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EVRY Wins $75 Million Contract

Less than a month after landing a deal worth almost $77 million, Nordic IT company EVRY announced it has inked a $75 million contract with Handelsbanken in Finland.

Under the agreement, which is set to last eight years with an optional two-year extension, EVRY will provide Handelsbanken its complete suite of SaaS core banking and payment solutions, reaching both corporate and private banking customers. This includes internet banking for personal and corporate customers, loan management and back office solutions for Handelsbanken’s employees, and selected card services.

“EVRY’s solution will give us a modern and configurable banking platform with extensive product development capabilities. Modernising our core banking system in this way will enable us to develop more efficient processes and thereby to provide better customer service,” said Nina Arkilahti, CEO of Handelsbanken in Finland.

EVRY has partnered with the Handelsbanken Group in the past. Earlier this year, the company teamed up with Handelsbanken in Norway to launch a wrist-based contactless payments solution. Describing today’s deal, Wiljar Nesse, EVP of financial services at EVRY, named it an “important milestone” for EVRY as it advances the company’s presence in Finland.

EVRY demonstrated its PFM solution, Spendific, at FinovateEurope 2015. With more than 10,000 customers across the private and public sectors and 8,800 employees across nine countries, EVRY is headquartered in Fornebu just outside Oslo. The company is listed on the Oslo stock exchange under the ticker “EVRY AS” and has a market capitalization of $11 billion. Terje Mjøs is CEO.