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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

  • Notification about disposal of voting rights
    2026-10-30
    Notification about disposal of voting rights

    „INVL Technology“ (hereinafter – “the Issuer“) publishes the notification received from AB Invalda INVL on the disposal of voting rights (attached). The notification is submitted because the proportion of voting rights attached to the Issuer’s shares held by AB Invalda INVL fell below the 15% threshold (as a result of a transaction executed during the…

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  • Notification on transactions in the Issuer’s securities
    2026-10-30
    Notification on transactions in the Issuer’s securities

    The company has received notifications about the transactions with „INVL Technology“ shares. Attachments: Notification_INC1L share buy-back_Lucrum Investicija Notification_INC1L share buy-back_Invalda INVL Notification_INVL_Technology_Kazimieras_Tonkunas_2026-10-28 Notification_INVL_Technology_Vida_Tonkune_2026-10-28.pdf

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  • INVL Technology announces its net asset value as of 30 September 2026 and corrects its net asset value as of 30 June 2026
    2026-10-30
    INVL Technology announces its net asset value as of 30 September 2026 and corrects its net asset value as of 30 June 2026

    In accordance with Chapter XI “Calculation of Net Asset Value” of the Articles of Association of INVL Technology (hereinafter – the Company), the Company announces its unaudited interim net asset value, which as of 30 September 2026 amounted to EUR 66,231,384, or EUR 5.5292 per share. UAB INVL Asset Management, the management company of the…

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  • INVL Technology Interim information for 9 months of 2026
    2026-10-30
    INVL Technology Interim information for 9 months of 2026

    Equity of INVL Technology and the Company’s net asset value as of 30 September 2026 was EUR 66.2 million or EUR 5.5292 per share (31 December 2025 these figures were EUR 64.62 million and EUR 5.4013 respectively). Investments of the Company into managed companies amounted to EUR 70.79 million at the end of September 2026…

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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 2021-2025 its companies invested EUR 4.9 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.

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