Last €20.90 EUR
Change Today +0.20 / 0.97%
Volume 104.5K
As of 11:29 AM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

tieto oyj (TIE1V) Snapshot

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06/19/14 - €22.64
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12/23/13 - €16.03
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tieto oyj (TIE1V) Details

Tieto Oyj provides managed services, consulting and system integration, industry products, and product development services in Finland and internationally. It offers application development services, including development platform as a service, development consulting, IT lifecycle extension, and open application suite; application management services; and business and IT consulting services, including co-creation, enterprise information management, industry and business consulting, practical project steering, project and program management, and enterprise modernization. The company also provides business process services, such as business information exchange and intelligent transportation system services; and enterprise applications, including Integrated SAP solutions, integration services, enterprise resource planning and customer relationship management solutions based on Microsoft technology platform, and Oracle services implementation, customization, enhancement, integration, and management services. In addition, it offers front end solutions, such as contact centre as a service, a pay per use solution; and Tieto Future Office, as well as operates Tieto Open Mobility Platform, a suite of mobility accelerators. Further, the company provides business intelligence and enterprise content management services; infrastructure solutions and services; and product development services in the field of communications and embedded technologies. Additionally, it offers application performance monitoring, testing, and troubleshooting services; test tools as service; and test automation solutions. The company provides its services to customers in the automotive, energy utilities, financial services, forest, healthcare and welfare, logistics, manufacturing, media, oil and gas, public, telecom, and retail and wholesale industries. Tieto Oyj was founded in 1968 and is headquartered in Helsinki, Finland.

13,878 Employees
Last Reported Date: 10/23/14
Founded in 1968

tieto oyj (TIE1V) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: €673.1K
Compensation as of Fiscal Year 2012.

tieto oyj (TIE1V) Key Developments

Tieto Enters Agreement to Introduce M-Payments in Serbia

Tieto has signed the trilateral agreement with the MeaWallet and Serbian payment card processing centre Chip Card on providing a platform for mobile payments in Serbia. With the joint partner platform, the processing centre can offer its customers new-generation services such as mobile wallet and mobile payments via NFC early in 2015.

Tieto and SBAB Sign New Contract for Cloud Services

SBAB extends its IT-operation agreement with Tieto. The agreement is valid for five years. Tieto has extensive experience and knowledge of IT operations and a good understanding of SBAB's needs. The key deciding factor for SBAB was above all their new cloud solution that will make SBAB more cost effective while becoming faster and more agile in the IT delivery to its customers.

Tieto Signs New Agreement with City of Stockholm to Manage Service Desk for New School Platform

Tieto has signed a new agreement with the City of Stockholm to manage the general support service for Stockholm’s new IT-based operating system for schools. The new Service Desk agreement means that Tieto will be providing support via channels including phone, email and chat for around 300,000 users at Stockholm’s 1,400 schools and pre-schools. The agreement runs until 2018, with an option to extend for another two plus two years.


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TIE1V Competitors

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Industry Average

Valuation TIE1V Industry Range
Price/Earnings 34.2x
Price/Sales 0.9x
Price/Book 3.1x
Price/Cash Flow 13.5x
TEV/Sales 0.8x

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