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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

  • INVL Technology repurchased own shares
    2026-04-17
    INVL Technology repurchased own shares

    INVL Technology (hereinafter – “the Company”) finished the share buy-back. The Company will purchase 8,525 shares for the total amount of EUR 38,192 (excluding brokerage fees). The Company could purchase up to 120,000 shares. During the share buy-back 8,525 units of shares were tendered. Final share purchase price, which was determined on the basis of…

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  • The decision of the management company of INVL Technology on the purchase of own shares
    2026-04-09
    The decision of the management company of INVL Technology on the purchase of own shares

    The Management company INVL Asset Management, UAB of INVL Technology (hereinafter – “the Company”), taking into account that the Company has formed and not realised the reserve for the purchase of own shares which is equal to EUR 9.8 million and considering the resolution of the General Shareholders Meeting of the Company held on 30…

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  • Convocation of the General Ordinary Shareholders Meeting of INVL Technology and draft resolutions on agenda issue
    2026-04-09
    Convocation of the General Ordinary 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 UAB „INVL Asset Management“ (hereinafter – “the Management Company“) , the General Ordinary Shareholders Meeting (hereinafter –…

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  • Presentation of INVL Technology
    2026-04-07
    Presentation of INVL Technology

    INVL Technology announces a presentation that will be used for the meetings with investors. Additional information: INVL Technology, an investment company focused on IT businesses, generated EUR 13.3 million in audited net profit last year — a 1.6-fold increase compared to 2024. The company’s audited net asset value (NAV) stood at EUR 64.6 million as…

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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 2020-2024 its companies invested EUR 3.4 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 (2024-2028).
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
  • The term has been extended for a period of two years.
2028
2028
  • Exit

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].