EVRY aims to invest Rs 125 cr

EVRY aims to invest Rs 125 cr
EVRY, Oslo-headquartered $1.6 billion Norwegian IT company having its India headquarters in Bengaluru, announced its growth plans to double headcount and invest Rs 125 crore within two years.

“This year we are not looking at more growth, but are focusing on profitability. But in India, we are looking at growth by accelerating global deliveries as we will move application operations, product development and product engineering to India,” said EVRY Global Delivery Executive Vice President Anne Ivanoff told Deccan Herald.

She said the company is also emphasising on digital transformation as part of giving value-added services to its clients. “We have established a Strategic Design Lab (SDL) in Stockholm to create new value proposition for our customers. In India, we have planned an experience centre and later a SDL,” she said.

The company offers SaaS-based service in verticals like end-to-end financial services, healthcare, insurance, telecom, data centre and analytics. “SMAC is an important component of our digital strategy. We are focussing on analytics to make business impact,” she said.

In India, the company is established by acquiring SPAN Infotech, a Bengaluru-based software services company. “Out of our 9,900-strong workforce, 2,500 sits out of India. We have another centre in Mohali. We plan to invest around Rs 125 crore for the coming two years,” she said.

EVRY is looking at business opportunities in the Nordic region, Europe, the US and India. “We are focussing on India too, as we bring majority of solutions from our headquarters and expanding it on our client bases, especially in the financial and government sectors,” she said.

The company was established through a merger between EDB Business Partner and Ergo Group in 2010, and formed EDB ErgoGroup. The company subsequently changed its name to EVRY ASA in April 2012.
DH News Service

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