Business News

Tieto positioned in the challengers quadrant of the Magic Quadrant for Integration Service Providers

Wednesday 13. January 2010 - Evaluation based on completeness of vision and ability to execute

Tieto, a leading provider of B2B integration solutions in Europe, today announced it has been positioned by Gartner, Inc. in the challengers quadrant of the Magic Quadrant for Integration Service Providers.1

“We consider our positioning in the challengers quadrant by Gartner very satisfying”, said Mats Wikström, Vice President, Value Networks, Tieto. “We are proud to be a qualified vendor in the Magic Quadrant for Integration Service Providers. Our growth in B2B integration outsourcing services and execution capability helped in achieving the positioning, which we strive to improve even further. At the moment we are completing our Payment Factory service by adding SWIFT Service Bureau functionality for wider coverage of corporate to bank connections. We are also starting a focused marketing campaign to support the sales of our white labeled Financial Value Chain and E-invoicing services.”

Tieto approaches all the vertical industries in the B2B service market from an innovative financial services angle. Tieto’s Financial Value Chain offering focuses on improving working capital and financial risk management based on digitalized business transactions between business partners and banks. The functionalities cover self-service solutions used by consumers and small organizations, and messaging between large organizations supporting everything from ordering to e-invoices and payments.

Gartner analysts evaluate providers on the quality and efficacy of the processes, systems, methods or procedures that enable IT provider performance to be competitive, efficient and effective, and to positively affect revenue, retention and reputation. Providers are judged on their ability and success in capitalizing on their vision.

1) Gartner, Inc. “Magic Quadrant for Integration Service Providers” by Benoit J. Lheureux and Paolo Malinverno, November 20, 2009