TietoEnator Acquires HP's Compaq Healthcare Business in Finland

Espoo, FINLAND


ESPOO, Finland, May 27, 2002 (PRIMEZONE) -- TietoEnator and HP have signed an agreement on TietoEnator's acquisition of HP's Compaq healthcare solutions business in Finland. The deal supports TietoEnator's strategy of growth in the Nordic healthcare sector. The Compact business, its six employees, products and customer agreements, including commitments and liabilities, will be transferred to TietoEnator with effect from 1 June 2002.

The products covered by the agreement include the Musti patient administration system, Qkert patient record software, Qpati pathology laboratory information system, and the Konsu consultative referrals and discharges system. The Musti system is currently used by 8 hospital districts including three university hospital: Helsinki and Uusimaa, Kuopio and Turku

"Compaq has a strong heritage as a healthcare applications provider going back to the Digital years. We believe this deal will ensure that healthcare customers will continue to receive the software applications specific to their needs, and that this application expertise is now concentrated in one place," said Dan Hogstrom, Director, HP Services. He also emphasized that, "HP will continue to meet the need for IT solutions among customers in the healthcare sector with the leading portfolio of products and with a diversified range of services."

TietoEnator is the leading provider of IT healthcare solutions in the Nordic countries. It has approximately 300 employees in this sector in Finland, Sweden, Norway and Denmark, more than 100 of whom work in Finland.

Further information


Juhani Kaisanlahti, Vice president, TietoEnator Healthcare,
tel. +358 9 862 52471 or +358 400 643 371, 
juhani.kaisanlahti@tietoenator.com

Hannu Puuronen, Director, TietoEnator HealthCare Finland,
tel. +358 537 2743, +358 400 291 801,
hannu.puuronen@tietoenator.com

Dan Hogstrom, Director, HP Services, tel. +358 20412 6000 or
+358 40-5459989
dan.hogstrom@hp.com

With almost 12,000 employees and annual net sales of EUR 1.1 billion, TietoEnator is a leading supplier of high value-added IT services in Europe. TietoEnator specialises in consulting, building and hosting its customers' business operations in the digital economy. The Group's services are based on a combination of deep industry-specific expertise and latest information technology. www.tietoenator.com

HP is a leading global provider of technology products, solutions and services to consumers and businesses. The company's offerings span IT infrastructure, personal computing and access devices, global services and imaging and printing. The merged company had combined revenue of approximately $81.7 billion in fiscal year 2001 and operations in more than 160 countries. In Finland the combined revenue was about 4,5 billion Finnish Marks and the new company employs about 1000 people. Information about HP and its products can be found at http://www.hp.com

TIETOENATOR CORPORATION

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