TietoEVRY Strengths, Domain Expertise, and Key Differentiators
TietoEVRY offers a broad portfolio of digital services and industry-specific solutions, enabling it to serve diverse sectors such as banking, healthcare, and public services. It combines software development, cloud infrastructure, and consulting capabilities, supported by a strong Nordic presence and expanding global footprint. The company’s expertise in hybrid and sovereign cloud solutions addresses regulatory and data sovereignty requirements. Its strategic partnerships, including with AWS, enhance its ability to deliver scalable and flexible technology services.
TietoEVRY Recent Developments
Tietoevry upgraded Chip Card’s payment processing system in Serbia, improving clearing speed, reducing downtime risk, and lowering operational costs.
In June 2023, Tietoevry applied generative AI in healthcare to free medical staff from manual data tasks, aiming to improve patient care and reduce costs.
In January 2023, Tietoevry sold its wood supply software business to Vela Software International, transferring about 30 employees; the business generated roughly EUR 3 million in 2021 revenue.
On June 19, 2023, Tietoevry Banking launched Payments as a Service Plus (PaaS+), a cloud payments platform with managed services to help financial institutions meet growing customer and compliance demands.
TietoEVRY Mergers and Acquisitions (M&A) Activities
In 2024, Tietoevry did not announce any new acquisitions. However, the company made significant strategic moves, including divestitures and a planned demerger:
In March 2025, Tietoevry entered into an agreement to sell its Tech Services business to funds advised by Agilitas Private Equity LLP for EUR 300 million. The transaction is expected to close during the third quarter of 2025, subject to customary regulatory approvals. This move is part of Tietoevry's strategy to focus on its core software and digital engineering businesses.
In June 2024, Tietoevry announced its decision to divest its 50% ownership in Buypass AS, a company co-founded by Tietoevry and Norsk Tipping. The transaction was subject to approval by the Norwegian Financial Supervisory Authority, expected in the third quarter of 2024.
TietoEVRY Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying TietoEVRY applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of TietoEVRY and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Emric Leasing software, TietoEVRY Data Analytics Sandbox, TietoEVRY AML, TietoEVRY Payment Hub, TietoEVRY Collection Suite Nova customers.
TietoEVRY Overview
Keilalahdentie 2-4
Espoo, x, 2150, Finland
3582072010
Ownership: - HEL: TIETO
Number of Employees: 22941
Functional Markets: Analytics and BI, ERP Financial, ERP Services and Operations,
Key Verticals: Automotive, Banking and Financial Services, Communication, Construction and Real Estate, CPG, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Oil Gas Chemicals, Professional Services, Retail, Transportation, Utility,
TietoEVRY Key Enterprise and Cloud Applications
Emric Leasing software, TietoEVRY Data Analytics Sandbox, TietoEVRY AML, TietoEVRY Payment Hub, TietoEVRY Collection Suite Nova
TietoEVRY Revenues, $M:
| Type/Year | 2023 | 2024 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
TietoEVRY Revenue Breakdown By Type, $M:
TietoEVRY Enterprise Applications Revenues By Functional Markets, $M:
TietoEVRY Enterprise Applications Revenues By Verticals, $M:
TietoEVRY Revenues By Region, $M
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 Enterprise Applications Revenues, $M | 2024 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
TietoEVRY Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
TietoEVRY Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified TietoEVRY Customers
No. of TietoEVRY Customers: x
No. of TietoEVRY Enterprise Applications Customers: x
No. of TietoEVRY Cloud Customers: x
No. of TietoEVRY Cloud Subscribers: x
TietoEVRY serves a diverse range of clients across multiple industries, including banking, healthcare, and the public sector. Its customer base includes large enterprises, public institutions, and mid-sized organizations in over 90 countries. The company supports substantial transaction volumes and manages millions of payment cards globally.
TietoEVRY Market Opportunities, M&A and Geo Expansions
Tietoevry Create, the company's digital engineering arm, implemented a new operating model in mid-2024. This restructuring aimed to unify customer engagement, integrate delivery operations, and accelerate service innovation. As part of this process, approximately 400 positions were affected globally, primarily in Bulgaria, Ukraine, and India .
TietoEVRY Risks and Challenges
Specific risk for TietoEVRY is its reliance on key contracts with large clients, including public sector organizations and major enterprises. The loss or non-renewal of significant contracts could materially impact revenue and profitability, given the long sales cycles and competitive nature of the IT services market.
TietoEVRY Ecosystem, Partners, Resellers and SI
Tietoevry maintains a partner ecosystem comprising technology alliances, resellers, and co-innovation collaborations. It works with global providers like Microsoft, Google Cloud, IBM, and AWS to deliver integrated cloud and AI solutions. Notable partnerships include Microsoft for cloud transformation in the Nordics and IBM for secure payment technologies in financial services. Tietoevry also partners with specialized firms such as Annata, integrating automotive solutions, and eccenca, advancing supply chain digitalization. These collaborations support Tietoevry’s goal to develop comprehensive solutions across industries.
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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