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Tieto to support Prometera's future growth with its cloud solution

02 April 2014

TIETO CORPORATION         PRESS RELEASE         2 April 2014 at 10.00 EET

Swedish energy metering company Prometera AB has signed a three-year contract with Tieto to increase efficiency and enable future growth. The contract is based on a partnership model, covering a service for Workflow and Errand Management, including interfaces towards subcontractors and service partners, as well as Device Management, including warehousing and logistics management of meters and infrastructure equipment. The solution is delivered as a cloud solution, i.e. Software as a Service.

To achieve efficiency and meet future growth, Prometera needed an IT partner to automate their processes that were previously handled manually. It is important for the company to have an IT environment that meets future requirements not only as a unified environment but also with unified processes. Tieto's Workflow Management System (WMS) helps Prometera automate their processes and make the measurement collection, settlement and associated functions more efficient. This significantly reduces the cost to serve for Prometera.

"We feel very confident and secure in our choice of provider, because they have great expertise within the energy field and an efficient project delivery methodology," adds Annelie Jonsson, CEO at Prometera AB.

The WMS solution is the first standard solution of best practices and solid IT principles tailored to provide full support for the business work processes at utility and metering companies. By optimizing and automating business processes, Tieto helps energy companies like Prometera conduct cost-efficient operations and enable new services for substantial growth.

"Tieto is the best partner for Prometera based on their offering that covers all of the services and functionality within our scope. They presented a great solution as well as the most innovative and attractive partnership with the possibility for developing new services for our customers," says Göran Bengtsson, CIO at Prometera AB.

Tieto has a strong position and a solid customer base within the energy utilities market in the Nordics. Partnering up with Tieto helps Prometera to extend their customer base and reach their goal to become number one in their field in the Nordic market. Working more efficiently is essential for the company to get new customers and to serve the existing customers better.

"This is a possibility for us to show our customers what an ambitious company can achieve with WMS and to try out new functions and services together with an active partner. Prometera and Tieto complement each other well, since Prometera's expertise is in metering and related services for their customers, and we have the methodology, tools and services to enable them to be more efficient in this area with our solution," comments Cristina Petrescu, Head of Energy at Tieto.

For further information, please contact:

Cristina Petrescu, Head of Energy, Tieto, +46 703400765 cristina.petrescu[at]tieto.com

Göran Bengtsson, CIO, Prometera AB, +46 70 562 30 16, goran.bengtsson[at]prometera.se

TIETO CORPORATION

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Tieto is the largest Nordic IT services company providing full life-cycle services for both the private and public sectors and product development services in the field of communications and embedded technologies. The company has global presence through its product development business and global delivery centres. Tieto is committed to developing enterprises and society through IT by realizing new opportunities in customers' business transformation. At Tieto, we believe in professional development and results.

Founded 1968, headquartered in Helsinki, Finland and with approximately 14 000 experts, the company operates in over 20 countries with net sales of approximately EUR 1.6 billion. Tieto's shares are listed on NASDAQ OMX in Helsinki and Stockholm. Please visit www.tieto.com for more information.

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