Tieto and Veritas extend agreement on infrastructure services

Tieto and Veritas Pension Insurance have agreed to continue cooperating on infrastructure services. In addition to the capacity, telecommunications and network solutions, the seven-year contract contains application management services and Tieto's cloud services. The agreement is an extension of the service contract signed in 2009.

With the new agreement, Veritas has access to a comprehensive service that is cost-effective and has a flexible price structure.

- Reliable and secure information systems are vital for us. Tieto provides us with a suitable solution that ensures the continuity of our business and information security, comments Stefan Strandberg from Veritas.

- We are proud of the confidence Veritas has in us. We want to be a strong partner for our customers in order to build more efficient systems for the needs of the Finnish employment pension industry, comments Christian Segersven, Vice President, Financial Services, Tieto .

For more information, please contact:

Ari Pylkkö, Customer Executive, Tieto
phone: +358 (0)40 742 0612

Christian Segersven, Vice President, Tieto
phone: +358 (0)50 311 2486

Stefan Strandberg, Director, Veritas,
phone: +358 (0)500 927 312

Tieto  is the largest Nordic IT services company providing full life-cycle services for both the private and public sectors and product development services in the field of communications and embedded technologies. The company has global presence through its product development business and global delivery centres. Tieto is committed to developing enterprises and society through IT by realizing new opportunities in customers' business transformation. At Tieto, we believe in professional development and results.

Founded in 1968, headquartered in Helsinki, Finland and with approximately 14,000 experts, the company operates in over 20 countries with net sales of approximately EUR 1.6 billion. Tieto's shares are listed on Nasdaq in Helsinki and Stockholm. Please visit www.tieto.com for more information.

Veritas Eläkevakuutus is an employment pension insurance professional. We have experience managing statutory pension insurance since 1962, when the Occupational Pensions Act entered into force. Veritas offers a personal, professional and comprehensive service for employee pensions and employment well-being issues. More information about Veritas is available on www.veritas.fi.

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About Us

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. Headquartered in Finland, Tieto has over 13 000 experts in close to 20 countries. Tieto’s turnover is approximately EUR 1.5 billion and shares listed on NASDAQ in Helsinki and Stockholm. www.tieto.com

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