EVRY A/S was a Norwegian information technology company that supplies services relating to computing, including operation,

outsourcing Outsourcing is an agreement in which one company hires another company to be responsible for a planned or existing activity which otherwise is or could be carried out internally, i.e. in-house, and sometimes involves transferring employees and ...

, 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. The new company was named TietoEVRY, and had over 24,000 employees.

History

EDB ErgoGroup ASA was formed in 2010 with the merger of EDB Business Partner and ErgoGroup.

Telenor Telenor ASA ( or ) is a Norwegian majority state-owned multinational telecommunications company headquartered at Fornebu in Bærum, close to Oslo. It is one of the world's largest mobile telecommunications companies with operations worldwide, ...

owned most of the shares of ErgoGroup. The company subsequently changed its name to EVRY ASA in April 2012. 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 The Nordic countries (also known as the Nordics or ''Norden''; literal translation, lit. 'the North') are a geographical and cultural region in Northern Europe and the Atlantic Ocean, North Atlantic. It includes the sovereign states of Denmar ...

. 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. On 29 October 2015, the company was delisted from the

Oslo Stock Exchange Oslo Stock Exchange ( no, Oslo Børs) (OSE: OSLO) is a stock exchange within the Nordic countries and offers Norway’s only regulated markets for securities trading today. The stock exchange offers a full product range including equities, deriv ...

. 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 Sweden, formally the Kingdom of Sweden,The United Nations Group of Experts on Geographical Names states that the country's formal name is the Kingdom of SwedenUNGEGN World Geographical Names, Sweden./ref> is a Nordic country located on ...

to increase profits, saving

NOK Nok is a village in Jaba Local Government Area of Kaduna State, Nigeria. The village is an archeological site. Archaeology The discovery of terracotta figurines at this location caused its name to be used for the Nok culture, of which these ...

400–500 million (about US$50–60 million). In October 2015, it announced the transfer of a further 600 employees to IBM in an outsourcing deal worth US$1 billion. 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. In 2019, it was announced that Evry would merge with Tieto. The merged company TietoEVRY began operations on 2 January 2020.

EVRY India

EVRY acquired Span Infotech, an Indian IT company, which was renamed EVRY India to be coherent with its parent company. 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 The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

and Europe region, operating in banking and financial services, insurance, healthcare, retail and logistics industries. In 2016, EVRY announced it would double the manpower at its Indian subsidiary, then at 600 in

Mohali Mohali, officially known as Sahibzada Ajit Singh Nagar, is a planned city in the Mohali district in Punjab (India), Punjab, India, which is an administrative and a commercial hub lying south-west of Chandigarh. It is the headquarters of the Moh ...

and 1,500 in

Bengaluru Bangalore (), officially Bengaluru (), is the capital and largest city of the Indian state of Karnataka. It has a population of more than and a metropolitan population of around , making it the third most populous city and fifth most ...

, over three years, investing INR 1–1.25 billion. In December 2017, the company opened a new branch in Bangalore, at

Global Village Tech Park Sattva Global City Tech Park (formerly Global Village Tech Park) is a software technology park in Bangalore, India. The park is situated in Rajarajeshwari Nagar off Mysore Road, behind R.V. College of Engineering. It is about 13 km away f ...

References

{{reflist Software companies of Norway Software companies of Sweden Companies based in Oslo Norwegian companies established in 2010 International information technology consulting firms Multinational companies Outsourcing companies Apax Partners companies Norwegian brands