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NRD Cyber Security – a cybersecurity company
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Novian – a leading Baltic IT company
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NRD Companies – a global GovTech player
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News

  • Appointment of BDO Auditas ir Apskaita as auditor proposed
    2024-09-27
    Appointment of BDO Auditas ir Apskaita as auditor proposed

    It is proposed to appoint BDO Auditas ir Apskaita as the auditor of INVL Technology, INVL Baltic Real Estate and INVL Baltic Farmland for the years 2024-2026. The companies’ shareholders will vote on the matter at general shareholders’ meetings which will take place on 21 October. For 10 years, PricewaterhouseCoopers has been successfully auditing the…

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  • Convocation of the General Extraordinary Shareholders Meeting of INVL Technology and draft resolutions on agenda issue
    2024-09-27
    Convocation of the General Extraordinary Shareholders Meeting of INVL Technology and draft resolutions on agenda issue

    Special closed-ended type private equity investment company INVL Technology, legal entity code 300893533, the registered address Gyneju str. 14 Vilnius, Lithuania (hereinafter – the Company or INVL Technology), informs that on the initiative and decision of the management company INVL Asset Management, UAB (hereinafter – the Management Company), the General Extraordinary Shareholders Meeting (hereinafter – the Meeting) is to be held…

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  • Enlight Research sketches possible scenarios for sale of INVL Technology
    2024-09-19
    Enlight Research sketches possible scenarios for sale of INVL Technology

    Enlight Research updated its analysis of INVL Technology, a company that invests in IT businesses, following the publication of operating results for the first half of 2024. The report also sketches possible scenarios for the sale of INVL Technology. “INVL Technology’s shares have appreciated sharply on expectations that its calculated net asset value will be…

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  • Enlight Research sketches possible scenarios for sale of INVL Technology
    2024-09-19
    Enlight Research sketches possible scenarios for sale of INVL Technology

    Enlight Research updated its analysis of INVL Technology, a company that invests in IT businesses, following the publication of operating results for the first half of 2024. The report also sketches possible scenarios for the sale of INVL Technology. “INVL Technology’s shares have appreciated sharply on expectations that its calculated net asset value will be…

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About Us

  • INVL Technology operates as a closed-end fund (CEF) which invests in and develops European IT businesses. The company is headquartered in Vilnius and is listed on the Nasdaq Vilnius stock exchange.
  • INVL Technology owns 3 company groups: Novian (a leading Baltic IT company), NRD Companies (a global GovTech company), and NRD Cyber Security (a cybersecurity company).
  • On 14 July 2016, the Bank of Lithuania granted INVL Technology a permit to operate as a CEF for 10 years with a possible extension for 2 more years. The company is managed by INVL Asset Management.
INVL Technology operates as a closed-end fund (CEF) which invests in and develops European IT businesses. The company is headquartered in Vilnius and is listed on the Nasdaq Vilnius stock exchange.
INVL Technology owns 3 company groups: Novian (a leading Baltic IT company), NRD Companies (a global GovTech company), and NRD Cyber Security (a cybersecurity company).
On 14 July 2016, the Bank of Lithuania granted INVL Technology a permit to operate as a CEF for 10 years with a possible extension for 2 more years. The company is managed by INVL Asset Management.
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Compliance

1
INVL Technology operates under a closed-end investment company permit issued in 2016 by the Bank of Lithuania, which is responsible for its supervision.
2
INVL Technology's accounting is in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union and, as an investment entity, it is subject to IFRS 10.
3
Each year, certified independent valuation professionals assess the value of INVL Technology's asset holdings. In 2022, the valuation was performed by Deloitte Verslo Konsultacijos.
4
The company's operations are audited annually. The 2022 audit was carried out by PwC.
5
The company’s shares are listed on the Nasdaq Vilnius (INC1L).
6
The companies that INVL Technology owns have a formal policy for selecting appropriate business partners.
7
INVL Technology is managed by INVL Asset Management.
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Value Creation

INVL Technology focuses on creating value through organic growth.
Aggregated revenue of companies managed by INVL Technology (thousands of euros)
R&D is a key priority for INVL Technology. In 2019-2023 its companies invested EUR 2.6 million in the development of proprietary products, software and methodologies.
Investment in R&D (millions of euros)

Legal Structure

Timeline

INVL Technology operational strategy is divided into 3 principal stages: investment period (2016-2021), value creation period (2021-2024), exit period (2024-2026) with an optional extension till 2028.
2015
2015
  • INVL Technology and BAIP Group merge and continue operations as INVL Technology.
  • INVL Technology raises 10 million euros in a public offering of new shares.
  • Norway Registers Development (now NRD Companies) acquires a majority stake in Etronika.
Investment period
2016
Investment period
2016
  • INVL Technology obtains permit and starts operating as a closed-end fund (CEF).
  • INVL Technology acquires Algoritmų Sistemos (now Novian Systems).
  • INVL Technology acquires Andmevara.
2019
2019
  • INVL Technology completes the formation of Novian.
  • Novian acquires Zissor.
2020
2020
  • INVL Technology completes the formation of NRD Companies.
Investment period
2021
Investment period
2021
  • A Novian group company acquires Elsis PRO.
Exit period
2024
Exit period
2024
  • Start of exit.
2026*
2026*
  • Exit
    * 2-year extension is possible.

Contact Us

Send us an email using the form below.
Send us an email using the form below.

    *By pressing “Send” you agree to the collection and processing of your personal data (email address and message contents) for the purpose of providing a response to your request. Under the Company’s privacy policy, this information will be stored until the request is resolved and for no longer than 2 years from its submission. You can always withdraw your consent by [email protected].