Evry
Norwegian information technology firm
From Wikipedia, the free encyclopedia
EVRY A/S was a Norwegian information technology company that supplied services related 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.
| |
| Company type | Limited company |
|---|---|
| Industry | Information technology |
| Predecessor | |
| Founded | Oslo, Norway (October 2010) |
| Defunct | 5 December 2019  |
| Headquarters | Oslo , Norway |
Number of locations | 50 offices |
Area served | Worldwide |
Key people | |
| Services | |
| Revenue |
|
| |
| 300,000,000 Norwegian krone (2016) | |
Number of employees | 10,000 (2014) |
| Website | www |
| Footnotes / references Financials[1] Services[4] | |
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
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.[citation needed]
In August 2014, EVRY announced it was initiating a process to investigate strategic opportunities after its assessment of the IT sector in the Nordic countries.[7] 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.[8] On 29 October 2015, the company was delisted from the Oslo Stock Exchange.
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).[9] In October 2015, it announced the transfer of 600 employees to IBM in an outsourcing deal worth US$1 billion.[10]
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.[11]
In 2019, it was announced that EVRY would merge with Tieto.[12][13] The merged company, TietoEVRY, began operations on 2 January 2020.[14]
EVRY India
| Company type | Subsidiary |
|---|---|
| Industry | Computer applications and IT services |
| Predecessor | Span Infotech |
| Founded | Bangalore, India 1993 |
| Defunct | 5 December 2019 |
| Headquarters | Bangalore , India |
Area served | Worldwide |
Key people | Rajnish Mohan (CEO and Managing Director) |
| Products | IT products and services |
| Revenue | 12,200,000,000 Norwegian krone (2016) |
| 300,000,000 Norwegian krone (2016) | |
Number of employees | 8,500 (2016) |
| Parent | EVRY A/S |
| Website | www |
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.