TietoEVRY Corporation
TIETOO.OL
Oslo Stock Exchange208.20
NOK
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TietoEVRY Corporation
TIETOO.OL
(Oslo Stock Exchange)
Recent
price
208.20
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- TietoEVRY Oyj Tietoevry Oyj (TIETOO.OL) is a Finnish software and digital engineering services company that develops mission-critical solutions for industries including banking, healthcare, public sector, energy, forestry, pulp & paper, and utilities; its specialized vertical software businesses encompass Tietoevry Banking, offering financial software products, platforms, and services; Tietoevry Care, providing modular, open, and interoperable software for Nordic health and social care; Tietoevry Industry, delivering software and data solutions across diverse industrial domains; and Tietoevry Create, focusing on digital engineering with design, data, cloud, AI, and software capabilities to accelerate customer product development and data-driven operations. Founded in 1968 with roots tracing to Tietotehdas Oy and headquartered in Espoo, Finland, the company operates in over 20 countries with major delivery centers in the Czech Republic, Poland, India, and China, serving customers primarily in the Nordics while pursuing selective international expansion in Europe, and employs approximately 15,000 professionals generating annual revenue near EUR 2 billion. In recent developments, TietoEVRY divested its Tech Services business to Agilitas Private Equity in September 2025, streamlining its portfolio to core vertical software and digital engineering units presented as discontinued operations from Q1 2025; rebranded to Tieto in November 2025 to reflect its renewed strategic focus on specialization, cloud-native services, and scalable software with updated targets of over 5% annual revenue growth and over 16% adjusted operating margin by 2028; secured a strategic multi-year contract in October 2025 with Kesko for Business Information Exchange services covering Finland and Nordic/Baltic operations through 2031; and follows prior moves like the 2023 acquisition of MentorMate and the foundational 2019 merger of Tieto and EVRY.