Evry

Norwegian information technology firm From Wikipedia, the free encyclopedia

Evry

EVRY A/S was a Norwegian information technology company that supplied services relating to computing, including operation, outsourcing and online banking. The company was headquartered in Oslo. It was established through a merger between EDB Business Partner and ErgoGroup in 2010 and had 10,000 employees at 135 offices in 16 countries.

Quick Facts Company type, Industry ...
EVRY A/S
Company typeLimited company
IndustryInformation technology
Predecessor
FoundedOslo, Norway (October 2010 (2010-10))
Defunct5 December 2019 
Headquarters
Oslo
,
Norway
Number of locations
50 offices
Area served
Worldwide
Key people
Services
Revenue
  • NOK 12.9 billion (2015)
  • NOK 811 million (2015)
300,000,000 Norwegian krone (2016) 
Number of employees
10,000 (2014)
Websitewww.evry.com
Footnotes / references
Financials[1]

Key people[2] [3]

Services[4]
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In June 2019, Tieto paid EUR 1.2 billion for the acquisition of EVRY. The new company was named TietoEVRY and had over 24,000 employees.[5]

History

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Perspective

EDB ErgoGroup ASA was formed in 2010 with the merger of EDB Business Partner and ErgoGroup.[6] Telenor owned most of the shares of ErgoGroup. The company subsequently changed its name to EVRY ASA in April 2012.[7]

In August 2014, EVRY announced it was initiating a process to investigate strategic opportunities. This was motivated by its assessment of the IT sector in the Nordic countries.[8] In March 2015, Apax Partners became the majority owner of the company, a new board was appointed, and it decided to apply for a delisting from the stock exchange.[9] On 29 October 2015, the company was delisted from the Oslo Stock Exchange.[10]

In August 2015, following the loss of a contract with the Norwegian bank DNB, EVRY announced it would lay off 500–550 workers in Norway and Sweden to increase profits, saving NOK 400–500 million (about US$50–60 million).[11] In October 2015, it announced the transfer of 600 employees to IBM in an outsourcing deal worth US$1 billion.[12]

On 13 December 2018, Handelsbanken and EVRY agreed to deliver next-generation core banking and payment services in Finland. The agreement represents a total contract value of approximately NOK 650 million and runs for eight years.[citation needed]

In 2019, it was announced that EVRY would merge with Tieto.[13] The merged company, TietoEVRY, began operations on 2 January 2020.[14]

EVRY India

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Perspective
Quick Facts Company type, Industry ...
EVRY India Pvt. Ltd.
Company typeSubsidiary
IndustryComputer applications and IT services
PredecessorSpan Infotech
FoundedBangalore, India 1993 (1993)
Defunct5 December 2019 
Headquarters
Bangalore
,
India
Area served
Worldwide
Key people
Rajnish Mohan (CEO and Managing Director)
ProductsIT products and services
Revenue12,200,000,000 Norwegian krone (2016) 
300,000,000 Norwegian krone (2016) 
Number of employees
8,500 (2016) 
ParentEVRY A/S
Websitewww.evry.in
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EVRY acquired Span Infotech, an Indian IT company, which was renamed EVRY India to be coherent with its parent company.[15] EVRY India is a software services company headquartered in Bangalore and Chandigarh and a provider of IT and software product development services to customers based in North America and Europe, operating in banking and financial services, insurance, healthcare, retail and logistics industries.[16]

In 2016, EVRY announced it would double the manpower at its Indian subsidiary, then 600 in Mohali and 1,500 in Bangalore, over three years, investing INR 1–1.25 billion.[17]

In December 2017, the company opened a new branch in Bangalore at Global Village Tech Park.[18]

References

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