Evry to double headcount

Evry India, formerly known as Span Infotech, plans to double its headcount and revenues from India operations in the next three years.

Span Infotech, a Bengaluru-based company was acquired by Evry, a Norwegian IT services company headquartered in Oslo, believes that growth in the coming years will largely be due to companies wanting to increase their outsourcing requirements in the Nordics region.

Evry IT is a privately held company it did not divulge revenue details. “We have around 2,500 employees in India and will double it to 5,000 in that timeframe,” said Rajnish Mohan, Executive V-P, Evri India. The company has centres in Bengaluru and Chandigarh. Evri competes against the likes of TCS, Accenture and others for outsourcing deals.

The whole Euro zone is undergoing a recession and companies are looking at different ways to stay competitive. Anne Ivanoff, Executive Vice-President, EVRY Global Delivery, said that there is an increasing amount of interest coming from Nordic countries such as Sweden and Norway as they do not have sufficient IT talent pool.

“This is where India will be used as a platform to help our global clients,” Ivanoff added.

According to research firm IDC, IT services market in the Nordics was estimated to be $24.4 billion in 2014 and about half of that was outsourced.

Evry India Managing Director, Pradeep Grama, also one of the founders, said the company, which counts a large number of mid-size clients in US and Europe are looking at ways to use technology to stay competitive. “The India centre will work on digital, co-develop technologies (with clients) and invest in Intellectual Property,” Grama added.

Evri gets around 40 per cent of its business from Europe, has a total workforce of 10,000 and services about 1,000 clients all over the world.