Elo renews infrastructure and cloud services agreement with Tieto
The Finnish mutual pension insurance company Elo and Tieto have entered into an agreement for the prolongation of the existing contract. This will be focused on cost efficiency and scalability for Elo, as well as a common transformation program, setting Elo up for future success.
Under the five-year agreement, Tieto will provide Elo with infrastructure and cloud services, and create a scalable modern platform to help increase cost-efficiency and simplification as well as creating favourable conditions for Elo’s future business needs and an efficient value chain.
The partnership will focus on helping Elo to reach their targets of simplification and cost-efficiency through delivering cloud services, standard solutions, online services, automation and virtualisation. In addition to this, Tieto will be creating suitable development conditions for the renewal of systems and technologies as a part of a common transformation program.
– We have been working with Elo for a long time and we are very happy to have their continued trust. We look forward to work closely with Elo to achieve their transformation goals, says Maarit Selin, Vice President Tieto Financial Services Finland.
By renewing and modernising their environment, Elo makes sure that the customer experience and digital services area are priorities in the future. A flexible environment also helps support compliance with changing regulatory requirements, such as GDPR.
– Tieto is our strategic partner, and they understand our business and technology needs for the future, says Aaro Mutikainen, Chief Information Officer Elo.
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Tieto aims to capture the significant opportunities of the data-driven world and turn them into lifelong value for people, business and society. We aim to be customers’ first choice for business renewal by combining our software and services capabilities with a strong drive for co-innovation and ecosystems. www.tieto.com
Elo Mutual Pension Insurance Company is a customer-owned employment pension company that manages the statutory employment pension provision for employees in its client companies as well as for self-employed persons. Elo was established on 1 January 2014 through the merger of LocalTapiola Pension and Pension Fennia and manages the pension security of about 700,000 people. The total premium income of Elo is approximately 3 billion euro. The market value of Elo´s investment assets is approximately 23 billion euro. www.elo.fi