History

In 2000, the Government of Finland, Varma-Sampo Mutual Pension Insurance Company (currently Varma Mutual Employment Pension Insurance Company), Teollisuusvakuutus Oy (currently Sampo Plc) and Novo Group Plc (currently Logica Suomi Ltd) decided to establish a company specialising in human resource management services.

The new company was founded by expanding the operation scope of pension insurance provider Eläkepalvelu Oy, a subsidiary of Varma-Sampo, by merging it with functions and services of Novo Group Plc (private-sector payroll services) as well as those of the State Treasury (public-sector payroll services).

Silta Oy was founded on 1 May 2001 to provide payroll management services for the private and public sector as well as pension insurance services for companies, pension foundations and pension funds. In connection with the founding of the company, personnel fund service provider Rahastopalvelu RP Oy, entirely owned by Eläkepalvelu Oy, as well as the 19 per cent owned SV Benefic Oy, engaged in the provision of services related to HR risk surveys, were transferred to Silta Oy.

On 8 January 2002, Silta Oy increased its ownership of SV Benefic Oy to 100 per cent.

On 30 September 2005, the company purchased 10 per cent of Kuntalaskenta Oy established by the city of Pieksämäki and the municipality of Pieksänmaa, and increased its ownership of the company to 49.9 per cent on 22 February 2007. Kuntalaskenta Oy provides financial management services.

On 1 October 2007, Silta Oy acquired three companies: headhunting and recruitment service provider Konsulttitoimisto Jaakko Lehto Oy, outplacement service provider Oy Promotive Ab and HR consultancy service provider JL Outsourcing Oy (subsequently Silta HRM Oy).

On 1 January 2010, Silta Oy merged its entirely-owned subsidiaries Rahastopalvelu RP Oy, Konsulttitoimisto Jaakko Lehto Oy, Oy Promotive Ab, Silta HRM Oy and SV Benefic Oy (SV Benefic Oy currently has no business operations). Kuntalaskenta Oy will remain a subsidiary of Kuntalaskenta Oy with an ownership interest of 49.9 per cent.

On 5 April 2011, Silta Oy sold its recruitment and outplacement services, as well as HR Leasing and HR Consulting to new owners.

On 19 April 2011, Silta Oy signed an agreement on the transfer of its Pension and Personnel Fund Services to Mandatum Life.

As of 1 July 2011, Pension and Personnel Fund Services are owned by Innova Henkilöstörahasto- ja Eläkepalvelut Oy. Silta Oy continues its operations by concentrating on payroll and financial management services.