The equity and net asset value of INVL Technology, a company that invests in IT businesses, were EUR 37.432 million, or EUR 3.1017 per share, at the end of June this year. The figures rose 3.6% from the start of the year.

Effective 7 June, the Estonian IT company Andmevara Services OÜ has changed its name to Novian Eesti OÜ. Acting under the name of the Novian international software development and IT infrastructure services group, the company continues to provide IT infrastructure and digitization services and also represents the group’s other IT services and solutions. At the same time, a website presenting the group’s services has launched at novian.ee.
 

The Novian software services and IT infrastructure group had aggregated revenue of EUR 25.8 million in 2021, or 7.1% more than in 2020. The group’s EBITDA was EUR 1.7 million and compared to 2020 contracted 3.5%, while its operating profit was EUR 0.81 million and decreased 18.3%.

The investment research firm Enlight Research has published an analysis of the financial results of the listed private equity fund INVL Technology for the 4th quarter of 2021. The report notes that NRD Companies and the Novian business area had a challenging 2021, while the Cybersecurity business area posted a record year.

INVL Technology, a company that invests in IT businesses, on 27 October this year announced a buyback of its own shares which took place through 10 November via the Nasdaq Vilnius exchange. The purchase price offered by the company was EUR 2.74 per share.

INVL Technology, a company investing in information technology businesses, increased its equity by 4.6% (EUR 0.13 per share) in the first three quarters of the year to EUR 35.26 million, or EUR 2.90 per share.

The investment research firm Enlight Research has published an analysis of the financial results of the listed private equity fund INVL Technology for the second quarter of this year. The report notes that,despite a weaker than expected result for the NRD group as a whole, the cyber security firm NRD Cyber Security (NRD CS) exceeded estimates as its sales grew by 115% to EUR 1.3 million, nearly double Enlight’s forecast of EUR 0.7 million.

The equity of INVL Technology, a company that invests in IT businesses, grew 4% (EUR 0.10 per share) in the first half of this year to EUR 35.04 million, or EUR 2.88 per share.

INVL Technology, a company that invests in IT businesses, had equity of EUR 34 million at the end of 2020, or EUR 2.77 per share. Equity per share increased 16.46% during the year. The value of INVL Technology’s financial assets at the end of the reporting period was EUR 32.65million and increased EUR 6.74 million in the year. The company’s 2020 net profit, after revaluation of assets and provisions, was EUR 4.8 million, while its earnings per share was EUR 0.39.

Invalda INVL, one of the Baltic region’s leading asset management groups, during 2021 will conduct transactions in shares of INVL Technology, a company that invests in IT businesses, and the real estate investment company INVL Baltic Real Estate.

The Novian IT infrastructure and software services group has strengthened its information systems development company Novian Systems. Having merged Acena, a provider of business analytics and process automation solutions, into itself, Novian Systems offers a broader range of software services. Within the group, software services are also provided by the Estonian company Andmevara AS.

The managers of NRD Cyber Security, a cybersecurity company owned by the IT business investment company INVL Technology, will be given the incentive of options to acquire shares of the company. The Investment Committee of INVL Technology agreed that the managers of NRD Cyber Security will be able to acquire up to 10% of the company’s shares and thus participate in the increase of the company’s value.