Tietoevry, a Helsinki, Finland-based business transformation company, acquired MentorMate, a Minneapolis, MN-based a digital engineering company, from its current owner Taylor Corporation.
The amount of the deal was not disclosed.
With the acquisition, Tietoevry will expand its North American customer base and global digital engineering capabilities of its Create business.
MentorMate employs more than 1000 employees in Bulgaria, Paraguay, and the US, providing advanced digital engineering services, human-centered design, data, and AI capabilities to its customers in North America and Europe. MentorMate is one of the leading technology employers in Bulgaria with ~900 employees. In 2022, the company’s revenues were USD 65 million, growing at ~40% and profitability accretive to Tietoevry Create.
Led by CEO Kimmo Alkio, Tietoevry is a digital engineering company with global capabilities. The company’s 24 000 experts globally specialize in cloud, data, and software, serving thousands of enterprise and public-sector customers in more than 90 countries. Tietoevry’s annual turnover is approximately EUR 3 billion and the company’s shares are listed on the NASDAQ exchange in Helsinki and Stockholm, as well as on Oslo Børs.
