EVRY A/S was a

Norwegian Norwegian, Norwayan, or Norsk may refer to: *Something of, from, or related to Norway, a country in northwestern Europe *Norwegians, both a nation and an ethnic group native to Norway *Demographics of Norway *The Norwegian language, including the ...

information technology Information technology (IT) is the use of computers to create, process, store, retrieve, and exchange all kinds of data . and information. IT forms part of information and communications technology (ICT). An information technology system (I ...

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 Online banking, also known as internet banking, web banking or home banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial inst ...

. The company is headquartered in

Oslo Oslo ( , , or ; sma, Oslove) is the capital and most populous city of Norway. It constitutes both a county and a municipality. The municipality of Oslo had a population of in 2022, while the city's greater urban area had a population of ...

. It was established through a merger between

EDB Business Partner EDB Business Partner ASA, trading as EDB ( no, Elektronisk Databehandling) was a Norway, Norwegian information technology company that supplied many services relating to computing, including operation, outsourcing and online banking. The company w ...

and

ErgoGroup ErgoGroup was a Nordic countries, Nordic information technology corporation, systems integrator and consulting company headquartered in Oslo, Norway. The company provided services for IT operations, business solutions, IT outsourcing, outsourcin ...

in 2010 and has 10,000 employees at 135 offices in 16 countries. In June 2019,

Tieto Tietoevry Oyj, Tietoevry Corporation, (Tieto prior to Jun 2019) is a Finnish IT software and service company providing IT and product engineering services. Tietoevry is domiciled in Espoo, Finland, and the company's shares are listed on the NASDA ...

paid EUR 1.2 Bn for the acquisition of EVRY. The new company was named

TietoEVRY Tietoevry Oyj, Tietoevry Corporation, (Tieto prior to Jun 2019) is a Finnish IT software and service company providing IT and product engineering services. Tietoevry is domiciled in Espoo, Finland, and the company's shares are listed on the NASDA ...

, 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 Apax Partners LLP is a British private equity firm, headquartered in London, England. The company also operates out of six other offices in New York, Hong Kong, Mumbai, Tel Aviv, Munich and Shanghai. As of December 2017, the firm, including its ...

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 Drum and bass (also written as drum & bass or drum'n'bass and commonly abbreviated as D&B, DnB, or D'n'B) is a genre of electronic dance music characterized by fast breakbeats (typically 165–185 beats per minute) with heavy bass and sub-ba ...

, 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 Svenska Handelsbanken AB is a Swedish bank providing banking services including traditional corporate transactions, investment banking and trading as well as consumer banking including insurance. Handelsbanken is one of the major banks in Sweden ...

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 Indian or Indians may refer to: Peoples South Asia * Indian people, people of Indian nationality, or people who have an Indian ancestor ** Non-resident Indian, a citizen of India who has temporarily emigrated to another country * South Asia ...

IT company, which was renamed EVRY India to be coherent with its parent company. EVRY India is a software services company headquartered in

Bangalore 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 ...

and

Chandigarh Chandigarh () is a planned city in India. Chandigarh is bordered by the state of Punjab to the west and the south, and by the state of Haryana to the east. It constitutes the bulk of the Chandigarh Capital Region or Greater Chandigarh, which al ...

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 Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...

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

, 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 ...

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