Tieto supplies infrastructure services for Local Insurance and Tapiola - MarketWatch (press release)

Helsinki, Finland, May 15, 2012 (Thomson Reuters ONE via COMTEX) -- Tieto Corporation PRESS RELEASE 15 May 2012 at 10.30 am EET

Tieto, Finnish Federation of the Local Insurance Group and Tapiola have signed a five-year agreement concerning the infrastructure services connected with the solutions for the information technology environment of Local Insurance and Tapiola. The value of the agreement is approximately EUR 35 million and it covers server management and office services, as well as the related network and data protection services. The agreement includes, for example, support for the mobile environment, communication solutions, as well as service desk functions. In connection with the arrangements, 34 employees of Local Insurance and Tapiola will transfer to Tieto Finland.

The transfer project will start immediately. Tieto will take charge of Local Insurance's and Tapiola's current services as of 1 June 2012, and Tieto will become the information technology infra service provider of the Local Insurance-Tapiola Group, which will launch its operations in 2013. The new services are developed in phases and they will be in use by 1 April 2013.

"The outsourcing of our infrastructure services to a competent partner will ensure cost-efficient and scalable services for us that meet the needs of our business operations now and in the future," says Director of Information Management, Esa Viitamaki from Tapiola.

"Tieto is a key supplier of Local Insurance's current IT infrastructure services, and the new agreement will expand our cooperation, being a part of the natural development of infrastructure management", says Director of Information Management Jukka Makinen from Local Insurance.

"We are proud and happy about the new service agreement and the confidence extended to us. Our positive long-term collaboration with Local Insurance and Tapiola and our expertise in finance sector customer solutions provide an excellent foundation for the new project. We will do our best to fulfill the expectations of our customers as regards enhancing the efficiency of the business operations and optimisation of service integration", says Tieto's Director of Financial Services in Finland, Jussi Gronholm.

For further information, please contact:

Jussi Gronholm, Director, Tieto, Financial Services, tel. +358 20 726 0019, jussi.gronholm@tieto.com

Ari Jarvela, Director, Tieto Finland, tel. +358 20 725 9696, ari.jarvela@tieto.com

Esa Viitamaki, Director of Information Management, Tapiola Group, tel. +358 9 453 2263 , esa.viitamaki@tapiola.fi

Jukka Makinen, Director of Information Management, Federation of the Local Insurance Group, tel. +358 400 287 949, jukka.makinen@lahivakuutus.fi

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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 about 18 000 experts, we aim to become a leading service integrator creating the best service experience in IT. www.tieto.com

Tapiola and Local Insurance announced in February that they will merge into a mutual financial group. Local Insurance-Tapiola Group will become Finland's largest and most solvent non-life insurer, whose market share in non-life insurance is approximately 30 per cent, premiums written in non-life insurance approximately EUR 1 billion and the number of owner-customers approximately 1.5 million. The new Group will launch its operations on 1 January 2013. www.tapiola.fi , www.lahivakuutus.fi

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Source: Tieto Oyj via Thomson Reuters ONE

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