- TietoEnator
Infobox Company
company_name = TietoEnator
company_
company_type = Public (OMX|HEX24376|TIE1V)
foundation =1999
location =Espoo ,Finland
key_people = Matti Lehti (Chairman of the board), Hannu Syrjälä (President and CEO)
industry = IT services
products = IT and network services for industry
revenue = €1.772 billion (2007)cite web |url=http://www.tietoenator.com/binary.asp?path=32051&field=FileAttachment |title=Annual Report 2007 |accessdate=2008-04-13 |publisher=TietoEnator]
operating_income = profit €1.3 million (2007)
num_employees= 15,590 (2007)
slogan = "Building the information society"
homepage = [http://www.tietoenator.com/ www.tietoenator.com]
intl = yesTietoEnator is an international software development company based in
Finland .Active in more than 25 countries with close to 17 000 experts, TietoEnator is one of the largest IT services providers in Europe.
The company has principal focus areas in the fields of banking & insurance, telecom & media, healthcare & welfare, forest & energy as well as government (in Finland), manufacturing and retail.
TietoEnator's shares are listed on the
Helsinki Stock Exchange andStockholm Stock Exchange .History
Founding
TietoEnator Corporation was formed by the combination of Tieto Corporation in Finland and Enator AB in Sweden on
7 July 1999 .After the merger TietoEnator has strengthened its expertise in chosen industries, for instance by acquiring IT service companies and outsourced IT units.Takeover offer
TietoEnator received an unsolicited offer to acquire the company from the
private equity firmNordic Capital on20 March 2008 . [cite news |url=http://www.iht.com/articles/2008/03/20/business/tieto.php |title=TietoEnator gets takeover offer from Nordic Capital |work=Bloomberg |publisher=International Herald Tribune |date=20 March 2008 |accessdate=2008-04-08] The formal offer, valuing TietoEnator at approximately €1.1 billion, was launched on1 April , but was rejected by the company'sboard of directors , which stated that the price is insufficiently high. [cite news |url=http://www.reuters.com/article/innovationNews/idUSL2146912320080421 |title=TietoEnator board rejects Cidron offer |work=Reuters |date=21 April 2008 |accessdate=2008-04-21]Currently
Operating countries
TietoEnator operates in over 25 countries: Austria, Belgium, Belarus, Canada, China, Czech Republic, Denmark, Estonia, Finland, France, Germany, India, Indonesia, Italy, Latvia, Lithuania, Malaysia, the Netherlands, Norway, Poland, Portugal, Russia, Singapore, Slovakia, Sweden, Ukraine, the United Kingdom, and the USA.
In 2006, its main clients are: in Finland (46%), in Sweden (31%), in Germany (6%), in Norway (5%), in Denmark (3%), in the UK (2%) and in France (1%).(Source: TietoEnator annual review 2006)
Human capital
* Around 17,000 employees work for TietoEnator
* 29% are women and 71% men.
* The average age is 40.5 years.Activities and expertises
Industry expertises
*
Banking andinsurance *
Telecom ,automotive and mediaIn the area of Telecom, automobile and media, TietoEnator provides R&D and value-added IT services, consulting, services manufacturing, development of technology and systems.*
Healthcare & welfareTietoEnator is the leading Nordic IT supplier for Healthcare and welfare. It supports welfare and healthcare by digitising welfare and healthcare services and promoting seamless service chains.*
Forest TietoEnator is the leading strategic IT partner in developing, integrating and hosting front-runner information technology systems for pulp, paper, paperboard, mechanical forest industry and other forest operations companies.*
Retail andlogistics TietoEnator helps retailers and logistics companies to develop the effectiveness and efficiency of their customer relations, demand chain, supply chain and store operations.*
Manufacturing The Manufacturing solutions portfolio represents TietoEnator's deep industry expertise (over hundreds of projects). The solutions are pre-packaged & pre-integrated combinations of services, products, processes and methods.* Digital innovationsThe Digital Innovations unit in TietoEnator develops and enhances the digital self-service applications of the company's customers. Key offerings : Business process integration, Content delivery services, Corporate performance management CPM, Digital customer interactions, Enterprise application integration EAI, Enterprise content management, Powerful streaming solutions, Project management PPS.
* ICT operation managementTietoEnator Processing & Network offers the opportunity to outsource day-to-day ICT operations management activities. Solutions for: : - Providing cost efficient and product-based infrastructure services : - Operating business critical applications or entire application portfolio : - Operating business processes and services that are critical but not core business
* Global software sourcingGlobalisation of the information technology service production offers new opportunities in terms of more cost efficient production. TietoEnator provides global software sourcing. Customers are always served by local TietoEnator personnel in each country, supported by TietoEnator’s global production organisation.
Net sales by industry segment, 2006
References
External links
* [http://www.tietoenator.com/ Official website]
* [http://www.tietoenator.us/ US website]
* [http://www.tietoenator.nl/ NL website]
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