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Tieto Acquires Intensium to Strengthen Healthcare Market Position
By Artur Surov on June 30, 2010

The acquisition of the business operations in the Finnish healthcare IT solutions provider Intensium Oy expands Tieto's industry leading position in Europe. Intensium's business consists of two solutions: benchmarking for healthcare service providers and management of healthcare workflow. The business will be transferred to Tieto on 1 July 2010. Intensium's 17 employees will move to Tieto as continuing employees on the same day.Intensium has the leading position in providing benchmarking services for healthcare service providers in Finland. The benchmarking service, provided as a SaaS service, monitors the customer's care process performance generally by assessing where there are gaps between their own performance and the other members of the benchmarking consortium. Organizations can use these assessments to identify best practices they would like to adopt. The healthcare workflow management solution is used in Finnish hospitals. The solution provides an immediate possibility to standardize the customer's care process, eliminate redundant steps, and intensify the use of special know-how.

"This acquisition is a natural step of executing our strategy and improving our offering portfolio. I'm pleased to see how this enhances our competences and ability to offer new advanced measuring and benchmarking tools to European healthcare service providers. With these tools, our customers are able to further improve the quality and efficiency of their services," says Arto Ryymin, responsible for the Healthcare & Welfare business in Tieto.

"Our main objective has been to promote our healthcare customers' ability in continuous improvement. Valuable collaboration with Tieto has convinced us that together we are able to provide outstanding solutions and services for healthcare organizations," says Kari Lappalainen, CEO of Intensium Oy.

Tieto helps healthcare and welfare organizations to improve the quality and efficiency of their services. We enable our customers to optimize processes, reduce waiting times, secure the flow of information, make high quality decisions and empower citizens. We are the leading healthcare and welfare ICT provider in the Nordic countries with a strong presence in Germany and the Netherlands. With 40 years of experience and a thorough understanding of our customers' processes, we help our customers to secure the future of care services and develop lifecare services at the individual, regional and national level.


Source: Press Release

Intensium Ltd (Acquired by Tieto)

Location: Kuopio, Finland
Website: www.intensium.com
ACQUISITION: TIETO ACQUIRED INTENSIUM ON 30.6.2010. THE BUSINESS WILL BE TRANSFERRED TO TIETO ON 1 JULY 2010. INTENSIUM'S 17 EMPLOYEES WILL MOVE TO TIETO AS CONTINUING EMPLOYEES ON THE SAME DAY. Intensium Ltd. is a rapidly growing healthcare IT solution and service provider specializing in healthcare process and quality management .Since early 1990's the company has achieved remarkable role by providing benchmarking services for healthcare service providers. In 2003 Intensium started an extensive development project in the area of healthcare process management solutions. The close collaboration with Kuopio University Hospital gave rise to a successful IT-solution platform. By merit of modern technology Intensium has become a noteworthy supplier to Finnish healthcare service providers.


Tieto Plc

Location: Helsinki, Finland
Website: www.tieto.fi
Tieto is an IT service company providing IT, R&D and consulting services. With approximately 16 000 experts, they are among the leading IT service companies in Northern Europe and the global leader in selected segments. Tieto specializes in areas where they have the deepest understanding of our customers' businesses and needs. Their superior customer centricity and Nordic expertise set them apart from their competitors. Tieto focuses on serving large and medium-sized organizations in our main markets – Northern Europe, Germany and Russia. In telecom, forest, oil and gas as well as digital services, they serve their customers globally. Tieto works hand in hand with many of the world's leading companies and organizations and grow in step with them. Tieto is a new brand name as of 1 December 2008. The official registered name of the company is TietoEnator Corporation. The company’s shares are listed on NASDAQ OMX in Helsinki and Stockholm.



Tags: investment, exit, medical, life sciences, business deal
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