TCS to Modernize Enento Group’s IT Infrastructure, Digital Workplace

In a multi-year collaboration, Tata Consultancy Services will leverage its cloud and DevOps solutions to transform Enento’s IT applications, cloud, digital workplace, and IT security

PRESS RELEASE

STOCKHOLM | MUMBAI, February 08, 2024: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) announced a strategic partnership with Enento Group, a prominent provider of digital business and consumer information services in the Nordic region. As part of this multi-year collaboration, TCS will transform Enento’s IT applications, cloud, digital workplace, and IT security for resilient business operations.

TCS will help Enento realize its vision of “One Enento” by simplifying its operating model and harmonizing its technology stack. TCS’ cloud and DevOps solutions will help accelerate Enento’s business agility and provide a best-in-class digital customer experience. Furthermore, TCS will work with Enento to strengthen its IT security, provide modern workplace services, and enable resilient round-the-clock business operations. TCS will leverage its strong local presence across the Nordics to deliver high-quality services with required business agility.

Daniel Ejderberg, Chief Information Officer at Enento, said: “As the leading digital Nordic knowledge company, we continue to be at the forefront in developing new data-driven solutions and services that power society with intelligence. With its track record in the Nordics, TCS has been chosen as our trusted partner for business transformation. Working with TCS is key to achieving our long-term targets.”

Enento Group is one of the leading credit and business information providers in the Nordics, with 76,000 corporate customers within banking, finance, retail, and more, alongside 500,000 consumers. It plays a pivotal role in facilitating digital decision processes and supporting financial, sales, and marketing processes for its customers.

Enento chose TCS as its trusted technology partner due to its proven expertise in delivering large-scale digital transformations and a strong cultural match between the two companies.

Shreerang Talekar, Head of TCS in the Nordics, said, “Enento plays a vital role for companies, institutions, societies, and people in the Nordics, enabling them not just with high-quality data but also with valuable insights and analytics for balanced decision-making. We are pleased to announce our strategic partnership with Enento and look forward to leveraging the power of AI, data, cloud, and analytics to help them drive intelligent business transformation and enterprise-wide growth.”

TCS has been present in the Nordic region since 1991 and the company has over 20,000 employees supporting leading enterprises in Sweden, Finland, Norway, and Denmark to drive growth and transformation. TCS has consistently received top customer satisfaction rankings for 14 years in a row in an independent customer survey. The company has also been named a Top Employer in Sweden, Finland, Norway, and Denmark by the Top Employers Institute.

ABOUT ENENTO

Enento Group is a Nordic knowledge company powering society with intelligence since 1905. We collect and transform data into intelligence and knowledge used in interactions between people, businesses, and societies. Our digital services, data and information empower companies and consumers in their daily digital decision processes, as well as financial processes and sales and marketing processes. Approximately 399 people are working for Enento Group in Finland, Norway, Sweden, and Denmark. The Group’s net sales for 2022 was 167.5 MEUR. Enento Group is listed on Nasdaq Helsinki with the trading code ENENTO. For more information, visit www.enento.com

ABOUT TATA CONSULTANCY SERVICES (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 55 years. Its consulting-led, cognitive powered, portfolio of business, technology and engineering services and solutions is delivered through its unique Location Independent Agile™ delivery model, recognized as a benchmark of excellence in software development.

A part of the Tata group, India's largest multinational business group, TCS has over 615,000 of the world’s best-trained consultants in 55 countries. The company generated consolidated revenues of US $27.9 billion in the fiscal year ended March 31, 2023, and is listed on the BSE and the NSE in India. TCS' proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit www.tcs.com

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