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Vattenfall selects Tieto to deliver new Industry Cloud solutions in Finland
[October 21, 2014]

Vattenfall selects Tieto to deliver new Industry Cloud solutions in Finland


(Cision Via Acquire Media NewsEdge) Energy company Vattenfall has selected Tieto to deliver its Energy Utilities Industry Software as a Service solution (SaaS) for Vattenfall Finland. Tieto will deliver the latest cloud solutions to support Vattenfall's retail business on the Finnish market. The initial contract duration is 5 years with an option for two additional years.



The as a service solution is specially designed for the Nordic retail business and includes support for core business processes such as CRM, sales, digital online services and billing. It provides true scalability while meeting the strict security requirements by leveraging Tieto’s private cloud platform delivered from its data centres in the Nordics.

The new solution is continuously adapted to current and future Nordic electricity market regulatory requirements taking into account changes, such as introduction of Supplier Centric Model and Nordic process harmonization, Finnish datahub integration and Nordic Balance Settlement. The service will be deployed to operation during 2015.


- The Industry SaaS is the future business model for retail companies enabling their core operations to scale and have the cost prediction needed to ensure competitiveness in the market. Tieto is the frontrunner of this development and fully committed to the journey of Nordic market harmonization, says Tuomo Louhivuori, Vice President Sales, Tieto.

For more information, please contact Tuomo Louhivuori, Vice President Sales, Telecom, Media and Energy and New Markets, Tieto tel: +47 405 31 267, e-post: tuomo.louhivuori[at]tieto.com Cristina Petrescu, Head of Energy, Tieto, tel: +46 703 400 765, e-post: cristina.petrescu[at}tieto.com 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 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 OMX in Helsinki and Stockholm. Please visit www.tieto.com for more information.

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