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COMPUTER HARDWARE & SERVICES | IT Services

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Portfolio Exits

1

Partners & Customers

10

Service Providers

3

About Tieto - Oil and Gas software business

Tieto creates tools and services including business process services, consulting services, devops, outsourcing, and more.On February 16th, 2021, Tieto - Oil and Gas software business was acquired by Quorum Software. The terms of the transaction were not disclosed.

Tieto - Oil and Gas software business Headquarter Location

Keilalahdentie 2-4 PO Box 2

Espoo, 02101,

Finland

+358 (0) 20 72010

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Tieto - Oil and Gas software business Web Traffic

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Page Views per Million (PVPM)
Reach per Million (RPM)
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Research containing Tieto - Oil and Gas software business

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Tieto - Oil and Gas software business in 2 CB Insights research briefs, most recently on Nov 22, 2019.

Latest Tieto - Oil and Gas software business News

Nordic IT services firm TietoEvry's quarterly profit beats expectations

Oct 26, 2021

Nordic IT services provider TietoEvry reported on Tuesday third-quarter operating profit above analysts' expectations driven by strong growth in its software businesses. The Finnish company, which finalised the acquisition of Norway's Evry in December 2019, said its adjusted operating profit before amortisation (EBITA) rose to 94 million euros ($109.40 million) from 90 million a year earlier, compared with analysts' 88-million-euro estimate in a company-provided poll. ($1 = 0.8593 euros) REUTERS

Tieto - Oil and Gas software business Portfolio Exits

1 Portfolio Exit

Tieto - Oil and Gas software business has 1 portfolio exit. Their latest portfolio exit was Tieto - ProArc Unit on February 01, 2018.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/1/2018

Divestiture

1

Date

2/1/2018

Exit

Divestiture

Companies

Valuation

Acquirer

Sources

1

Tieto - Oil and Gas software business Acquisitions

8 Acquisitions

Tieto - Oil and Gas software business acquired 8 companies. Their latest acquisition was Evry on December 05, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/5/2019

Take Private

$991

Merger

5

11/5/2018

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$99M

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10

1/9/2018

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$99M

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10

9/1/2016

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$99M

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10

12/3/2015

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$99M

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10

Date

12/5/2019

11/5/2018

1/9/2018

9/1/2016

12/3/2015

Investment Stage

Take Private

Companies

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Valuation

$991

Total Funding

$99M

$99M

$99M

$99M

Note

Merger

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Sources

5

10

10

10

10

Tieto - Oil and Gas software business Partners & Customers

10 Partners and customers

Tieto - Oil and Gas software business has 10 strategic partners and customers. Tieto - Oil and Gas software business recently partnered with SiO on May 5, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

5/11/2020

Partner

SiO

Norway

TietoEVRY Oyj : SiO strengthens its digitalisation and enters into a partnership with TietoEVRY

` We are very pleased that SiO has selected TietoEVRY as its digitalisation partner .

1

2/13/2020

Vendor, and Client

SIA, and Swedbank

Italy, and Sweden

Swedbank connects to EBA Clearing's RT1 with SIA and TietoEvry

Swedbank , the major bank in the home markets of Sweden , Estonia , Latvia and Lithuania , has selected SIA , the leading European hi-tech company in the payment services and infrastructures sector , to enable instant payments through RT1 , EBA Clearing 's panEuropean system with the real-time payments platform of TietoEVRY , a leading digital services and software company .

5

12/20/2019

Partner

UPM

Finland

Tieto extends collaboration with UPM

Tieto Corporation extended and broadened its collaboration with UPM with new long-term contract .

1

10/17/2019

Client

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10

8/30/2019

Client

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10

Date

5/11/2020

2/13/2020

12/20/2019

10/17/2019

8/30/2019

Type

Partner

Vendor, and Client

Partner

Client

Client

Business Partner

SiO

SIA, and Swedbank

UPM

Country

Norway

Italy, and Sweden

Finland

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News Snippet

TietoEVRY Oyj : SiO strengthens its digitalisation and enters into a partnership with TietoEVRY

` We are very pleased that SiO has selected TietoEVRY as its digitalisation partner .

Swedbank connects to EBA Clearing's RT1 with SIA and TietoEvry

Swedbank , the major bank in the home markets of Sweden , Estonia , Latvia and Lithuania , has selected SIA , the leading European hi-tech company in the payment services and infrastructures sector , to enable instant payments through RT1 , EBA Clearing 's panEuropean system with the real-time payments platform of TietoEVRY , a leading digital services and software company .

Tieto extends collaboration with UPM

Tieto Corporation extended and broadened its collaboration with UPM with new long-term contract .

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Sources

1

5

1

10

10

Tieto - Oil and Gas software business Service Providers

3 Service Providers

Tieto - Oil and Gas software business has 3 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Acquired Unit

Investment Bank

Financial Advisor

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Service Provider

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Associated Rounds

Acquired Unit

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Provider Type

Investment Bank

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Service Type

Financial Advisor

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Partnership data by VentureSource

Tieto - Oil and Gas software business Team

8 Team Members

Tieto - Oil and Gas software business has 8 team members, including former Chief Executive Officer, President, Hannu Syrjälä.

Name

Work History

Title

Status

Marc Salas Martínez

Ixonos

Founder

Former

Tomi Teikko

Founder

Former

Hannu Syrjälä

Chief Executive Officer, President

Former

Christer Mattsson

TDC Group, TietoEnator, and Lund University

Chief Financial Officer

Former

Anders Johnsen

Chief Technology Officer

Former

Name

Marc Salas Martínez

Tomi Teikko

Hannu Syrjälä

Christer Mattsson

Anders Johnsen

Work History

Ixonos

TDC Group, TietoEnator, and Lund University

Title

Founder

Founder

Chief Executive Officer, President

Chief Financial Officer

Chief Technology Officer

Status

Former

Former

Former

Former

Former

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