The purpose of the long-term partnership is to increase efficiency in developing innovative ICT solutions to Stockmann’s customers, to lower costs, and to harmonise and centralise ICT services

Hyderabad, November 02, 2016 Stockmann: a Finnish company engaged in retail operations, has signed a five-year cooperation agreement with Tech Mahindra to produce part of Stockmann’s ICT (Information and Communications Technology) services.

As a consequence, Stockmann will consolidate the maintenance and development of business applications and infrastructure offered by more than 20 current service providers and delivered from several countries to one dedicated supplier. At the same time, 33 of Stockmann's current ICT employees are planned to transfer to Tech Mahindra on 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 is a specialist in digital transformation, consulting and business reengineering, offering innovative and customer-centric information technology services and solutions to over 825 customers globally. The company which has been providing IT services in the Nordic region for around last 10 years, has over 2000 employees working for customers in the Nordic 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.