During the 9 months of 2015, investment in information technology businesses company INVL Technology AB managed companies signed contracts and implemented projects in Lithuania, Latvia, Estonia, Tanzania, Zanzibar, Uganda, Burundi, Rwanda, Lesotho, Liberia, Mozambique, Mauritius, Cambodia, Bangladesh and Bhutan as well as expanded operations in the Baltic States and Uganda.

INVL Technology AB financial assets measured at fair value amounted EUR 12,136 thousand on the 30 September, 2015. Compared to the 31 December, 2014, the fair value decreased by EUR 2,766 thousand (compared to the fair value of the financial assets on the 31 December, 2014, acquired during reorganisation which ended on the 9 February 2015). During the first nine months of 2015 the company had a net loss of EUR 2,440 thousand, which was incurred mainly due to the aforementioned change in the fair value as well as the interest expenses. During the first nine months of 2015, the company received EUR 598 thousands dividends from the managed companies.

“In the 9 months of 2015, INVL Technology managed companies signed new strategic agreements in the Baltics, East and South Africa and South Asia. Currently, INVL Technology is focused on strategic development of managed companies and actively seeks new acquisitions. Therefore, we expect good results and growth in the value of the companies“, said the director of INVL Technology Kazimieras Tonkunas.

INVL Technology operates as a cluster of IT businesses working with large corporate and government entities with a focus in four key areas: business climate improvement and e-governance, IT infrastructure, cyber security and IT intensive industries’ solutions.