Tecnotree appoints Ilkka Raiskinen as President and CEO

Tecnotree Corporation
Stock Exchange Release
28th May, 2013 at 2.00 pm (EEST)

Tecnotree Corporation changes the management of the company and appoints Vice Chairman of the Board of Directors Mr. Ilkka Raiskinen as President & CEO as of May 28, 2013. The previous President & CEO Kaj Hagros will act as an advisor to the CEO during handover.

“The appointment of Ilkka Raiskinen signals the next phase of executing our strategy. In 2010, Kaj Hagros was tasked to redefine the new strategic direction towards a broad business IT offering, enabling telecom operators to transform their business towards a marketplace of digital services. Tecnotree has successfully transitioned into one of the leading solution providers, as evidenced by the rapid growth in order intake and revenue. In the next phase of our strategy, we will improve productization and delivery scalability of our software products. Ilkka’s experience in telecommunications and internet services R&D is a good match with our next steps”, says Harri Koponen, Chairman of the Board.

Harri Koponen adds: “On behalf of the Board of Directors, I wish to thank Kaj Hagros for his significant contribution to the company’s turnaround. Under Kaj’s leadership Tecnotree has gone through a major strategic and operational change. His insights and dedication throughout the process has been exceptional and well perceived by the customers, investors and staff. The Board wishes him every success in the future pursuits he has chosen.”

Ilkka Raiskinen comments on his appointment: “I am very excited about the opportunity to lead the next phase of Tecnotree’s strategic renewal. I hope that my past experience and my exposure in the Tecnotree Board will support our strong management team.”

Ilkka Raiskinen (51) has over 25 years of experience in the software and mobile industries. During the last four years he has been active with Scandinavian technology start-ups. Prior to that he had multiple executive positions in Nokia including SVP of Multimedia Experiences and SVP of Nokia’s Maps and Navigation business. Mr. Raiskinen has a M.Sc. (eng) degree from the Helsinki University of Technology. Ilkka Raiskinen is Finnish by nationality, and lives in Espoo with his wife and three children.

Ilkka Raiskinen will continue as a member of the Board of Directors.


Board of Directors

Further information
Harri Koponen, Chairman of the Board, tel. +358 40 845 0000

NASDAQ OMX Helsinki Ltd
Main Media

About Tecnotree
Tecnotree is a global provider of a broad range of telecom IT solutions focused on charging, billing, customer care, messaging and content services. Tecnotree empowers communication service providers to create and monetize a broad marketplace of digital services, and augment value across the customer lifecycle. Acknowledged for agility and commitment, Tecnotree has more than 1000 employees serving over 100 operators globally. Tecnotree is listed on the main list of NASDAQ OMX Helsinki Ltd. with the trading code TEM1V. For more information on Tecnotree visit www.tecnotree.com


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