May 9, 2005
TietoEnator Support OÜ and SEB Eesti Ühispank negotiate
outsourcing of on-site services and resources in Estonia
TietoEnator Support OÜ and SEB Eesti Ühispank have signed a Letter of intent regarding the outsourcing of on-site services and resources in Estonia. The business deal will include the transfer of 10-20 of SEB Eesti Ühispank's current on-site services staff to TietoEnator Support OÜ.
The agreement is planned to be signed on October 31 2005.
TietoEnator is one of the leading architects in building a more efficient information society and the largest IT services company in the Nordic countries. TietoEnator specialises in consulting, developing and hosting its customers' business operations in the digital economy. The Group's services are based on a combination of deep industry-specific expertise and latest information technology. TietoEnator has close to 14,000 experts in more than 20 countries.
TietoEnator Support OÜ is a subsidiary company of TietoEnator Corporation. The ownership in both shares and votes is 60% for TietoEnator. The company provides on-site support services for external customers in Estonia.
The SEB Group is a North European financial group for corporate customers, institutions and private individuals, with 680 branch offices around Sweden, Germany, the Baltic countries, Poland and Ukraine. SEB has more than 5 million customers, of whom 1.9 million use the internet for their banking transactions. On 30 December 2004, the Group's total assets amounted to SEK 1,591bn while its assets under management totaled SEK 886 bn. The Group is represented in some 20 countries around the world and has a staff of about 20,000. Read more about SEB at www.sebgroup.com.
For further information, please contact:
Avo Kask, Managing Director
TietoEnator Support OÜ
tel. +372 50 277 89
Vice President, TietoEnator Processing & Network
tel. +358 (0) 400 445 596
Head of IT, SEB Eesti Ühispank
tel +372 665 5555
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