Tieto to supply new IT solution to SBAB Bank

10/18/2012, 9:00 AM (Source: GlobeNewswire)

Tieto Corporation    PRESS RELEASE   18 October 2012 at 10.00 am EET

SBAB Bank AB is evolving its collaboration with Tieto and switching to iTap, a new, flexible service for server operation that can be briefly described as 'IT on tap'.

iTap is a cloud service that Tieto has developed for users of the IBM i-platform. The advantage of iTap is its flexibility: SBAB Bank can self-regulate its server capacity and only pays for the power used. At any time, it can increase or decrease capacity and have the new level supplied within two hours. The solution is entirely virtual and is based on the latest IBM technology, giving iTap a major advantage in environmental terms, as the hardware is used up to 20 times more efficiently than the average for a physical server.

"Thanks to Tieto, we've managed to successfully make the transition to iTap, with a level of security and availability that meets our high standards and expectations. The results are positive, and we now have a 38 percent faster monthly run than before," says Johan Sandberg, Head of IT Services & Development at SBAB Bank.

The partnership between Tieto and SBAB Bank has been in place for several years and includes a loan administration system, operation of Windows, iSeries and Unix, and database administration.

"We're proud that SBAB Bank has chosen the iTap model from Tieto, allowing it to minimise risks even further and achieve even greater cost-effectiveness while utilising its capacity in a more efficient manner. This is confirmation that SBAB Bank continues to trust us to support the development of its business and that our collaboration with IBM is very timely. An increasing number of customers in the banking and financial sectors are demanding that they only pay for the services they actually use - quite simply, to buy 'IT on tap'," says Alexandra Fürst, Head of Tieto Financial Services.

For more information, please contact:

Alexandra Furst, Vice President, Head of Financial Services, Sweden, tel. +46 (0)10 48 11404, alexandra.furst(at)tieto.com


Principal media

Tieto is the leading IT service company in Northern Europe providing IT and product engineering services. Our highly specialized IT solutions and services, complemented by a strong technology platform, create tangible business benefits for our local and global customers. As a trusted transformation partner, we work closely with our customers and understand their unique needs. With approximately 18 000 experts, we aim to become a leading service integrator creating the best service experience in IT. www.tieto.com

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Tieto Oyj via Thomson Reuters ONE

Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.