Evry

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EVRY A/S
Limited company
IndustryInformation technology
Predecessor
FoundedOslo, Norway (October 2010 (2010-10))
Headquarters
Oslo
,
Norway
Number of locations
50 offices
Area served
Worldwide
Key people
Services
Revenue
  • Increase NOK12.9 billion (2015)
  • NOK12.9 billion (2015)
  • Increase NOK811 million (2015)
  • NOK811 million (2015)
Number of employees
10,000 (2014)
Websitewww.evry.com
Footnotes / references
Financials[1]

Key people[2] [3]

Services[4]

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

History[edit]

EDB ErgoGroup ASA was formed in 2010 with the merger of EDB Business Partner and ErgoGroup.[5] Telenor owned most of the shares of ErgoGroup. The company subsequently changed its name to EVRY ASA in April 2012.[6]

In August 2014, EVRY announced that it was initiating a process to investigate strategic opportunities. This was motivated by their 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 de-listing from the stock exchange.[8] On 29 October 2015, the company was delisted from the Oslo Stock Exchange.[9]

In August 2015, following the loss of a contract with 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).[10] In October 2015 it announced the transfer of a further 600 employees to IBM in an outsourcing deal worth US$1 billion.[11][12]

EVRY had a total workforce of 9,400 in 2016.[citation needed]

On 13 December 2018, Handelsbanken and EVRY entered into an agreement for the delivery of next-generation core banking and payment solutions in Finland. The agreement represents a total contract value of approximately NOK 650 million and runs for a period of eight years.[citation needed]

EVRY India[edit]

EVRY India Pvt. Ltd.
Subsidiary
IndustryComputer applications and IT services
PredecessorSpan Infotech
FoundedBangalore, India 1993 (1993)
Headquarters
Bangalore
,
India
Area served
Worldwide
Key people
Rajnish Mohan (CEO and Managing Director)
ProductsIT products and services
ParentEVRY A/S
Websitewww.evry.in

EVRY acquired Span Infotech, an Indian IT company, which was renamed EVRY India to be coherent with its parent company.[13] 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.[14]

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.[15][16]

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

References[edit]

  1. ^ "Share - EVRY". Evry ASA. Retrieved 2014-08-09.
  2. ^ "Per Hove is appointed new CEO of EVRY". NTB info. 19 November 2018. Retrieved 2018-12-18.
  3. ^ "BRIEF-Evry elects Jo Lunder as chairman". Reuters. 24 March 2015. Retrieved 2015-03-26.
  4. ^ "Services - EVRY". Evry ASA. Retrieved 2014-08-09.
  5. ^ "Future organisational structure for EDB ErgoGroup". ErgoGroup. 7 September 2010. Archived from the original on 2012-03-11. Retrieved 2010-11-02.
  6. ^ "EDB ErgoGroup ASA - Minutes of the Annual General Meeting". 23 April 2012. Retrieved 2015-03-30.
  7. ^ "EVRY considers strategic opportunities". EVRY ASA. Retrieved 2014-11-21.
  8. ^ "EVRY: Minutes from the general meeting" (PDF). 23 March 2015. p. 2. Retrieved 2015-03-30.
  9. ^ "Our history". Evry AS. Retrieved 2015-11-05.
  10. ^ "IT firm Evry to cut up to 550 jobs in Norway and Sweden". Economic Times. 17 August 2015.
  11. ^ "IBM Inks $1B, 10-Year Cloud Deal With EVRY". eWEEK. Retrieved 2017-09-29.
  12. ^ Nikel, David (6 October 2015). "Hundreds of EVRY staff in the Nordics to move to IBM in billion-dollar IT outsourcing deal". ComputerWeekly.com. Retrieved 2017-09-29.
  13. ^ "SPAN Infotech accelerating growth with new brand and visual identity". Evry ASA. 15 June 2016. Retrieved 2016-08-27.
  14. ^ "IT Services: Company Overview of SPAN Infotech". Bloomberg Business. Bloomberg L.P. Retrieved 2015-07-30.
  15. ^ Roy, Vijay C (15 June 2016). "EVRY India to hire 600 at Mohali unit". The Tribune.
  16. ^ Ganesh, Venkatesh (17 June 2016). "Evry to double headcount". Business Line. Retrieved 2016-08-27.

External links[edit]

Official website