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Tieto Veturi
The Trusted Digital Societies Veturi programme
Gain insights into the outcomes and impact of the Veturi programme across industries.
Moving forward together
The Trusted Digital Societies Veturi programme has been an important element of Tieto’s strategic transformation between 2022 and 2026, delivering strong outcomes across technology, ecosystem development, societal impact, and long‑term business readiness, despite a period marked by substantial organizational restructuring, market turbulence, and shifting global conditions. The programme set out to prepare Tieto for rapid changes in the digital landscape, modernize its technology foundations, and strengthen Finland’s competitiveness in trusted digital services. Across its work packages and ecosystem collaborations, these objectives have been achieved with the help of 2861 person months from Tieto, close to the latest set target of 2993 PMs.
Delivering lasting value
The program achieved major objectives of accelerated Tieto’s shift from a traditional IT services organization to a modern, platform‑driven, software‑centered company. It established common cloud‑native architecture, shared data foundations, governance models, and trustworthy AI capabilities now reused across Banking, CareTech, Industry and Energy.
The key facts of Tieto Veturi
Years of operation
2022-2025
Total person months
2861 / 2993
Ecosystem partners
213 /100
Driving progress together
Delivering lasting business and ecosystem impact
The programme achieved major objectives of accelerated Tieto’s shift from a traditional IT services organisation to a modern, platform‑driven, software‑centred company. It established common cloud‑native architecture, shared data foundations, governance models, and trustworthy AI capabilities now reused across Banking, CareTech, Industry and Energy. These outputs form the technical core for future product innovation, enabling improved scalability, shorter time‑to‑market, consistent engineering practices, and regulatory‑ready digital operations. The cross‑company adoption of these enablers has reinforced Tieto’s long‑term competitive advantage.
Strong domain‑level outcomes were achieved across all verticals and work packages. A key achievement of the Veturi program is the strengthening of Finland’s digital innovation ecosystem. More than 200 partners, including universities, research institutes, startups, cities, hospitals and global companies, participated in co‑innovation and co‑research activities. Over 100 partners contributed directly to funded projects, leading to dozens of Business Finland and EU applications, more than 200 scientifi publications, and several long‑term research collaborations. This ecosystem has created a robust foundation for continuing national and European research, development, innovation (RDI) cooperation beyond the program’s duration and initial program roadmap.
Delivering strategic outcomes for the future
The Trusted Digital Societies programme has delivered significant strategic, technological, commercial and societal value
Tieto and its partners are now well‑positioned to lead the next phase of data‑driven, AI‑enabled, trustworthy digitalization in the Nordics and Europe. The Trusted Digital Societies Veturi programme has successfully fulfilled its strategic mission by delivering a robust, future‑proof foundation for trusted, data‑driven and AI‑enabled digital services across financial services, health & care, and energy.
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Strategic transformation and long-term business advantage
The Veturi programme directly supported Tieto’s shift from a diversified IT service provider to a specialised, software‑driven, platform‑centric organization. The development of common cloud‑based architectures, trustworthy AI capabilities, and standardised data foundation across verticals creates a scalable, reusable base for future product innovation.
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Strengthened technology leadership and AI-driven competitiveness
Tieto now possesses mature, production‑ready competencies in trustworthy AI, cloud-native common platforms and federated learning, data orchestration, synthetic data and pseudonymisation.
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Commercial value: new products, platforms, and market opportunities
Across all verticals, Veturi has generated commercially relevant assets in financial services, health & care and energy & city.
Building the future of Trusted Digital Societies
In conclusion, the Trusted Digital Societies programme has strongly achieved most of its intended objectives within a shorter period than initially anticipated. It delivered a modern platform and AI foundation, advanced trusted digital services in three major sectors, strengthened the Finnish RDI ecosystem, and created long‑term business and innovation capability for Tieto and its partners.
The key facts of Tieto Veturi in EUR
Business Finland funding applied
55M / 50M
EU funding applied
14.3M / 10M
Tieto cumulative RnD investments
171M
Growing together
Role of R&D and Veturi in future growth
R&D continues to play a pivotal role in Tieto’s business renewal. The Veturi programme strengthened common technological capabilities—shared data models, cloud‑native components, platform services, and trustworthy AI practices—that now contribute directly to product quality, development speed, interoperability, and lifecycle efficiency across the company’s software domains.
Despite the near‑term pressures, the company’s medium‑term ambitions remain strong. For 2027–2028, Tieto targets >5% CAGR and an adjusted EBITA margin above 16%, supported by European expansion and the scaling of new software opportunities.
The groundwork laid during Veturi contributes to Tieto’s expectation that material commercial scaling will begin from 2027 onwards, as long‑cycle transformation programs and customer platform transitions enter full deployment. These outcomes align closely with Tieto’s product roadmaps.
- In Banktech, shared components support the transition towards scalable, high‑resilience SaaS products.
- In Caretech, they enhance interoperability, modularity and clinician‑centred design, supporting both Nordic implementations and growing European interest.
- In Indtech, the shared capabilities advance data‑driven optimisation and industrial automation.
- In Tech Consulting, they strengthen the company’s offering in cloud, data and AI—capabilities that increasingly complement software‑led multi‑year engagements.
Near‑term outlook and Reasons for current growth projection
Tieto’s guidance for 2026 anticipates flat to slightly negative organic growth (–2% to 0%), while adjusted operating profit (EBITA) is expected to improve to 14.8–15.8%, up from 13.8% in 2025. The temporary softness is driven by three elements:
- Market headwinds in Banktech and Caretech: Both businesses face near‑term pressure due to public‑sector budget cycles, delayed investment decisions, and the phasing out of legacy contracts. In Banktech, annual growth in 2026 will be affected by an expired margin‑dilutive contract. In Caretech, reduced public‑sector purchasing in Finland continues to weigh on healthcare revenues.
- Portfolio simplification effects: The divestment of Tech Services reduces revenue volume in the short term but creates a more focused and strategically coherent product and consulting portfolio. IFRS 5‑related effects that impacted 2025 profitability will not continue into 2026.
- Backlog conversion timing: Tieto ended 2025 with an order backlog of €2.18 billion, up 13% year‑on‑year. Many multi‑year software, platform and consulting agreements will generate revenue predominantly from 2027 onward, contributing to the expected return to growth.
The key facts of Tieto Veturi
Publications
237
PhD thesis works
18
Projects running
19