieto Tech Consulting business, providing design, cloud and AI expertise

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core 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

Named customers9 records

Segments8 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature5 records

Partnerships

Eight partnerships are on record, tiered core, strategic and minor.

• Danmarks NationalbankcoreOthers · 4 May 2026Denmark'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 BankcoreOthers · 4 May 2026Tieto provides similar case and document management solutions to Norway's central bank, expanding footprint across Scandinavian central banks.
• Sweden Central BankcoreOthers · 4 May 2026Tieto provides similar case and document management solutions to Sweden's central bank, expanding footprint across Scandinavian central banks.
• MicrosoftcoreStrategic or Co-development Partner · 23 April 2026Strategic 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 or Co-development Partner · 2 April 2026Strategic 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.
• DatabricksstrategicTechnology or Integration · 19 March 2026Tieto 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 BusinesscoreTechnology or Integration · 19 February 2026Framework 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.
• EGminorOthers · 18 February 2026Tieto 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

Broad 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

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

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 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 Tieto