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 | evry |
| Footnotes / references Financials[1] 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
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 USD 50–60 million).[10] In October 2015 it announced the transfer of a further 600 employees to IBM in an outsourcing deal worth USD 1 billion.[11] In 2016 it 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.[12][13] Evry had a total workforce of 9,400 in 2016.[citation needed]
Evry India
| Company type | Private company |
|---|---|
| Industry | Computer applications and IT services |
| Founded | Bangalore, India 1993 |
| Defunct | 5 December 2019 |
| Headquarters | Bangalore , India |
Area served | Worldwide |
| 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 ASA |
| Website | www |
Evry acquired Span Infotech, an Indian IT company,[14] which was renamed Evry India to be coherent with its parent company. Evry India is a Bangalore-based software services company and a provider of IT and software product development services to customers in various industries such as banking and financial services, insurance and healthcare, retail and logistics.[15]
References
- ^ "Share - EVRY". Evry ASA. Retrieved 2014-08-09.
- ^ "Bjorn Ivroth named new CEO of EVRY". Thomson Reuters ONE. 24 March 2015. Retrieved 2015-03-26.
- ^ "BRIEF-Evry elects Jo Lunder as chairman". Reuters. 24 March 2015. Retrieved 2015-03-26.
- ^ "Services - EVRY". Evry ASA. Retrieved 2014-08-09.
- ^ "Future organisational structure for EDB ErgoGroup". ErgoGroup. 7 September 2010. Archived from the original on 2012-03-11. Retrieved 2010-11-02.
- ^ "EDB ErgoGroup ASA - Minutes of the Annual General Meeting". 23 April 2012. Retrieved 2015-03-30.
- ^ "EVRY considers strategic opportunities". Evry ASA. Retrieved 2014-11-21.
- ^ "EVRY: Minutes from the general meeting" (PDF). 23 March 2015. p. 2. Retrieved 2015-03-30.
- ^ "Our history". Evry AS. Retrieved 2015-11-05.
- ^ "IT firm Evry to cut up to 550 jobs in Norway and Sweden". Economic Times. 17 August 2015.
- ^ Nikel, David (6 October 2015). "Hundreds of Evry staff in the Nordics to move to IBM in billion-dollar IT outsourcing deal". Computer Weekly.
- ^ 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 2016-08-27.
- ^ "SPAN Infotech accelerating growth with new brand and visual identity". Evry ASA. Retrieved 2016-08-27.
- ^ "IT Services: Company Overview of SPAN Infotech". Bloomberg Business. Bloomberg L.P. Retrieved 2015-07-30.