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Tieto sells its Belarus operations to ScienceSoft and agrees on a long-term subcontracting partnership

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Thu Nov 1, 2012 6:00am EDT

Tieto Corporation  PRESS RELEASE   1 November 2012 at 12.00 am EET

Tieto has decided to sell the shares of its Belarus operations to ScienceSoft that will remain as Tieto's subcontractor for customer deliveries. All 90 employees of Tieto Belarus will be employed by ScienceSoft. The divestment supports Tieto's strategy to simplify and focus its operations geographically.

The unit in Minsk, Belarus was established at the end of 2007 to act as near-shore development centre for various Tieto businesses, and especially to support the growth in Russia.

"With this arrangement the options for growth remain unchanged and also the availability of high quality competence will continue under a new set-up," says Sampo Salonen, Executive Vice President, Global Delivery and Quality, Tieto.

ScienceSoft has customers in 20 countries, mainly in Europe, USA and Russia. For Tieto, ScienceSoft has been a long-term partner since 2007. As part of this arrangement ScienceSoft will establish an ODC (offshore development centre) for parts of current Tieto production. The security regulations and working methods will follow Tieto's practices and customer commitments. Part of Tieto deliveries will be gradually transferred to Tieto's Global Delivery Centers in the Czech Republic and in India.

For further information, please contact:
Sampo Salonen, Executive Vice President, Global Delivery and Quality, tel. +358 40 500 9272, sampo.salonen(at)tieto.com

TIETO CORPORATION

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Tieto is the leading IT service company in Northern Europe providing IT and product engineering services. Our highly specialized IT solutions and services, complemented by a strong technology platform, create tangible business benefits for our local and global customers. As a trusted transformation partner, we work closely with our customers and understand their unique needs. With approximately 18 000 experts, we aim to become a leading service integrator creating the best service experience in IT. www.tieto.com



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Source: Tieto Oyj via Thomson Reuters ONE
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