Tieto strengthens its digital offering in the elderly care area – acquires software assets and related rights of VisueCare in Sweden

Tieto today announced that it has acquired the intellectual property rights of Swedish startup company VisueCare. The aim is to strengthen the company´s industry specific software capabilities and widen the offering related to elderly care for municipalities. VisueCare´s cloud-based solution is developed to handle sheltered living for elderly and disabled people, enabling easy access to relevant information, better collaboration between staff and improved quality of care.

"The Swedish healthcare and welfare market is a prioritized area for us. This transaction gives us the opportunity to further support our customers in their digitalization journey and reinforce our footprint within the sector, while we can utilize and further develop the many solutions we already have implemented in the Nordic countries", says Cristina Petrescu, Executive Vice President of Public, Healthcare and Welfare, Tieto.

VisueCare was founded in 2014 with the aim to ease everyday work for personnel and create smarter ways of working in the elderly care area. The solution has been developed in close co-operation with elderly care staff and creates opportunities for improved quality and efficiency in health care by visualizing planning and facilitating quality assurance. VisueCare has established collaboration and piloted the solution with some municipalities in Sweden.

"Many customers are facing the dual challenge of running operations more efficiently while at the same time innovating new and improved services for citizens. Elderly care is one area where there is a growing demand for more efficient solutions. This acquisition is one additional step towards strengthening our role in the healthcare and welfare ecosystem", says Cristina Petrescu.

Tieto is a leading provider of ICT solutions for public, healthcare and welfare customers in the Nordic countries, with strategic growth ambitions in Sweden. The acquisition of VisueCare will further strengthen the company´s industry specific software business, which currently constitutes over 30 percent of Tieto´s total revenue.

For additional information, please contact:

Cristina Petrescu, Executive Vice President, Public Healthcare and Welfare, Tieto

Phone: +46 70 340 0765, e-mail: cristina.petrescu[at]tieto.com

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 our customers’ first choice for business renewal. In addition to our expertise in software and professional services, we also take strong advantage of ecosystem and innovation possibilities. www.tieto.com

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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