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.
 | |
| 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 Bn 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.[7]
In August 2014, EVRY announced that 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 de-listing 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 a further 600 employees to IBM in an outsourcing deal worth US$1 billion.[12]
On 13 December 2018, Handelsbanken and EVRY entered into an agreement for the delivery of next-generation core banking and payment services in Finland. The agreement representeds a total contract value of approximately NOK 650 million and runs for a period of eight years.
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
| 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 America and Europe region, 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 at 600 in Mohali and 1,500 in Bengaluru, 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
- "Share - EVRY". Evry ASA. Archived from the original on 16 July 2014. Retrieved 9 August 2014.
- "Per Hove is appointed new CEO of EVRY". NTB info. 19 November 2018. Retrieved 18 December 2018.
- "BRIEF-Evry elects Jo Lunder as chairman". Reuters. 24 March 2015. Retrieved 26 March 2015.
- "Services - EVRY". Evry ASA. Retrieved 9 August 2014.
- Solsvik, Terje; Kauranen, Anne (18 June 2019). "Tieto scoops up Evry in $1.5 billion deal to create Nordic digital consultancy". Reuters.
- "Future organisational structure for EDB ErgoGroup". ErgoGroup. 7 September 2010. Archived from the original on 11 March 2012. Retrieved 2 November 2010.
- "EDB ErgoGroup ASA - Minutes of the Annual General Meeting". 23 April 2012. Retrieved 30 March 2015.
- "EVRY considers strategic opportunities". EVRY ASA. Archived from the original on 30 November 2014. Retrieved 21 November 2014.
- "EVRY: Minutes from the general meeting" (PDF). 23 March 2015. p. 2. Retrieved 30 March 2015.
- "Our history". Evry AS. Retrieved 5 November 2015.
- "IT firm Evry to cut up to 550 jobs in Norway and Sweden". Economic Times. 17 August 2015.
- "IBM Inks $1B, 10-Year Cloud Deal With EVRY". eWEEK. Retrieved 29 September 2017.
- Nikel, David (6 October 2015). "Hundreds of EVRY staff in the Nordics to move to IBM in billion-dollar IT outsourcing deal". Computer Weekly. Retrieved 29 September 2017. - NTB (18 June 2019). "Evry og Tieto fusjonerer" [Evry and Tieto merge]. Digi.no (in Norwegian). Retrieved 15 June 2022.
- Tietoevry.com. "Creating purposeful technology". TietoEVRY. Retrieved 15 June 2022.
- "SPAN Infotech accelerating growth with new brand and visual identity". Evry ASA. 15 June 2016. Archived from the original on 20 August 2016. Retrieved 27 August 2016.
- "IT Services: Company Overview of SPAN Infotech". Bloomberg Business. Bloomberg L.P. Archived from the original on 6 July 2014. Retrieved 30 July 2015.
- Roy, Vijay C (15 June 2016). "EVRY India to hire 600 at Mohali unit". The Tribune.
- Ganesh, Venkatesh (17 June 2016). "Evry to double headcount". Business Line. Retrieved 27 August 2016. - "EVRY India Bengaluru Office". Glassdoor. Retrieved 24 January 2022.