Nordic financial services company EnterCard extends its existing outsourcing agreement with Tieto. The new contract is worth approximately EUR 20 million and involves the modernization of EnterCard's IT environment with new technical solutions based on cloud and capacity services. The contract runs for five years with an option for two additional years.

The companies have a ten year history of collaboration which is now deepened and extended as Tieto strengthens its position as strategic partner to EnterCard. The agreement and setup simplifies for EnterCard to live up to the many challenging requirements currently facing financial institutions. A large part of the delivery is handled from Tieto's service center in Ostrava, Czech Republic.

“The digitalization generates increased demand for new solutions that enable efficient and innovative service creation for end-users. The modernized environment with Tieto´s cloud solutions will be both more efficient and more suitable for EnterCard's future business needs. We are very proud to receive renewed trust from an important and innovative player in the financial industry in the Nordic region”, says Per Johanson, Head of Financial Services, Tieto.

Cloud business is the fastest growing area in Tieto this year, and by 2020, around 80 percent of Managed Services is expected to derive from cloud. Tieto is the largest cloud service provider in the Nordic countries.