Tieto Corporation is a prominent European technology services and software provider, focusing on digital engineering, cloud solutions, and industry-specific software. Following a strategic shift and the divestment of its Tech Services (managed infrastructure) business in 2025, the company operates through four specialized segments. Tieto Tech Consulting (formerly Tietoevry Create), which accounts for approximately 47% of revenue, offers global design, data engineering, and digital advisory services. The remaining revenue is generated by its specialized software businesses: Tieto Banktech (around 25%), providing Banking-as-a-Service and financial software; Tieto Indtech (around 15%), delivering software for manufacturing, energy, and public sectors; and Tieto Caretech (around 13%), offering modular health and social care software primarily in the Nordics. The company's business model relies on a mix of software licenses, SaaS subscriptions, and long-term consulting and implementation engagements. Tieto maintains a strong competitive position in the Nordic IT services market, leveraging deep industry expertise and long-standing customer relationships to drive digital transformation.
