Last €18.50 EUR
Change Today +0.03 / 0.16%
Volume 186.3K
As of 11:29 AM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

tieto oyj (TIE1V) Snapshot

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04/4/14 - €19.35
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tieto oyj (TIE1V) Details

Tieto Oyj provides various IT and product engineering services in Finland and internationally. It offers application management services; and transformation and enterprise architecture consulting, enterprise information management, industry and business consulting, lean business improvements, practical project steering, and project program and portfolio management services. The company also provides E-trade solutions that enable order, delivery, catalog etc. message integration between business partners; E-invoicing solutions to collect purchase invoices and distribute sales invoices; bank connectivity solutions; and energy information exchange. In addition, it offers enterprise applications, such as 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. Further, the company provides 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. Additionally, it offers application performance monitoring, testing, and troubleshooting services; rational development platform as a service and test tools as service services; development consulting, IT lifecycle extension, and enterprise modernization services; Tieto Open application suite; and test automation solutions. In addition, the company provides business intelligence and enterprise content management services; infrastructure solutions and services; and product development services in the mobile communications sector. It serves 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.

14,699 Employees
Last Reported Date: 02/20/14
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 and LahiTapiola Sign Agreement on Application Maintenance and Development

Tieto and LahiTapiola have expanded their collaboration and signed a framework agreement on application maintenance and development. In the first phase, LahiTapiola's financial and personnel management system will be renewed. LahiTapiola is entering into this agreement to make its ICT functions more efficient and to reduce costs. The financial management project will begin immediately, and the five-year agreement includes an option to extend the contract by a further two years. The financial management renewal will be done in phases with the aim of extending the system's coverage to all LahiTapiola Group companies by the beginning of 2016. The agreement covers taking over the key financial and personnel management systems and transferring the knowledge related to these systems, deploying the SAP financial management software and implementing a SAP Dynamic Landscape environment.

Billerudkorsnas AB Signs Multi-Year Agreement with Tieto for Tips Business System

BillerudKorsnas AB announced that it has signed a multi-year agreement with Tieto regarding the integration and implementation of the Tieto Integrated Paper Solution or TIPS, business system. The agreement was signed in February and the project is estimated to be completed during the second half of 2016. Apart from implementation, the project also involves upgrading the existing TIPS solution, training key users, providing support and carrying out project management for orders.

Prometera AB Signs Three-Year Contract with Tieto for Cloud Solution

Prometera AB has signed a three-year contract with Tieto, for its cloud solution. The contract is based on a partnership model, covering a service for Workflow and Errand Management, including interfaces towards subcontractors and service partners, as well as Device Management, including warehousing and logistics management of meters and infrastructure equipment. The solution is delivered as a cloud solution, i.e. Software as a Service.


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TIE1V Competitors

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Industry Average

Valuation TIE1V Industry Range
Price/Earnings 21.7x
Price/Sales 0.8x
Price/Book 2.6x
Price/Cash Flow 9.5x
TEV/Sales 0.7x

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