About TietoEVRY
TietoEVRY is a company based in Espoo (Finland) founded in 1968.. The company has 22,940 employees as of December 31, 2024. TietoEVRY has completed 11 acquisitions, including Alise Technic, Canvisa Consulting and EVRY. TietoEVRY offers products and services including Tietoevry Create, Tietoevry Banking, and Tietoevry Care. TietoEVRY operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Espoo, Finland
- Employees 22940 as on 31 Dec, 2024
- Stage Public
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Sectors
Business ServicesTechnology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Tietoevry Oyj
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Annual Revenue
$2.91 B (USD)-1.71as on Dec 31, 2024
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Net Profit
$-65.24 M (USD)-136.47as on Dec 31, 2024
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EBITDA
$445.37 M (USD)7.5as on Dec 31, 2024
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Latest Funding Round
$123.54 K (USD), Grant
Sep 01, 2020
- Investors
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Employee Count
22940
as on Dec 31, 2024
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Investments & Acquisitions
Alise Technic
& 10 more
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IPO & Listings of TietoEVRY
TietoEVRY is a publicly listed company on the OMXHEX with ticker symbol TIETO in Finland, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of TietoEVRY
TietoEVRY offers a comprehensive portfolio of products and services, including Tietoevry Create, Tietoevry Banking, and Tietoevry Care. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers design, data, and software engineering for digital acceleration.
Delivers banking-as-a-service and payment solutions for financial institutions.
Provides AI analytics for health and social care modernization.
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Software Development Team
131 people
Leadership Team
30 people
Sales and Marketing
26 people
Head Team
25 people
Senior Team
17 people
Product Management Team
17 people
Human Resources and Administration
17 people
Data Analysis and Operations Team
15 people
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Funding Insights of TietoEVRY
- Total Funding Total Funding
- Total Rounds 5
- Last Round Grant — $123,545
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First Round
First Round
(01 Oct 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2020 | Amount | Grant - TietoEVRY | Valuation |
investors |
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| Feb, 2020 | Amount | Grant - TietoEVRY | Valuation |
investors |
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| Jun, 2017 | Amount | Grant - TietoEVRY | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in TietoEVRY
TietoEVRY has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TietoEVRY
TietoEVRY has strategically engaged in corporate development activities, having acquired 11 companies. Notable acquisitions include Alise Technic, Canvisa Consulting and EVRY. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Blog focusing on elderly care, privacy policy and other topics
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2014 | ||||
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Integrated asset modeling software for oil and gas is developed.
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2005 | ||||
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Business and IT development within financial services is specialized in.
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2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - TietoEVRY
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tietoevry Comparisons
Competitors of TietoEVRY
TietoEVRY operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
IT outsourcing services are delivered across multiple business lines.
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| domain | founded_year | HQ Location |
IT and management consultancy services are provided globally.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tietoevry
Frequently Asked Questions about TietoEVRY
When was TietoEVRY founded?
TietoEVRY was founded in 1968 and raised its 1st funding round 48 years after it was founded.
Where is TietoEVRY located?
TietoEVRY is headquartered in Espoo, Finland.
Who is the current CEO of TietoEVRY?
Kimmo Alkio is the current CEO of TietoEVRY.
How many employees does TietoEVRY have?
As of Dec 31, 2024, the latest employee count at TietoEVRY is 22,940.
What is the annual revenue of TietoEVRY?
Annual revenue of TietoEVRY is $2.91B as on Dec 31, 2024.
What does TietoEVRY do?
TietoEVRY was founded in 1968 and is based in Espoo, Finland. Software solutions, digital engineering, and IT services are supplied to sectors including banking, healthcare, public administration, pulp and paper, energy, and utilities. Offerings include banking-as-a-service platforms, healthcare modernization, enterprise IT upgrades, data and AI transformations, cloud infrastructure, and AI-driven applications for industry needs.
Who are the top competitors of TietoEVRY?
TietoEVRY's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
What products or services does TietoEVRY offer?
TietoEVRY offers Tietoevry Create, Tietoevry Banking, and Tietoevry Care.
Is TietoEVRY publicly traded?
Yes, TietoEVRY is publicly traded on OMXHEX under the ticker symbol TIETO.
How many acquisitions has TietoEVRY made?
TietoEVRY has made 11 acquisitions, including Alise Technic, Canvisa Consulting, and EVRY.
Who are TietoEVRY's investors?
TietoEVRY has 1 investor. Key investors include European Union.
What is TietoEVRY's ticker symbol?
The ticker symbol of TietoEVRY is TIETO on OMXHEX.
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