TietoEnator acquires Solteq healthcare and social welfare business

TietoEnator acquires Solteq healthcare and social welfare business TietoEnator Corporation has acquired the healthcare and social welfare business operations of the Finnish company Solteq Plc (formerly TH Tiedonhallinta Oyj). This acquisition supports TietoEnator's growth strategy and strengthens its position as the leading supplier of IT systems for the healthcare and social welfare sector in the Nordic countries. The acquired business will be transferred to TietoEnator on 1 January 2001 and 23 employees of this business will follow to TietoEnator as former employees. This operation means that ProSalus software will have greater possibilities of succeeding in the market and at the same time the customers will be offered more diversified services. Solteq has had, as customers, approximately 30 health centres and 50 private occupational health centres. The net sales of this business last year totalled FIM 12.5 million. The price of the acquisition is FIM 8 million and the prospective extra FIM 2 million in 2001. TietoEnator itself serves about 100 health centres in Finland. It has acquired all of Solteq's health and social services products, of which the newest product family, ProSalus, is now being introduced at several customer locations. ProSalus will become a TietoEnator product. Further information: TietoEnator Corporation, Public Sector, Vice President Juhani Kaisanlahti, +358-9 862 52471 or +358-400 643 371 Solteq Plc, Managing Director Ali U. Saadetdin, +358-20 8444 201 With a staff of 10,000 and annual net sales of 1.2 billion euros, TietoEnator is a leading supplier of high value-added IT services in Europe. TietoEnator provides consulting, systems development and integration, operation and support, product development services for customers, and software services. The Group has in-depth knowledge of its customers' businesses in areas such as telecommunications, banking and finance, the public sector and the forest industry. www.tietoenator.com Solteq concentrates in the future with 260 employees on wholesale- and retail trade, car sales and industry branches. For these branches Solteq has developed branch specific solutions, which integrate operative systems and e-business components. Solteq offers for it's customers comprehensive solutions, which in addition to the software include consulting and implementation services, hardware and technical support and continuous helpdesk and development services. The company operates on seven locations in Finland and additionally in Poland and in the Baltic States. www.solteq.com TIETOENATOR CORPORATION DISTRIBUTION Helsinki Exchanges Stockholm Stock Exchange Principal Media ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/12/28/20001228BIT00030/bit0001.doc http://www.bit.se/bitonline/2000/12/28/20001228BIT00030/bit0002.pdf