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TietoEVRY Oyj

12/01/2021 | Press release | Distributed by Public on 12/01/2021 01:58

TietoEVRY completes the divestment of its software businesses Alystra, Jydacom and TRYGG/2000

Published: 01 December 2021

On 13 October 2021, TietoEVRY announced an agreement with EG, to sell its software businesses Alystra, Jydacom and TRYGG/2000. Conditions to complete the divestment have now been fulfilled and the transaction is closed. The divestment is part of the company's strategy to seek focus and scale.

EG is a market leading vendor of industry-specific, standard software for Nordic private and public customers and the company employs about 1,500 people primarily in the Nordics. The transaction is a strategic fit to EG's existing portfolio.

Revenue of the divested businesses amounted to around EUR 13 million in 2020 and the number of employees is around 80 in Finland and in Sweden.

For further information, please contact:

Kia Haring, Head of Communications, TietoEVRY, tel: +358 40765 3700 [email protected]

TietoEVRY Newsdesk, +358 40 570 4072, [email protected]

TietoEVRY creates digital advantage for businesses and society. We are a leading digital services and software company with local presence and global capabilities. Our Nordic values and heritage steer our success.

Headquartered in Finland, TietoEVRY employs around 24 000 experts globally. The company serves thousands of enterprise and public sector customers in more than 90 countries. TietoEVRY's annual turnover is approximately EUR 3 billion and its shares are listed on the NASDAQ in Helsinki and Stockholm as well as on the Oslo Børs. www.tietoevry.com