TietoEVRY is announcing its new strategy driving customer value and growth through specialization. The technology industry is reshaping with cloud as the foundation, providing expansion opportunities for the company. Expansion focus will be on cloud-native services, data & software engineering and scalable software businesses. In managed application and infrastructure services, the company will seek partnerships to invest and build scale.

“The global technology market is going through a profound change as the market becomes cloud enabled and new technologies are at the core of enterprise business renewal. This is the right time to renew our strategy, also in light of our integration progress, and capture the opportunities stemming from the high growth markets of cloud and software.

The change in the market opens opportunities for TietoEVRY to provide high value creation, operational agility and innovation for our clients through specialization. We believe this specialization focused strategy with six end-to-end businesses will be highly competitive in the market. Our businesses will be able to explore alternative means to accelerate growth and expansion through business specific investments, partnerships and potential M&A. With this strategy, we also enable further value creation for our shareholders.

The direction we are setting today is the biggest change in the company’s history – and we take a quantum leap forward in our potential. I trust these changes are also highly rewarding to our employees as we all get enhanced learning opportunities and sense of pride from individual contribution to our customer success. I am excited to embark on this new phase and the opportunities it brings to unlock the full potential of our global team of 24 000 experts – towards solutions that make a world of difference,”
says Kimmo Alkio, the President and CEO.

Read the stock exchange release