Evry

EVRY India Pvt. Ltd.
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)
Net income	300,000,000 Norwegian krone (2016)
Number of employees	8,500 (2016)
Parent	EVRY A/S
Website	www.evry.in

EVRY A/S
Company type	Limited company
Industry	Information technology
Predecessor	EDB Business Partner; ErgoGroup;
Founded	Oslo, Norway (October 2010)
Defunct	5 December 2019
Headquarters	Oslo, Norway
Number of locations	50 offices
Area served	Worldwide
Key people	Per Hove (CEO); Salim Nathoo (Chairman);
Services	IT consulting; Business solutions[buzzword]; IT infrastructure;
Revenue	NOK12.9 billion (2015); NOK12.9 billion (2015);
Operating income	NOK811 million (2015); NOK811 million (2015);
Net income	300,000,000 Norwegian krone (2016)
Number of employees	10,000 (2014)
Website	www.evry.com
	Footnotes / references; Financials Key people Services

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 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.^{[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

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.

[1] "Share - EVRY". Evry ASA. Archived from the original on 16 July 2014. Retrieved 9 August 2014.

[2] "Per Hove is appointed new CEO of EVRY". NTB info. 19 November 2018. Retrieved 18 December 2018.

[3] "BRIEF-Evry elects Jo Lunder as chairman". Reuters. 24 March 2015. Retrieved 26 March 2015.

[4] "Services - EVRY". Evry ASA. Retrieved 9 August 2014.

[5] Solsvik, Terje; Kauranen, Anne (18 June 2019). "Tieto scoops up Evry in $1.5 billion deal to create Nordic digital consultancy". Reuters.

[6] "Future organisational structure for EDB ErgoGroup". ErgoGroup. 7 September 2010. Archived from the original on 11 March 2012. Retrieved 2 November 2010.

[7] "EDB ErgoGroup ASA - Minutes of the Annual General Meeting". 23 April 2012. Retrieved 30 March 2015.

[8] "EVRY considers strategic opportunities". EVRY ASA. Archived from the original on 30 November 2014. Retrieved 21 November 2014.

[9] "EVRY: Minutes from the general meeting" (PDF). 23 March 2015. p. 2. Retrieved 30 March 2015.

[10] "Our history". Evry AS. Retrieved 5 November 2015.

[11] "IT firm Evry to cut up to 550 jobs in Norway and Sweden". Economic Times. 17 August 2015.

[12] "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.

[13] NTB (18 June 2019). "Evry og Tieto fusjonerer" [Evry and Tieto merge]. Digi.no (in Norwegian). Retrieved 15 June 2022.

[14] Tietoevry.com. "Creating purposeful technology". TietoEVRY. Retrieved 15 June 2022.

[15] "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.

[16] "IT Services: Company Overview of SPAN Infotech". Bloomberg Business. Bloomberg L.P. Archived from the original on 6 July 2014. Retrieved 30 July 2015.

[17] 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.

[18] "EVRY India Bengaluru Office". Glassdoor. Retrieved 24 January 2022.

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Evry

History

EVRY India

References

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