Evry

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
EVRY A/S
Limited company
IndustryInformation technology
Predecessor
FoundedOslo, Norway (October 2010 (2010-10))
Defunct5 December 2019 Edit this on Wikidata
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)
300,000,000 Norwegian krone[1] (2016) Edit this on Wikidata
Number of employees
10,000 (2014)
Websitewww.evry.com
Footnotes / references
Financials[2]

Key people[3] [4]

Services[5]

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.

In June 2019, Tieto paid EUR 1.2 Bn for the acquisition of EVRY[6]. The new company will be named TietoEVRY, have over 24.000 employees and generate a projected revenue of over EUR 3 Bn for the fiscal year 2020.[7]

History[edit]

EDB ErgoGroup ASA was formed in 2010 with the merger of EDB Business Partner and ErgoGroup.[8] Telenor owned most of the shares of ErgoGroup. The company subsequently changed its name to EVRY ASA in April 2012.[9]

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.[10] 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.[11] On 29 October 2015, the company was delisted from the Oslo Stock Exchange.[12]

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).[13] In October 2015 it announced the transfer of a further 600 employees to IBM in an outsourcing deal worth US$1 billion.[14][15]

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 services 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)
Defunct5 December 2019 Edit this on Wikidata
Headquarters
Bangalore
,
India
Area served
Worldwide
Key people
Rajnish Mohan (CEO and Managing Director)
ProductsIT products and services
Revenue12,200,000,000 NOK[1] (2016) Edit this on Wikidata
300,000,000 Norwegian krone[1] (2016) Edit this on Wikidata
Number of employees
8,500[16] (2016) Edit this on Wikidata
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.[17] 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.[18]

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.[19][20]

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

References[edit]

  1. ^ a b c https://www.evry.com/globalassets/evryreports/2017/evry_annrapp_no_150517_.pdf.
  2. ^ "Share - EVRY". Evry ASA. Archived from the original on 2014-07-16. Retrieved 2014-08-09.
  3. ^ "Per Hove is appointed new CEO of EVRY". NTB info. 19 November 2018. Retrieved 2018-12-18.
  4. ^ "BRIEF-Evry elects Jo Lunder as chairman". Reuters. 24 March 2015. Retrieved 2015-03-26.
  5. ^ "Services - EVRY". Evry ASA. Retrieved 2014-08-09.
  6. ^ "EVRY acquired by Tieto".
  7. ^ "Tieto scoops up Evry in $1.5 billion deal to create Nordic digital consultancy".
  8. ^ "Future organisational structure for EDB ErgoGroup". ErgoGroup. 7 September 2010. Archived from the original on 2012-03-11. Retrieved 2010-11-02.
  9. ^ "EDB ErgoGroup ASA - Minutes of the Annual General Meeting". 23 April 2012. Retrieved 2015-03-30.
  10. ^ "EVRY considers strategic opportunities". EVRY ASA. Archived from the original on 2014-11-30. Retrieved 2014-11-21.
  11. ^ "EVRY: Minutes from the general meeting" (PDF). 23 March 2015. p. 2. Retrieved 2015-03-30.
  12. ^ "Our history". Evry AS. Retrieved 2015-11-05.
  13. ^ "IT firm Evry to cut up to 550 jobs in Norway and Sweden". Economic Times. 17 August 2015.
  14. ^ "IBM Inks $1B, 10-Year Cloud Deal With EVRY". eWEEK. Retrieved 2017-09-29.
  15. ^ 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.
  16. ^ https://www.evry.com/no/selskapet/om-oss2/om-evry/.
  17. ^ "SPAN Infotech accelerating growth with new brand and visual identity". Evry ASA. 15 June 2016. Archived from the original on 20 August 2016. Retrieved 2016-08-27.
  18. ^ "IT Services: Company Overview of SPAN Infotech". Bloomberg Business. Bloomberg L.P. Retrieved 2015-07-30.
  19. ^ Roy, Vijay C (15 June 2016). "EVRY India to hire 600 at Mohali unit". The Tribune.
  20. ^ Ganesh, Venkatesh (17 June 2016). "Evry to double headcount". Business Line. Retrieved 2016-08-27.