Product Code Database
EVRY A/S was a Norway information technology company that supplied services relating to computing, including operation, outsourcing and online banking. The company was headquartered in Oslo. 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 paid Euro 1.2 billion for the acquisition of EVRY. The new company was named TietoEVRY and had over 24,000 employees.
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. In March 2015, Apax Partners 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.
In August 2015, following the loss of a contract with the Norwegian bank DNB ASA, EVRY announced it would lay off 500–550 workers in Norway and Sweden to increase profits, saving Norwegian krone 400–500 million (about US$50–60 million). In October 2015, it announced the transfer of 600 employees to IBM in an outsourcing deal worth US$1 billion.
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On 13 December 2018, Handelsbanken 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.
In 2016, EVRY announced it would double the manpower at its Indian subsidiary, then 600 in Mohali and 1,500 in Bangalore, over three years, investing Indian rupee 1–1.25 billion.
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In December 2017, the company opened a new branch in Bangalore at Global Village Tech Park.
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