# TietoEVRY Oyj > Clarifo company profile — qualitative business description generated from > the company's filings. Financial statements, charts and ratios are > available on Clarifo (https://www.clarifo.com/en/companies/tietoevry). ## Overview Tietoevry is a technology company headquartered in Finland, specializing in software and technology consulting services. The company has a strong Nordic heritage and serves thousands of enterprise and public sector customers globally. Tietoevry focuses on driving innovation and efficiency through its expertise in AI, cloud, and data management. It operates through distinct business segments, including Tietoevry Create, Banking, Care, and Industry, each targeting specific industry needs and leveraging its strong market position in the Nordics for selective European expansion. ## Products & services • Tietoevry Create: Digital innovation and cloud-native development • Tietoevry Banking: Fintech software solutions • Tietoevry Care: Data-driven care software • Tietoevry Industry: Scalable industry software • Technology consulting services - **Tietoevry Create** (40%) — Digital innovation and cloud-native development services. - **Tietoevry Banking** (30%) — Fintech software solutions for the financial sector. - **Tietoevry Care** (15%) — Data-driven care software for healthcare sectors. - **Tietoevry Industry** (15%) — Scalable software solutions for various industries. - Tietoevry Create: Digital innovation and cloud-native development - Tietoevry Banking: Fintech software solutions - Tietoevry Care: Data-driven care software - Tietoevry Industry: Scalable industry software - Technology consulting services ## Customers Tietoevry serves a diverse range of customers, including enterprises and public sector organizations across multiple geographies. Its customer base is primarily located in the Nordics, but it is expanding into other European markets. Customers choose Tietoevry for its deep industry knowledge, technical expertise, and innovative solutions that drive operational efficiency and business transformation. The company focuses on building long-term relationships by offering tailored solutions that meet specific industry needs, particularly in financial services, healthcare, and industrial sectors. - **Enterprises** (primary) — Digital transformation and cloud solutions for operational efficiency. - **Financial Institutions** (primary) — Fintech innovations for modernizing financial services. - **Healthcare Providers** (secondary) — Data-driven care platforms for improved healthcare services. - **Industrial Companies** (secondary) — Scalable software solutions for various industrial needs. - Enterprises seeking digital transformation and cloud solutions - Financial institutions adopting fintech innovations - Healthcare providers implementing data-driven care platforms - Industrial companies requiring scalable software solutions - Public sector organizations enhancing operational efficiency ## Geography Tietoevry is headquartered in Finland and has a strong presence in the Nordic region, which serves as its core market. The company is actively expanding its operations into other European markets, leveraging its expertise in software and technology consulting. It has competence centers in Europe, India, China, and the Americas, supporting clients in nearly 20 countries. This geographic diversification helps mitigate risks associated with regional economic fluctuations and enhances its ability to serve a global customer base. - Headquartered in Finland with strong Nordic market presence - Expanding into broader European markets - Competence centers in Europe, India, China, and the Americas - Serves clients in nearly 20 countries globally - Geographic diversification mitigates regional economic risks ## Strategy Tietoevry's strategic priorities focus on becoming a European leader in software and technology consulting within selected industries. The company emphasizes a customer-centric approach, simplifying operations, and expanding selectively from its Nordic roots to broader European markets. It aims to maintain a competitive cost base while capturing opportunities in AI, cloud, and data-driven solutions. These strategic initiatives are designed to strengthen its market leadership and drive sustainable growth. - **Customer-centric approach** (short-term) — Enhance service delivery and customer satisfaction - **Selective European expansion** (medium-term) — Broaden market reach and leverage Nordic expertise - **Competitive cost base** (short-term) — Ensure operational efficiency and cost-effectiveness - Customer-centric approach to enhance service delivery - Simplifying operations to reduce complexity - Selective expansion from Nordic roots to European markets - Maintaining a competitive cost base for efficiency - Capturing opportunities in AI, cloud, and data solutions ## Risks Tietoevry faces several risks, including geopolitical instability, which could disrupt operations in certain regions. The company is also exposed to climate change risks, necessitating efforts to reduce carbon emissions and improve energy efficiency. Additionally, the rapid pace of technological change, particularly in AI and cloud technologies, presents challenges in maintaining competitive offerings. Retention and attraction of skilled employees are crucial for sustaining growth and innovation. The company must also navigate regulatory uncertainties and potential impacts on its supply chain and cost structure. - **Geopolitical instability** [high] — Disruption in regions of operation - **Climate change** [medium] — Need for emission reductions and energy efficiency - **Technological change** [high] — Maintaining competitive offerings in AI and cloud - Geopolitical instability affecting regional operations - Climate change impacts necessitating emission reductions - Rapid technological change in AI and cloud sectors - Retention and attraction of skilled employees - Regulatory uncertainties impacting supply chain and costs ## Accounting Tietoevry's financial reporting is subject to seasonal variations, with the third-quarter sales typically affected by vacation periods, and the fourth-quarter benefiting from higher license sales. The company uses IFRS standards, and its revenue recognition is influenced by contract terms and delivery timelines. The divestment of Tietoevry Tech Services has been accounted for as a discontinued operation, affecting the comparability of financial statements. Management's estimates and assumptions play a significant role in financial reporting, particularly in areas requiring judgment such as provisions and contingent liabilities. - **Seasonal variations** — Significant - **Revenue recognition** — Material - **Divestment accounting** — Significant - Seasonal variations affect quarterly sales and profitability - Revenue recognition influenced by contract terms and delivery timelines - Divestment of Tietoevry Tech Services as a discontinued operation - Management's estimates impact financial reporting - Provisions and contingent liabilities require judgment --- *Last updated: 2026-08-11T04:04:56.654553+00:00*