TietoEnator acquires Novo's library business

TietoEnator acquires Novo's library business Under an agreement signed today, TietoEnator has acquired the library business operations of Novo Extend Ltd., a subsidiary of the Novo Group. Through the acquisition, the Primas library system, its support services and two employees will be taken over by TietoEnator as of 1 January 2002. However, Novo will continue to provide operation services for the library system. The library business unit of Novo Extend has 97 client municipalities around Finland. The acquisition strengthens TietoEnator's position as the leading provider of library information systems in Finland. - Looking at the lifecycle of the Primas library system, it is evident that the solution will have to be revised in the next few years. We believe that TietoEnator, with its new generation system and resources, will be able to offer the best possible service to our library clients, says Tarja Kulmala, Director of Novo Extend Library Services. TietoEnator currently serves about 150 libraries in Finland, of which 8 are major regional central libraries. The PallasPro integrated library system meets all the basic needs and functions of libraries and their users. TietoEnator is a pioneer in the implementation of alternative user environments and library solutions that support digital services in public networks. For more information, please contact: Antti Soini, Division Director, TietoEnator, tel. +358 14 415 7529 or +358 40 515 5125, antti.soini@tietoenator.com Tarja Kulmala, Business Unit Director, Novo, tel. +358 205 66 4719 or +358 400 776 449, tarja.kulmala@novoextend.com With over 10,000 employees and annual net sales of EUR 1.1 billion, TietoEnator is a leading supplier of high value-added IT services in Europe. TietoEnator specialises in consulting, building and hosting its customers' business operations in the digital economy. The Group's services are based on a combination of deep industry-specific expertise and latest information technology. www.tietoenator.com Novo is one of the largest IT service providers in the Nordic countries. Novo's net sales for 2000 totalled 319 million Euros and the number of employees amounted to 2,000. Novo provides its' customers with IT consulting, software and operating services as well as infra solutions. Novo has a nation-wide service network in Finland and subsidiaries in the Netherlands, the UK, China, Germany, the USA and Estonia. www.novogorup.com TIETOENATOR CORPORATION DISTRIBUTION Principal media ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/12/21/20011221BIT00460/bit0001.doc http://www.waymaker.net/bitonline/2001/12/21/20011221BIT00460/bit0001.pdf