Evry
 | |
| 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] | |
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.
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
[edit]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
[edit]| 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.[18]
References
[edit]- ^ "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.