Finnish retail major Stockmann has signed a five-year cooperation agreement with Tech Mahindra to produce part of Stockmann’s information and communications technology (ICT) services. The selection of Tech Mahindra as partner is part of Stockmann’s decision to consolidate the maintenance and development of business applications and infrastructure offered by more than 20 service providers from several countries to one dedicated supplier.
At the same time, 33 of Stockmann's current ICT employees will be transferred to Tech Mahindra from 1 January, 2017 under a business transfer agreement. The target of the planned changes is to reduce Stockmann’s ICT costs by about EUR 4 million annually from 2018 onwards.
“This partnership is the start of a new phase in developing ICT services at Stockmann. It will allow us to ensure efficient production of up-to-date services to our customers in the stores as well as online. Tech Mahindra has deep knowledge of offering digital services to well-known retail companies worldwide, and we are glad to gain this expertise for the benefit of our customers,” says Petteri Naulapää, CIO at Stockmann.
Stockmann will maintain an ICT organisation with about 40 employees responsible for IT portfolio management and development of business processes, applications and digital services for Stockmann’s customers.
“Tech Mahindra is extremely pleased for being chosen as the strategic ICT supplier to Stockmann. We are quite hopeful that by bringing in best-in-breed technology solutions and services and by global best practices in this space, we will help Stockmann in significantly enhancing its operational efficiency in the fast evolving retail landscape globally,” said Rajesh Chandiramani, Head of Enterprise Business - Continental Europe & British Telecom Engagement, Tech Mahindra.
Tech Mahindra, which is currently a specialist in digital transformation, consulting and business re-engineering, offers information technology services and solutions to over 825 customers globally. The company that has been providing IT services in the Nordic region for around last 10 years has over 2000 employees working for customers in this region spanning across sectors such as automotive, aerospace, financial services, public sector as well as retail among others. Recently, the company launched its European hybrid cloud infrastructure facility, from the Nordic region.
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Unnikrishnan is currently Senior Associate Editor with BW Businessworld at its Mumbai Bureau. During his two decades long journalistic career, he has received several media awards and recognitions. His articles on healthcare, life sciences and intellectual property rights (IPR) have been republished by several international blogs and journals.
