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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

  • News from INVL Technology managed companies: NRD Companies’ strategic focus yields stable 2024 H1 EBITDA performance
    2024-09-12
    News from INVL Technology managed companies: NRD Companies’ strategic focus yields stable 2024 H1 EBITDA performance

    September 12th, 2024 – NRD Companies a global IT and consulting group of companies specializing in governance, economic digital infrastructure development, and subject matter consultancy services,  has announced its 2024 H1 results, highlighting stable EBITDA and key achievements across public and private sector clients, with a focus on Registry, Tax, and other E-Services authorities in Africa,…

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  • News from INVL Technology managed companies: Novian had revenue of EUR 16.4 million in the first half of 2024
    2024-09-11
    News from INVL Technology managed companies: Novian had revenue of EUR 16.4 million in the first half of 2024

    The Novian software and IT infrastructure services group had aggregated revenue of EUR 16.4 million in the first half of 2024. That is 11.1% less than in the same period last year. The group’s EBITDA was EUR 1.1 million; in the year-earlier period it was EUR 0.2 million. The operating profit for this year’s first…

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  • Notification about disposal of votes and acquisition of votes
    2024-09-05
    Notification about disposal of votes and acquisition of votes

    The company presents the received notifications regarding the loss of votes and the acquisition of directly held votes (a purchase-sale transaction within the „Invalda INVL“ group). The person authorized to provide additional information: Kazimieras Tonkūnas INVL Technology Managing Partner e-mail [email protected]   Attachments: INC1L_acquisition of voting rights by Invalda INVL_2024 09 04 INC1L_disposal of voting rights…

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  • Notification on transactions in the Issuer’s securities
    2024-09-05
    Notification on transactions in the Issuer’s securities

    We present the received notification regarding the transaction with „INVL Technology“ shares (a purchase-sale transaction within the „Invalda INVL“ group). The person authorized to provide additional information: Kazimieras Tonkūnas INVL Technology Managing Partner e-mail [email protected]   Attachements: INVL Technology_notification_Invalda INVL_2024 09 04

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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].