into this article . discuss proposed since august 2016 . tieto oyj type julkinen osakeyhti traded as nasdaq helsinki tie1v industry it services it consulting founded 1968 headquarters helsinki finland key people markku pohjola chairman kimmo alkio president and ceo services it business consulting and outsourcing services revenue 1.460 billion 2015 1 operating income 125.2 million 2015 1 profit 90.5 million 2015 1 total assets 1.086 billion end 2015 1 total equity 482.9 million end 2015 1 number of employees 13 083 fte end 2015 1 website www.tieto.com tieto oyj until april 2009 tietoenator is an it software and service company providing it and product engineering services . active in more than 20 countries with approximately 13 000 employees tieto is one of the largest it service providers in europe . tieto is domiciled in helsinki finland and the company s shares are listed on the nasdaq omx helsinki and stockholm . 2 the company provides services to the following industry groups financial services ; public healthcare & welfare ; industrial and consumer services . service lines are technology services and modernization industry solutions including data driven businesses organized independently of other businesses ; business consulting and implementation ; product development services . 3 at the end of 2015 the number of full time employees was over 13 000 in more than 20 countries . 28 % is located in finland 19 % in sweden 17 % in india 15 % in czech republic 5 % in latvia and the rest spread across other countries . 4 28 % of the employees worldwide are women . net sales by country was finland 47 % sweden 36 % and international 17 % . as of 2014 42.7 % of tieto s shareholders are finnish and 3 % are swedish . contents 1 history 1.1 finland and corporate origins 1.2 new corporate brand and name in 2008 2 2014 to present 2.1 defining growth areas and investments in key services 2.2 internal start ups 2.2.1 serial entrepreneur taneli tikka appointed to lead industrial internet start up 2.2.2 customer experience management start up 2.2.3 launch of security services start up 2.3 major acquisitions 2.3.1 smilehouse 2.3.2 imano 2.3.3 software innovation 2.4 new headquarters 3 international operations 3.1 tieto norway 3.1.1 lawsuit claims in norway 2007 3.2 tieto sweden 3.2.1 the data center failure in sweden 4 corporate culture and work environment 4.1 environmental achievements 4.2 social achievements 5 products services and expertise 5.1 oil and gas industry 5.1.1 energy components 5.1.2 personnel transportation & tracking 5.2 industry expertise 6 references 7 external links history edit finland and corporate origins edit former company logo for details about the company history before 1999 in finland see tietotehdas oy . tieto started its business operations in espoo finland in 1968 under the name tietotehdas oy . during the company s first years it developed and maintained it systems mainly for the union bank of finland suomen yhdyspankki today nordea its customers and a few forestry companies . 5 the customer base of the company grew during the 1970s to represent several other industries and operations were organized according to these verticals . during the 1990s the company experienced rapid growth through a number of acquisitions mergers and strategic alliances . the company s name was changed to tieto in 1998 . in 1999 tieto and the swedish enator corporation merged to form tietoenator . 5 new corporate brand and name in 2008 edit on 1 december 2008 the company re launched the corporate brand and marketing name tieto which means knowledge in finnish . the official registered name became tieto corporation and the corporation is led from its helsinki headquarters . the president and ceo of tieto is kimmo alkio as of november 2011 . 6 kimmo alkio president and ceo of tieto corporation since 2011 2014 to present edit defining growth areas and investments in key services edit in tieto s 1 12 2014 interim report the company defined its future high growth offerings and investments in other key services 7 investments in future high growth offerings customer experience management lifecare industrial internet investments in other key services selected offerings in industry products to further strengthen well performing solutions in the areas of financial services hydrocarbon accounting and supply chain management standardization of services in application management and automation in infrastructure management cloud services mainly in managed services to further drive growth of existing services and to launch new services . internal start ups edit serial entrepreneur taneli tikka appointed to lead industrial internet start up edit in may 2014 a finnish serial entrepreneur taneli tikka was appointed to lead tieto s industrial internet business . industrial internet is one of tieto s internal start ups and key growth areas . 8 9 customer experience management start up edit tieto launched the internal customer experience management start up in april 2014 as one of the company s key growth investments . mikko leinonen was appointed to lead the second internal start up of tieto as head of customer experience management . 10 launch of security services start up edit tieto launched its internal startup security services in january 2016 to offer digital security services and solutions to enterprises and public sector organizations . markus melin from f secure a global finnish security company was appointed to lead the start up . security services is tieto s third internal start up . the others are industrial internet led by taneli tikka and customer experience management led by mikko leinonen . 11 12 major acquisitions edit smilehouse edit in december 2015 tieto signed an agreement to acquire smilehouse the largest finnish solution provider of multichannel commerce with operations primarily in finland and sweden . the acquisition was made to strengthen tieto s position as one of the leading nordic players in digital customer experience management and to support the company s aim to accelerate growth in this market . before the acquisition smilehouse s annual sales amounted to approximately eur 10 million . smilehouse was consolidated into tieto on 1 december 2015 . 13 14 imano edit in november 2015 tieto acquired imano ab a swedish consulting company offering consulting and digitalization services to paper and forestry industries . the acquisition was made to support tieto s objective of becoming the largest it services provider in the paper and forestry industries in sweden and norway . the company s revenue in 2014 was eur 7.1 million . 15 16 software innovation edit in june 2015 tieto signed an agreement to acquire software innovation a software company in the enterprise content management ecm business in the nordic countries . the aim of the acquisition was to increase tieto s capabilities in enterprise content management across the nordic countries . in 2014 software innovation s net sales amounted to approximately eur 41 million with an operating margin ebit of 12.5 % . in august 2015 the norwegian competition authority approved the acquisition . 17 18 new headquarters edit in december 2015 tieto announced the opening of its new headquarters in keilaniemi espoo finland . the office spaces in keilaniemi are designed for flexible ways of working with open spaces co creative areas and innovation hubs . the move to keilaniemi is planned to take place in stages starting in the fourth quarter of 2016 . since tieto s rental agreement in kilo espoo ends in december 2016 the company expects that the move will have both logistical and financial benefits . 19 20 international operations edit currently tieto operates in more than 20 countries with finland norway and sweden as the main markets . the company s major delivery centres are located in the czech republic poland india and china . tieto also has operations in canada denmark germany great britain malaysia the netherlands and the united states . 21 tieto norway edit tieto operates in norway as the subsidiary tieto norway as . 22 the business in norway was developed through a series of acquisitions starting in 1989 when enator ab acquired the norwegian it consulting company isi as . 23 other significant acquisitions were ementor financial systems in february 2002 24 followed by dawinci services as in december of that year . 25 the latter acquisition provided control over the offshore personnel transportation & tracking solution giving tieto norway a 100 % market share of systems for operating the norwegian continental shelf personnel movements . 26 in 2010 there was a major demerger by a group of tieto norway employees that spun off the company hytracc consulting . 27 28 the new company has established partner offices in the vicinity of the tieto s offices hence both companies provide services for shared customers of the tieto energy components system . 29 lawsuit claims in norway 2007 edit in 2005 the western norway regional health authority norwegian helse vest rhf signed an agreement with tietoenator norway for the delivery of a system for electronic health records . 30 by the end of 2007 helse vest rhf concluded its customer relationship with the company and announced a lawsuit against tietoenator . they claimed that they had spent time resources and efforts on the initial project without seeing tietoenator able to deliver and thus they were going to claim compensation from tietoenator . 30 the word disaster is appropriate eric hansen of helse vest rhf expressed to finansavisen . 31 likewise the southern norway regional health authority helse s r experienced their frame agreement from 2004 to make no deliveries and helse s r therefore also considered legal action . 31 for the 2007 fiscal year tietoenator norway recorded a loss of nok 124 336 000 32 according to the net loss indicated on their financial statement as reported to the br nn ysund register centre . while tietoenator norway employed more than 1000 people in 2002 24 there was a further decline in the number of tieto norway employees from 669 32 to 477 33 between 2007 and 2011 . tieto sweden edit the current business activities in sweden are undertaken by the subsidiary tieto sweden ab 34 based on a restructuring of the former enator corporation . enator corporation started in 1977 as a consultant firm created to support the pronator company with software and project management . in 1990 it merged with modulf retagen adopting its logo from modul and name from enator . enator grew to approximately 650 consultants in sweden denmark norway and finland . in 1993 it was included in the axdata group as a stand alone company but was sold to celsius in 1995 . the subsidiary s name enator was applied to the whole group in 1995 when celsius ab a publicly traded swedish company merged the it operations it had acquired between 1991 and 1994 . until 1994 there were it operations in three separate subsidiaries telub enator and dialog . 35 the merger of the three subsidiaries led to a restructuring program in 1997 . in spring 1996 the corporation was listed on the stockholm stock exchange under the name of enator . 35 during 1998 enator conducted a series of acquisitions to strengthen the company s public sector exposure . the company acquired 51 % of shares in the stockholm based consulting firm programmera . in addition the company acquired two small it companies kvatro telecom in trondheim norway and soft project in hamburg germany and divested from operations in enator telecom mechanics . in april 1999 enator acquired netdesign in denmark . after the enator tieto merger in july 1999 the enator brand was discontinued . 35 the data center failure in sweden edit on 25 november 2011 36 there was a hardware failure in one of tieto s swedish data centers which affected spproximately 50 of its clients including apoteket a national pharmaceuticals retail firm for whom e prescriptions were out of service bilprovningen a swedish motor vehicle inspection firm which was forced to perform inspections with