TietoEVRY Strengths, Domain Expertise, and Key Differentiators
TietoEVRY provides fit-for-purpose solutions for customers to increase their business agility, growth and innovation. TietoEVRY Group comprises six operating segments: Digital Consulting, Cloud & Infra, Industry Software, Financial Services Solutions, International Operations and Product Development Services. T
Tieto aims to capture the significant opportunities of the data-driven world and turn them into lifelong value for people, businesses and society. They aim to be customers first choice for business renewal by combining their software and services capabilities with a strong drive for co-innovation and ecosystems.
Through the Tieto Emric leasing platform, an entire application and administrative process are automated, whether you are dealing with complex, structured financing or small-ticket, high-volume flows. The autonomous system can be tailored to a wide range of markets, languages and currencies, optimising your business while saving time and money.
TietoEVRY Recent Developments
TietoEVRY creates a digital advantage for businesses and society. TietoEVRY services company organized around 4 areas of activity technological and modernization services, industrial software integration, consulting and implementation services and design and development of telecommunications solutions.
In June 2021, the TietoEVRY, MYPINPAD and Surfboard partnership brings a newly developed payment solution to the Nordic market that enables merchants to securely accept payments via any Android or iOS device without the need for single-purpose card terminals. The solution supports the consumer’s choice of payment methods, such as card, Swish, mobile payments, or invoices.
In January 2019, Blue Prism, the provider of trusted and secure Robotic Process Automation (RPA) platform, and Tieto have established the partnership, to accelerate RPA deployments and realization of automation benefits for Nordic enterprises and public-sector organizations. For many companies, automation savings can be up to 30% of the cost of operations. The partnership strengthens both companies' capabilities to serve the Nordic market with automation solutions.
In February 2019, Tieto credit solutions and credit management giant Lowell will strengthen their relationship with the launch of a joint digital offering for the collections market. The new collaboration will aim to simplify the collections process while greatly advancing technology in areas such as benchmarking and analytics.
Tieto's full-stack service portfolio, strong industry process, and enterprise application expertise, combined with the powerful Blue Prism RPA platform, create unique competencies to accelerate companies' automation development and management robot lifecycles.
TietoEVRY Mergers and Acquisitions (M&A) Activities
In December 2019, Tieto and EVRY joined forces. The companies jointly create TietoEVRY Corporation. The transaction was considered highly complementary from a geographical, offering and customer perspective. With combined revenue of close to EUR 3 billion, leading digital consulting practices, competitive industry-specific software and scalable technology platforms, the company is well-positioned to create a digital advantage for Nordic enterprises and society.
In November 2018, Tieto acquired Meridium AB, a Swedish company employing about 60 digital customer experience professionals. With the acquisition of Meridium AB, Tieto strengthens its presence in Sweden and enhances its capabilities to serve Nordic customers in developing ways to interact with their customers in the digital world.
Tieto Oyj Acquires Emric AB, a global provider of software solutions for origination and management of virtually any type of loan, mortgage, asset finance and lease.
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
Ownership: - HEL: TIETO
Number of Employees: 24000
Functional Markets: Analytics and BI, ERP Financial, ERP Services and Operations Management, PaaS, IaaS,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Consumer Packaged Goods, Distribution, K485, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Hospitality, Life Sciences, Manufacturing, Media, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
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 | 2020 | 2021 | 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:
| Type | License | Prof. Services | Hardware | Support & Maintenance | SaaS | PaaS | IaaS | Other (Non Enterprise Application Revenues) | Total |
|---|---|---|---|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | 100% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
TietoEVRY Enterprise Applications Revenues By Functional Markets, $M:
TietoEVRY Enterprise Applications Revenues By Verticals, $M:
TietoEVRY Revenues By Region, $M
| Region | % of Total Revenues | 2021 Total Revenues, $M | 2021 Enterprise Applications Revenues, $M | 2021 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
| Region | 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: 4000
No. of TietoEVRY Enterprise Applications Customers: x
No. of TietoEVRY Cloud Customers: x
No. of TietoEVRY Cloud Subscribers: x
TietoEVRY is serving thousands of enterprise and public sector customers in more than 90 countries. TietoEVRY software assets modernize core processes across the Financial services, Healthcare, Public services, Manufacturing and Energy sectors, while our advanced software R&D services digitalize our customer's products.
In February 2020, Telenor extended its agreement with TietoEVRY on IT infrastructure and cloud services for four more years. The renewed partnership will ensure that Telenor will be able to accelerate its digital transformation, and simultaneously provides a high level of focus on security, agility and stability.
In January 2020, EasyUse signed an agreement with TietoEVRY within the Cards business area. This is a five-year agreement for the delivery of a Prepaid closed-loop service within the ferry and cruise shipping segment. The cards will be used onboard ships and at partner merchants like hotels and shops.
In March, Malaysian Newsprint Industries Sdn Bhd (MNI), one of the leading manufacturers and suppliers of paper across South East Asia, selected TietoEVRY as their business transformation partner.
In April 2020, TietoEVRY signed an agreement with SEB for Virtual Account Management software. The solution will allow SEB to offer its corporate customers virtual cash management services. The new service will support SEB’s multinational corporate customers that need a fast and reliable way to centralize the collection of payments and rationalize bank account structure.
In May 2020, TietoEVRY and Finland’s Legal Register Centre signed a new contract for the further development of digital citizens’ services. Expanding their long-term relationship, this project covers application management and service production of legal aid, and financial and debt counselling systems. The project is a part of the Legal Register Centre’s overall operations standardization and development drive, which will usher in improved digital services for Finnish citizens.
In June 2020, TietoEVRY signed an agreement with International Card Services (ICS), part of ABN AMRO, the largest credit card issuing business in the Netherlands, to modernize the customer’s Cards solution and to deliver end-to-end services based on a Software as a Service agreement, valid for over seven years.
TietoEVRY Market Opportunities, M&A and Geo Expansions
Headquartered in Finland, TietoEVRY employs around 24 000 experts globally. The company serves thousands of enterprise and public sector customers in more than 90 countries. TietoEVRY’s annual turnover is approximately EUR 3 billion and its shares are listed on the NASDAQ in Helsinki and Stockholm as well as on the Oslo Børs.
TietoEVRY differentiating software assets modernizing core processes acrosServicesial services, Healthcare, Public services, Manufacturing and Energy sectors and advanced software R&D services digitalizing customers’ products.
In October 2021, the OpsRamp availability platform enhances TietoEVRY’s IT infrastructure and application management services, bringing AIOps, automation, and intelligent IT monitoring to Nordic customers.
In September 2021, TietoEVRY has formed a partnership with transformation consultants Brainboss. The Utrecht-based company has extensive experience in managing complex projects in the financial and other sectors and will bring additional, locally based competencies, as TietoEVRY continues to expand its digital banking service offering in the region.
In March 2020, Tieto joined Almedalen in Sweden and SuomiAreena in Finland to drive societal discussions and awareness around digitalization and its role in the development of Nordic societies.
TietoEVRY Risks and Challenges
In June, the company redefined the scope and operating model of its partnership with IBM and took full responsibility for the service processes and quality. Furthermore, the company’s decision to end the SmartUtilities platform concluded a multi-year investment and eliminates further potential negative profit impact.
In December 2019, Tieto merged with EVRY ASA and formed TietoEVRY Corporation (formerly Tieto Corporation).
The merger integration and related transformation of the company will continue to affect performance in the short term and may result in temporarily lower productivity.
TietoEVRY Ecosystem, Partners, Resellers and SI
The company has established Country Teams in Norway, Sweden and Finland to integrate the capabilities of the company for Nordic customers. Product Development Services operates as a separate unit, serving their customers globally. Competitive and scalable services are made available through local teams and global delivery centres in countries such as the Czech Republic, China, India and Poland.
International businesses include selected industry software and financial services solutions as well as the International Operations segment, which includes businesses in Austria, the Baltic countries and Russia. Furthermore, International Operations serve non-Nordic customers from India and Ukraine.
TietoEVRY Cloud Infrastructure Insights
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- TietoEVRY Public Cloud and Infrastructure (IaaS)
- TietoEVRY Platform (PaaS)
- TietoEVRY Application Delivery
- TietoEVRY Private Cloud and Data Centers
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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