Tieto and SBAB sign new contract for cloud services
Sweden's state-owned mortgage lender SBAB extends its IT-operation agreement with Tieto, investing in continued modernization and improved efficiency with new capacity and cloud solutions. The agreement is valid for five years.
- Tieto has extensive experience and knowledge of IT operations and a good understanding of our needs. The key deciding factor for us was above all their new cloud solution that will make SBAB more cost effective while becoming faster and more agile in the IT delivery to our customers. It will help build our vision of creating Sweden's best mortgage loans. Our future focus is our mortgage offering, customer communication and continuous streamlining of operations. Here the importance of fast and agile IT is increasingly important, says Johan Sandberg, Head of Infrastructure & Operations at SBAB.
- We are very proud to get renewed confidence from SBAB. The financial industry is undergoing a fundamental shift with IT becoming an increasingly integral part of the core business. The extended cooperation with SBAB confirms our role as a long term partner to our customers in the ongoing change, says Alexandra Fürst, Head of Financial Services, Tieto Sweden.
Cloud business is the fastest growing area in Tieto this year, and by 2020, around 80 percent of Managed Services is expected to derive from the cloud. Tieto is the largest cloud service provider in the Nordic countries.
For more information, please contact:
Alexandra Fürst, Vice President, Head of Financial Services, Tieto Sweden
phone: +46 (0)730 389 605, e-mail: alexandra.furst[at]tieto.com
Johan Sandberg, Head of Infrastructure & Operations SBAB
phone: +46 (0)8-614 43 64, +46 (0)76-788 43 64, e-mail: johan.sandberg[at]sbab.se
Karin Hellgren, Information Manager, SBAB
phone: +46 (0)8-614 38 24, +46 (0)70-668 38 24, e-mail: karin.hellgren[at]sbab.se
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.
SBAB offers residential mortgages and saving services to individuals, housing associations and companies. SBAB was founded in 1985 and is owned by the Swedish state. The number of customers amounts to approximately 350,000 and the company employs around 450. www.sbab.se