EVRY A/S was a Norwegian

information technology Information technology (IT) is a set of related fields within information and communications technology (ICT), that encompass computer systems, software, programming languages, data processing, data and information processing, and storage. Inf ...

company that supplied services relating to computing, including operation,

outsourcing Outsourcing is a business practice in which companies use external providers to carry out business processes that would otherwise be handled internally. Outsourcing sometimes involves transferring employees and assets from one firm to another ...

and

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

. The company was headquartered in

Oslo Oslo ( or ; ) 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 1,064,235 in 2022 ...

. It was established through a merger between EDB Business Partner and ErgoGroup in 2010 and had 10,000 employees at 135 offices in 16 countries. In June 2019,

Tieto Tietoevry Corporation (natively Tietoevry Oyj, Tieto prior to June 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 o ...

paid

EUR The euro (symbol: €; currency code: EUR) is the official currency of 20 of the member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 10 ...

1.2 billion 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 worldwi ...

owned most of the shares of ErgoGroup. The company subsequently changed its name to EVRY ASA in April 2012. In August 2014, EVRY announced it was initiating a process to investigate strategic opportunities. This was motivated by its assessment of the IT sector in the

Nordic countries The Nordic countries (also known as the Nordics or ''Norden''; ) are a geographical and cultural region in Northern Europe, as well as the Arctic Ocean, Arctic and Atlantic Ocean, North Atlantic oceans. It includes the sovereign states of Denm ...

. 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 March 2024, the firm had raised and adv ...

became the majority owner of the company, a new board was appointed, and it decided to apply for a delisting from the stock exchange. On 29 October 2015, the company was delisted from the

Oslo Stock Exchange Oslo Stock Exchange () (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, derivatives and fixed ...

. In August 2015, following the loss of a contract with the Norwegian bank DNB, EVRY announced it would lay off 500–550 workers in Norway and

Sweden Sweden, formally the Kingdom of Sweden, is a Nordic countries, Nordic country located on the Scandinavian Peninsula in Northern Europe. It borders Norway to the west and north, and Finland to the east. At , Sweden is the largest Nordic count ...

to increase profits, saving

NOK Nok is a village in Jaba, Nigeria, 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, ...

400–500 million (about US$50–60 million). In October 2015, it announced the transfer of 600 employees to

IBM International Business Machines Corporation (using the trademark IBM), nicknamed Big Blue, is an American Multinational corporation, multinational technology company headquartered in Armonk, New York, and present in over 175 countries. It is ...

in an outsourcing deal worth US$1 billion. On 13 December 2018,

Handelsbanken Svenska Handelsbanken AB is a leading Nordic countries, Nordic bank with international operations, providing a comprehensive range of financial services including corporate banking, investment banking, trading, and consumer banking such as loans, ...

and EVRY agreed to deliver next-generation core banking and payment services in Finland. The agreement represents a total contract value of approximately NOK 650 million and runs for 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

India India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...

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

Bangalore Bengaluru, also known as Bangalore (List of renamed places in India#Karnataka, its official name until 1 November 2014), is the Capital city, capital and largest city of the southern States and union territories of India, Indian state of Kar ...

and

Chandigarh Chandigarh is a city and union territory in northern India, serving as the shared capital of the states of Punjab and Haryana. Situated near the foothills of the Shivalik range of Himalayas, it borders Haryana to the east and Punjab in the ...

and a provider of IT and software product development services to customers based in

North America North America is a continent in the Northern Hemisphere, Northern and Western Hemisphere, Western hemispheres. North America is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South Ameri ...

and

Europe Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south, and Asia to the east ...

, 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 600 in

Mohali Mohali, officially Sahibzada Ajit Singh Nagar or Ajitgarh, 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 M ...

and 1,500 in Bangalore, 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.

References

{{Authority control 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