Tieto-X boosts its project business with the PlanMill PSA solution

Press release June 13, 2005 - PlanMill Ltd as provider of user-friendly project business solutions that support real-time operation has delivered to Tieto-X Oyj a browser-based PlanMill PSA (Professional Services Automation) solution for over 300 users. The new, integrated PlanMill PSA solution replaces the previously used simplified in-house system for tracking working hours. Additionally, the new solution has been integrated to the Persona Wintime payroll system and the Economa Wintime financial management system.

With the real-time PlanMill PSA system, Tieto-X will support and improve planning, monitoring and management of operative project work and contract work, management of project teams' time, invoicing, payroll, reporting, and consistency of operating methods in a distributed business environment.

According to Tieto-X's Chief Financial Officer Timo Leinonen, the company was looking for a user-friendly, scalable and cost-efficient system for managing its demanding development, contract work and delivery projects. At the same time, the company wanted to make sure that the selected PSA system would be able to fulfill customer-specific business requirements also in the future.

- The long-term cooperation we have started with Tieto-X further strengthens PlanMill's position as a provider that has 100 percent focus on project business solutions. For project organizations that produce internal and external specialist services, we are Finland's leading provider of browser-based, user-friendly, real-time PSA solutions that improve productivity, says Thomas Hood, CEO of PlanMill Ltd.

Additional information:
CEO Thomas Hood, PlanMill Ltd
Tel. +358-40-558 5138 or thomas.hood@planmill.com

CFO Timo Leinonen, Tieto-X Plc
Tel. +358-400-793 073 or timo.leinonen@tieto-x.fi

PlanMill briefly
PlanMill Ltd is a leading provider of user-friendly, real-time PSA (Professional Services Automation) solutions. Browser-based PSA solutions by PlanMill help to improve the control of customer relationships, projects and business processes, which in turn improves the customer companies' productivity and profitability. PlanMill solutions have been deployed to more than 60 leading service companies and IT and R&D divisions of companies in more than 10 countries. Its customers include Digita, Ilmarinen, Mondi Packaging, Nordea, Raiffeisen Informatik, Sentera, Sofia Digital, Tieto-X and TJ Group. The offices of PlanMill Ltd are located in Helsinki, Finland, and St. Gallen, Switzerland. The company has established an authorized dealer network to Austria, Switzerland, and Germany. PlanMill is a subsidiary of TJ Group Plc, which is listed in the Helsinki Exchanges. Additional information: www.planmill.com

Tieto-X briefly
Tieto-X operates in the IT services market, offering its customers flexible software development and maintenance solutions that support their competitiveness and risk management. Tieto-X's clientele comprises of mobile phone manufacturers operating on the international markets and leading domestic finance, industry and ICT companies as well as public administration organisations. Tieto-X's turnover was EUR 24.5 million in 2004. Operating profit before goodwill amortisation was EUR 2.6 million or 10.5 per cent of turnover. Tieto-X has its headquarter in Helsinki and local offices in Tampere, Turku, Salo, Jyväskylä, Oulu and Kemi. The number of personnel is about 330. The company is listed on the Helsinki Stock Exchange NM List. Additional information: www.ixonos.com

This is a translation of the original Finnish release. In case the translation differs in meaning from the Finnish version, the Finnish version takes precedence.

Distribution:
Helsinki Stock Exchange
Main Media

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