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Tieto and Wellstreet Group enter a partnership to accelerate digital retail innovation and e-commerce

07 March 2019

Today, Wellstreet Group and Tieto announced a strategic partnership to build next generation solutions to help Nordic retail companies reach their growth and business renewal ambitions. 

The partnership combines the companies' exceptional competence in business models, investments, e-commerce, startup incubation, cloud native technologies, data-driven innovation and agile delivery. The first joint project related to a revolutionary approach for a content-driven, global online retail concept is moving forward and will be announced soon.

Wellstreet and Tieto believe that Nordic companies need to significantly accelerate their innovation and capability development in digital business to stay relevant in progressively accelerating global competition. We have seen many companies struggle with the speed of innovation, rigid architectures and siloed operations. This is especially challenging in ultra-dynamic consumer centric industries where companies urgently need to renew their business models and find new innovation in e-commerce and retail. To resolve this situation, companies need new understanding of digital commerce complexity on an enterprise level combined with a startup-minded culture to accelerate innovations. There is a dire need for capable change agents - not merely to facilitate this change but to deliver it as well.

Together Wellstreet Group and Tieto form an exceptional combination of innovation, business acceleration and digital delivery capabilities. Wellstreet having its roots in tech startup investments with over 30 portfolio companies many of which are related to digital retail and e-commerce. It is accelerating next horizon businesses and hosts one of the largest innovation and tech hubs, The Factory. These are merely a few of the attributes of this unique player in the rapidly evolving technology and innovation space. Tieto is one of the largest Nordic IT companies. Its rapidly growing Customer Experience Management business of over 600 professionals is already one of the largest digital agencies in the Nordics. Tieto supports its customers in various fronts of building digital CX and data-driven innovation capabilities. Both companies share a passion and purpose to help customers in building next generation e-commerce utilizing the latest capabilities of design, innovation and technology.

This unique partnership provides highly ambitious companies a powerhouse to support their journey towards new digital business models and increasingly growing revenue streams.

For more information, please contact:
Jaakko Hartikainen, VP CEM Tieto, jaakko.hartikainen@tieto.com, +358 44 350 0445
Fredrik Därth, Marketing Manager Tieto, fredrik.darth@tieto.com, +46 480 42 60 88
Sïmon Saneback, Co-Founder Wellstreet Group, press@wellstreet.se, +46 8 559 167 00

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