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Specialization-based strategy to accelerate value creation

Cloud and data technologies form the foundation of driving customers' priorities to be agile, competitive, innovative and secure. Technology services and the software industry evolve continuously to become cloud-native with a high emphasis on the transformation towards new scalable technologies and data-driven services including Artificial Intelligence-enabled solutions.

Specialization forms the cornerstone of the strategy, which became effective in January 2022, with the aim of adapting to current and future market drivers and to improve competitiveness and performance. Tietoevry operates as a group of five specialized end-to-end businesses across digital engineering, software and managed services and transformation. Tietoevry’s specialized businesses aim to be among the best in the industry and have full operational responsibility, including go-to-market, service portfolio, delivery capabilities, compensation models, investments and partnerships.

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Strategic reviews to accelerate value creation

In 2022, the company announced that it has initiated a strategic review of the Tietoevry Banking business, including a process to study its potential separation into an independent company that would be listed on a stock exchange. The aim is to accelerate the growth profile, scale and profitability of Tietoevry Banking, and enhance its strategic and financial flexibility to drive value creation for all stakeholders. Tietoevry also initiated a strategic review of its Tietoevry Transform and Tietoevry Connect as a combined business. Tietoevry Transform and Tietoevry Connect were combined into Tietoevry Tech Services on 1 April.

The intended actions will accelerate Tietoevry’s strategy implementation, positioning the company as a high-growth and -margin software and digital engineering business.

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