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Last €22.74 EUR
Change Today -0.05 / -0.22%
Volume 16.1K
TIE1V On Other Exchanges
As of 4:33 AM 10/7/15 All times are local (Market data is delayed by at least 15 minutes).

tieto oyj (TIE1V) Snapshot

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52 Week High
07/23/15 - €24.00
52 Week Low
10/16/14 - €17.26
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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, enterprise architecture consulting, 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 center as a service, enterprise mobility, digital workplace, and open mobility platform services. Further, the company provides industrial Internet services; business intelligence and enterprise content management; infrastructure solutions and services; and testing services, such as application performance management, test tools as a service, and test automation services. Additionally, it offers product development services for communications and embedded technologies. The company provides its services to customers in the 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.

12,949 Employees
Last Reported Date: 07/22/15
Founded in 1968

tieto oyj (TIE1V) Top Compensated Officers

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Executives, Board Directors

tieto oyj (TIE1V) Key Developments

Tieto Oyj Launches New Cloud Service Platform

Tieto Oyj has launched a new cloud service platform, Tieto Enterprise Cloud Orchestrator, or TECO. Tieto Enterprise Cloud Orchestrator (TECO) enables companies and organizations to significantly reduce the time needed to deploy new services while at the same time cutting costs by 20%. The highly automated solution has been developed together with Nordic enterprises. Tieto Enterprise Cloud Orchestrator automates end-to-end application lifecycle management and deployment of infrastructure and platforms that helps enterprises and organizations to industrialize their IT and transform their processes to digitalize and accelerate their business. It gives companies the ability to innovate and deploy new digital products and services in a much faster and more agile way. Saving time and money - launching new services in minutes instead of months via self-service The new service makes it possible to integrate legacy systems and cloud in an optimized way. Based on open, standard APIs (Application Programming Interfaces) TECO lets the customer make use of applications already available in the cloud ecosystem. Through a self-service portal the customer can order, control and follow their deployed business architectures in real-time, making new applications and updates available for end users in an instant. Development processes that used to take weeks or even months can now be automated and executed in minutes. Early TECO customer cases have shown a 40% level of improved process efficiency in development, and an average decrease of 20% in ICT costs due to increased automation. Tieto Enterprise Cloud Orchestrator has been developed in close dialogue with Nordic enterprises. TECO is an addition to Tieto's growing portfolio of digitalisation and cloud services.

Tieto Appoints Torstein Harildstad as Vice President, Public Norway

Tieto has appointed Torstein Harildstad as Vice President, Public Norway. The position is new at Tieto, demonstrating Tieto's focus to support its Nordic customers with digitalization across industries. As the first key step, Public Norway will focus on strengthening the organization and developing its service offering by making most of the combined expertise of Tieto and Software Innovation. Torstein Harildstad has gained 20 years of experience from various leadership roles, including 10 years at Microsoft. He has been with Software Innovation since 2010 and has put a lot focus on change management during his career.

Tieto and Kammarkollegiet Sign New Agreement on Digitalization Services for Public Sector

Tieto has signed a framework agreement with Kammarkollegiet to provide information management and e-Government services to the public sector. The framework agreement comprises seven different providers and has an estimated total value of about SEK 400 million per year over the next four years. The agreement comes into force in November 2015 and is a continuation of the government’s efforts to increase the digitalization of society. It paves the way for smoother call-offs and makes it easier for municipalities, counties and government agencies to buy services and software. One of the main areas encompassed by the framework agreement is electronic archiving as well as case and document management, which supports employees in their daily operations and enables new services for citizens. The agreement includes cloud services, software and other solutions for the continued digitalisation of the public sector. Tieto has collaborated with Kammarkollegiet for more than ten years, delivering services that have simplified the daily contact between the public sector and individual citizens and companies. This includes increased possibilities to monitor the processing of a case by a municipality or a government agency.


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Valuation TIE1V Industry Range
Price/Earnings 82.1x
Price/Sales 1.1x
Price/Book 4.0x
Price/Cash Flow 20.4x
TEV/Sales 1.0x

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