Tieto launches third internal start-up

Security Services to combat modern cyber security attacks.

To help customers in the increasingly complex IT security environment and to seize the security-related market opportunities, Tieto is launching Security Services start-up within the company. The newly established business unit will enhance Tieto’s current activities in this area and will be one of the company’s selected growth bets.
Digitalization and the multifaceted IT landscape have created new vulnerabilities for enterprises and organizations. Every day, there are more and bigger cyber-attacks. However, a study indicates that 90% of businesses worldwide recognize that they are insufficiently prepared to protect themselves against cyber risks.
Tieto?s Security Services are developed to secure the digital operations of enterprises and public sector organizations. The managed security services model will help any organization to achieve visibility, simplicity and protection for their digital assets.
“I am thrilled to announce Tieto’s third start-up. Our experience of internal start-ups has been highly positive in terms of increased flexibility and agility – all for the benefit for our customers gaining increased ability to speed up digitalization. Based on our expertise and including our own software, we expect to achieve a leading position in managed security services in the Nordic countries,” comments Kimmo Alkio, CEO of Tieto.
To lead the Security Services start-up, Tieto has appointed Markus Melin, a rock-solid security expert from F-Secure, a global Finnish security company. The other Tieto in-house start-ups are Industrial Internet, led by Taneli Tikka and Customer Experience Management, led by Mikko Leinonen. In addition to these growth businesses, the company’s investment focus will be on the development of its cloud services and Lifecare, the solution for the healthcare and welfare sector. Overall, Tieto’s total annual investments amount to around EUR 100 million.
In 2016, digitalization will continue to pick up speed and the traditional boundaries between sectors will be opened up in an unprecedented manner. Moreover, mobile and cloud services make it more and more complex to manage security and compliance. Data breaches risk business continuity and can seriously damage businesses.
“Security is both a business challenge and an enabler for new, digital business opportunities. As a long-time partner of customers operating in several industries, Tieto has an excellent opportunity to become the preferred partner for Nordic security services. With our service called Tieto’s Security Wall, we will be able to offer our customers unique real-time services that provide transparency and information to lead security and understand their level of protection. As a result, our customers will be able to monitor their digital security at any given time” says Markus Melin Head of Security Services at Tieto.
In Security Services, Tieto is actively forming a global ecosystem of partners to bring the best new technologies and solutions to the fore for its clients.
“Tieto Security Services start-up will actively team up with other market-leading solution providers to create an agile world-wide security ecosystem in order to provide the best service and reliability for the benefit of our customers,” concludes Melin.
With the Tieto Security Services, Tieto is targeting specific issues and opportunities in selected industries, starting in the finance and insurance segments.
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