1 November 2012

Tieto Press release

 On the November 1st Tieto Corporation announced the sales of its Belarus operations to ScienceSoft.

Tieto has decided to sell the shares of its Belarus operations to ScienceSoft that will remain as Tieto`s subcontractor for customer deliveries. All 90 employees of Tieto Belarus will be employed by ScienceSoft. The divestment supports Tieto`s strategy to simplify and focus its operations geographically.

The unit in Minsk, Belarus was established at the end of 2007 to act as near-shore development centre for various Tieto businesses, and especially to support the growth in Russia.

"With this arrangement the options for growth remain unchanged and also the availability of high quality competence will continue under a new set-up," says Sampo Salonen, Executive Vice President, Global Delivery and Quality, Tieto.

ScienceSoft has customers in 20 countries, mainly in Europe, USA and Russia. For Tieto, ScienceSoft has been a long-term partner since 2007. As part of this arrangement ScienceSoft will establish an ODC (offshore development centre) for parts of current Tieto production. The security regulations and working methods will follow Tieto`s practices and customer commitments. Part of Tieto deliveries will be gradually transferred to Tieto`s Global Delivery Centers in the Czech Republic and in India.

Tieto is the leading IT service company in Northern Europe providing IT and product engineering services. Our highly specialized IT solutions and services, complemented by a strong technology platform, create tangible business benefits for our local and global customers. As a trusted transformation partner, we work closely with our customers and understand their unique needs. With approximately 18 000 experts, we aim to become a leading service integrator creating the best service experience in IT.

 About ScienceSoft

Founded in 1989, ScienceSoft Inc. is one of the most mature IT outsourcing providers in Eastern Europe. Headquartered in Minsk, Belarus, ScienceSoft operates an EU subsidiary in Helsinki, Finland. The company’s highlights include over 300 experienced professionals, ISO 9001 certified processes and over 20 years of market experience. ScienceSoft has the status of an Oracle Partner and an IBM Partner. The company has attained a number of Microsoft competences, among which are Silver Application Integration, Silver Mobility and Silver Web Development competences. ScienceSoft has been a member of Belarus Hi-Tech Park since 2006 and an IBM PartnerWorld member since 2010. In 2011 ScienceSoft was listed among TOP 5 Belarusian Software Exporters.

ScienceSoft service offerings embrace outsourced product development, custom application development, mobile/wireless application development, Microsoft business platform and technology consulting, Oracle technology consulting, software testing, as well as SIEM solutions consulting and implementation including.