Enento and TCS continue collaboration in IT infrastructure development

Translation: Original comment published in Finnish on 2/8/2024 at 8:42 am EET.

Tata Consulting Services has already worked with Enento to improve the digital working environment in the company's Swedish operations, and now the collaboration continues with a multi-year strategic agreement. The new collaboration will help Enento modernize its IT infrastructure to improve cost efficiency, security and speed of service development.

The upgrade of Enento's Swedish IT infrastructure is part of an efficiency program launched in January 2023, with which the company aims to achieve total cost savings of 8 MEUR by the end of 2024 (Q3'23 run-rate level: 5.3 MEUR). More broadly, the IT infrastructure upgrade is also linked to the company's goal of building a single Nordic technology platform across the group. The company has previously communicated that improving IT efficiency and consolidating suppliers, particularly in the company's Swedish operations, is one of the key areas of the program. The upgrade of the Swedish IT infrastructure is also on schedule, as previously communicated by the company, and will allow for small cost savings as early as 2024. Enento will publish its Q4 results tomorrow at 12.00 noon EET, when we expect to hear an update on the progress of the company's technology transition and efficiency program. Our pre-comment is available here.