Itera’s headcount at the end of the second quarter of 2024 was 713 as compared to 741 at the end of the second quarter of 2023. This represents a decrease of 4% during the last 12 months, following a rightsizing of the organization under the current market conditions.
— Although the market remains somewhat soft in certain sectors, we are starting to see signs of improvement and are optimistic about creating opportunities for our people, customers and company, says Arne Mjøs.
During the past few quarters, Itera has developed its own AI platform, ‘Sapience,’ which provides every employee with generative AI (GenAI) in a safe, secure and efficient manner. Itera’s Sapience platform illustrates how customers can begin using AI at scale with affordable pricing and without any vendor lock-in.
– This has sparked numerous customer dialogues and opportunities. GenAI acts as a catalyst for customers to more aggressively pursue cost reduction, build their digital cores, and truly transform their ways of working - creating significant opportunities for us, says Arne Mjøs.
As one of ten companies worldwide, Itera was awarded the "International Flagship Project Award" by the Ukrainian government for its instrumental role in supporting Ukraine in urgent areas of need to rebuild the country. As an example, Itera is assisting a company like Moelven, a leading Scandinavian wood construction group, to design a framework to support the rebuilding of homes in Ukraine, which will particularly aide the 6.5 million internally displaced people.
— I am so proud of our brave Ukrainian people and all the efforts the company is doing for Ukraine from all locations, says Mjøs.
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