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Tieto streamlines its forest industry product portfolio

Feb 22 2010  Tieto has sold the immaterial property rights on its software module for process data collection and analysis for paper mills to the newly established Swedish company Eurocon MOPSsys AB.

Tieto has sold the IPR on its software module for process data collection and analysis for paper mills (TIPS Info/MOPS) to Eurocon MOPSsys AB, owned by Hans Hallin, Eurocon Consulting AB and some employees of the company. The transaction means that Tieto will focus on larger, wide scope solutions and services for the pulp and paper industry. The new company Eurocon MOPSsys AB will focus on further development and sales of the software product as well as related services. According to the agreement Tieto has a Value Added Reseller agreement (VAR) with Eurocon MOPSsys and can act as the reseller and integrator of the product for its customers. Correspondingly, Eurocon MOPSsys has a Subcontracting Agreement with Tieto.Based on this transaction, Tieto's offices and employees related to TIPS Info/MOPS in Örnsköldsvik and Storuman in Sweden will be transferred to Eurocon MOPSsys on 1 march. Equally, Tieto will sell the shares of TietoEnator Canada Inc to the new company during March, and the employees in Vancouver will transfer to the new owner."The restructuring of the TIPS Info/MOPS business allows the new company to fully focus on MOPS customers with agility," said Hans Hallin, CEO of Eurocon MOPSsys AB. "The continued cooperation with Tieto is very important for us as Tieto will be one of our biggest customers. Our partnership with Eurocon Consulting AB gives us a head start with the backbone infrastructure and support. We also foresee synergies with the different operations within Eurocon group of companies that will be beneficial for both parties", Hallin concluded.

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