Tieto pulls out of the joint venture plans with I-Teco in Russia
(Thomson Reuters ONE) -
Tieto Corporation STOCK EXCHANGE RELEASE 8 April 2011, 9.00 am EET
Tieto Corporation and I-Teco have agreed to pull out of their plans to establish
a joint venture company in Russia. The plans were announced in September 2010.
Tieto and I-Teco have together re-evaluated the situation and conclude that in
the current market environment the benefits from a joint venture would be
smaller than initially estimated. The companies will, however, continue their
cooperation in the data centre field in Russia. It has earlier been announced
that Tieto already has a data centre in I-Teco premises in Moscow.
The Russian IT market has grown significantly during 2010, and also Tieto's
sales in Russia have grown during the past year. This growth has been achieved
in several industry and service segments including projects related to the data
centre services. With its existing data centre in Moscow, Tieto provides latest
IT services in the market to its customers on the Russian market. The data
centre is equipped with newest technology that makes it possible to offer, for
example, cloud and SaaS (Software as a Service) services.
"We continue to see good growth potential in Russia, and to capture our share of
this growth we continue to localize our offerings in Russia. We will develop our
IT services and product portfolios to meet local needs even better. In addition,
our customers will have access to innovative, high-quality data-centre related
services such as capacity-on-demand, secure cloud computing and Software as a
Service from our existing data centers," says Wim Huisman, Executive Vice
President, Central Europe & Russia, Tieto Corporation.
For more information:
Tuomo Summanen, Country Manager, Tieto Russia and CIS, tel. +74956637080,
tuomo.summanen(at)tieto.com
Reeta Kaukiainen, Vice President, Communications and Investor Relations,
tel. +358 50 522 0924,reeta.kaukiainen(at)tieto.com
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 are
close to our customers and understand their unique needs. With more than 17 000
experts, we aim to become a leading service integrator creating the best service
experience in IT. www.tieto.com
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originality of the information contained therein.
Source: Tieto Oyj via Thomson Reuters ONE
[HUG#1503950]
Unternehmensinformation / Kurzprofil:
Datum: 08.04.2011 - 08:02 Uhr
Sprache: Deutsch
News-ID 53307
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contact information:
Town:
Helsinki
Kategorie:
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"Tieto pulls out of the joint venture plans with I-Teco in Russia"
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