TietoEnator acquires Sweden's Zait IT Services

Source: TietoEnator

TietoEnator has acquired Zait IT Services AB, an IT specialist within the healthcare and welfare sector.

The company has 43 employees located in Luleå and Stockholm and offers custom based system development, products as well as operation and maintenance services. The agreement supports TietoEnator's strategy to expand its business within the healthcare and welfare area by broadening its solution portfolio as well as its Swedish customer base. The completion date for the transaction is set for 31 August 2005.

"The healthcare and welfare market will undergo many structural changes in the coming years. Consolidation and new business models require long-sightedness and strength to drive product development and national projects. Together, our products, services and knowledge create a unique combination that will enable us to provide our customers with the opportunity to streamline working processes and information flow within and between counties and municipalities," says Benjamin Cessford, Vice President, TietoEnator Healthcare & Welfare.

With its solution Meddix, Zait is one of the market leaders in Sweden. Meddix is a product that enables to coordinate and bridge care plans between counties and municipalities. A number of counties and municipalities already benefit from the company's solution and services. Zait has shown positive results and good growth since its inception in 1999. Net sales in 2004 amounted to EUR 3.1 million.

"A strong owner and additionally a market leader within healthcare and welfare IT will provide great advantages for our customers and personnel. Together with TietoEnator we will be able to strengthen our delivery capacity, provide long-sighted product development and the ability to offer a complete solution and service portfolio. The acquisition is also very positive for the local industry in Luleå and Norrbotten as TietoEnator establish themselves as a strong healthcare and welfare partner in northern Sweden," says Christer Bergh, Managing Director for Zait.

TietoEnator has more than 900 experts in the social welfare and healthcare business in Denmark, Finland, Germany, India, Netherlands, Norway and Sweden. The Group has over 30 years of experience in these sectors.

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