Tietoevry

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Tietoevry Corporation

Native name	Tietoevry Oyj
Company type	Julkinen osakeyhtiö
Traded as	Nasdaq Helsinki: TIETO Nasdaq Stockholm: TIETOS
Industry	IT services, IT consulting
Founded	1968; 56 years ago (1968)
Headquarters	Espoo, Finland
Key people	Tomas Franzén (Chairman), Kimmo Alkio (President and CEO)
Services	IT, business consulting and outsourcing services
Revenue	€2.786 billion (2020)[1]
Operating income	€146.7 million (2020)[1]
Net income	€94.5 million (2020)[1]
Total assets	€3.604 billion (end 2020)[1]
Total equity	€1626.2 million (end 2020)[1]
Number of employees	23,632 (FTE, end 2020)[1]
Website	www.tietoevry.com

Tietoevry Corporation (natively Tietoevry Oyj, Tieto prior to June 2019) is a Finnish IT software and service company providing IT and product engineering services. Tietoevry is domiciled in Espoo, Finland, and the company's shares are listed on the NASDAQ OMX Helsinki, NASDAQ OMX Stockholm and Oslo Stock Exchange.^[2] Tietoevry has approximately 24,000 employees across 20 countries, and has customers in the energy, forestry, banking, healthcare and public sectors.

In June 2019, Tieto paid EUR 1.2 billion for the acquisition of similar-sized IT company EVRY.^{[citation needed]} The intention was to expand on the Nordic market. The new company would be named TietoEVRY, have over 24.000 employees and generate a projected revenue of over EUR 3 billion for the fiscal year 2020.^[3][4]

At the end of 2015, the number of full-time employees was over 13,000 in more than 20 countries. 28% are located in Finland, 19% in Sweden, 17% in India, 15% in Czech Republic, 5% in Latvia, and the rest spread across other countries.^[5] 28% of the employees worldwide are women. Net sales by country was Finland 47%, Sweden 36%, and International 17%. As of 2014, 42.7% of Tieto's shareholders are Finnish and 3% are Swedish and 1% Bulgarian.