News ·
Tieto Acquires Software Innovation from Atlantis Vest and Meteva
Software Innovation is a recognized market leader in the Nordic region in the field of enterprise content management, serving both the public and private sectors. The company has gained market share and enjoyed solid profitability in recent years. Software Innovation has approximately 350 employees, and in 2014, the company generated revenue of
“The acquisition of Software Innovation is important for Tieto and will enhance our ability to more quickly offer our customers in the Nordic region digital services that will contribute to increased growth. We are strengthening our position, particularly in the public sector, as a leading advisor at the intersection of business processes and new technology. We warmly welcome our new colleagues at Software Innovation to Tieto, and together we will continue this exciting journey with Tieto’s focus on creativity, innovation, and growth,” says Kimmo Alkio, President and CEO of Tieto.
“Our original plan regarding our ownership stake in Software Innovation was to be a long-term owner and implement the strategy set out in 2017. However, we have chosen to accept Tieto’s offer, both because we consider it financially sound and because we firmly believe that Tieto is a good and suitable industrial owner for Software Innovation. Tieto’s market position will enable significant growth for Software Innovation in line with the company’s existing strategies and plans. We look forward to seeing what Tieto and Software Innovation can achieve together going forward,” says Trond Valvik, Chief Investment Officer at Atlantis Vest and outgoing Chairman of the Board at Software Innovation.
“This is a very exciting opportunity for Software Innovation, and I am convinced that we will be able to offer our customers greater value through a broader range of digitalization solutions. Both existing and new customers will be able to benefit from Tieto’s global delivery model and all of our Nordic areas of expertise. By becoming part of a larger company, I am confident that both customers and employees have a lot to look forward to,” says Torstein Harildstad, CEO of Software Innovation. Harildstad will be responsible for Software Innovation at Tieto.
About Software Innovation Software Innovation helps businesses manage, share, and utilize information so that it becomes their most valuable resource. We have 30 years of expertise and experience in developing modern, user-friendly IT solutions that improve and streamline document management, case management, and technical document control. Software Innovation is recognized as a leading international player by companies such as Gartner and Microsoft, and our solutions are used by more than 700 organizations and 200,000 users. Software Innovation has 350 employees with offices in Copenhagen, Stockholm, and Bangalore, and is headquartered in Oslo.
About Tieto Tieto is the largest IT services company in the Nordic region, providing solutions and services that cover the entire IT lifecycle. We also offer global product development services in the field of information and communication technology. Through industry expertise, technological vision, and innovative thinking, Tieto aims to inspire and challenge our customers to find new ways to develop their businesses. Building on a strong Nordic heritage, Tieto combines global expertise with a local presence. Tieto is headquartered in Helsinki, Finland, and employs over 13,000 experts in more than 20 countries. Its revenue is approximately 1.5 billion euros. Tieto’s shares are listed on NASDAQ in Helsinki and Stockholm. www.tieto.no