Tieto (formerly TietoEVRY) Overview
Pro stress-test →Tieto is a leading software and digital engineering services company with global market reach and capabilities, providing customers across different industries with mission-critical solutions through specialized software businesses including Tieto Caretech, Tieto Banktech and Tieto Indtech as well as Tieto Tech Consulting. In November 2025, the company announced a rebrand back to the name Tieto to reflect a sharpened focus on core vertical software and digital consulting businesses, following the divestment of its Tech Services division.
Strategic Profile
Pro stress-test →In early 2025, Tietoevry sold its Tech Services business unit to the private equity firm Agilitas, and in July, Endre Rangnes was appointed as the president and CEO of Tietoevry. The company has around 14,000 talented vertical software, design, cloud and AI experts dedicated to empowering customers to succeed and innovate. The strategic repositioning targets specialized vertical markets including healthcare, banking, and industrial sectors.
Competitive Landscape
Pro stress-test →Top competitors include UST, Mindtree and Hewlett Packard Enterprise. Tieto competes in the fragmented global IT services and software market but differentiates through deep vertical expertise in Nordic markets, particularly in healthcare (Care), banking (Banktech), and industrial sectors (Indtech), as well as digital engineering services (Create).
Industry Context
Tieto (formerly TietoEVRY) operates in IT Services & Software Solutions.
Key facts
Founded: 1968 · Headquarters: Espoo, Finland · Employees: 14000 · Revenue: $2.26B · Market cap: $2.61B