Nordic Technology Company Tietoevry Acquires MentorMate

Minneapolis, MN, July 21, 2023 /PRNEWS/ — In connection with its quarterly results announcement this morning, Nordic technology company Tietoevry announced its recent acquisition of MentorMate from Mankato-based Taylor Corporation. The announcement marks the start of a new era for both Tietoevry and MentorMate alike. With more than 24,000 employees worldwide, Tietoevry serves thousands of enterprise and public-sector clients in more than 90 countries. The company’s annual revenue is approximately 3 billion euro, and its shares are listed on the NASDAQ exchange in Helsinki and Stockholm and on Oslo Børs. MentorMate joins Tietoevry’s Create business, a leading accelerator for fast-paced digital innovation and sustainable value creation. The addition of MentorMate allows Tietoevry Create to significantly expand its North American client base and enhance its industry expertise.

Headquartered in Minneapolis, MN, MentorMate’s global footprint includes five delivery centers across Bulgaria, one in Paraguay, and a consulting partnership in Gothenburg, Sweden. The company started in 2001 after developing a Palm Pilot language-learning app before pivoting to a custom software development services provider. Today, MentorMate blends strategic insights and thoughtful design with brilliant engineering to create durable technical solutions that deliver digital transformation at scale. The company works with enterprise clients in highly-regulated and specialized industries like healthcare, financial services, manufacturing, education, and agriculture.

Tietoevry’s acquisition of MentorMate aligns with both companies’ objectives to be a global leader in digital consulting, design, and engineering services.

“I warmly welcome MentorMate to the Tietoevry Create family,” says Managing Director of Tietoevry Create Christian Pedersen. “With great talent and customers, MentorMate plays a key role in our path to building a leading global digital engineering business. It enhances our North American business and creates a presence in the attractive talent markets of Bulgaria and Paraguay. It unlocks the growth opportunity for Tietoevry Create by bringing additional scale to serve our combined North American and European customer bases.”

“Being part of Tietoevry Create accelerates our long-term goal to become one of the world’s top digital engineering providers,” says MentorMate President Jay Miller. “For our team members, it means access to global career and growth opportunities, while our clients will benefit from Tietoevry’s breadth of services and competencies.” 

The transaction closed on July 20, 2023. The value and the terms of the transaction are confidential.