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.
As digital transformation gains momentum, the Novian IT infrastructure and software services group aims to strengthen its positions internationally and increase value for clients by offering integrated services. For that purpose, Novian’s main companies, BAIP and Algoritmu Sistemos, have changed their names and as of 8 of December began operating as Novian Technologies and Novian Systems respectively. A new Novian group webpage is also launching:
www.novian.io.
The investment research firm Enlight Research has published a report on the third-quarter financial results of the listed private equity fund INVL Technology. The analysis notes that for a second quarter in a row INVL Technology’s revenue grew steadily and was up 22% from the same period a year earlier. According to Enlight Research, that is further proof that the technology sector can grow during a pandemic.
The revenue of a cybersecurity consulting and technology development company NRD Cyber Security amounted to 1 million 781 thousand euros in the first three quarters of this year and remained at a similar level compared to the same period last year.Based on unaudited data, the company's EBITDA at the end of the third quarter of this year was 274 thousand euros - 44% more than during the same period last year. During the three quarters of this year, NRD Cyber Security earned 128 thousand euros net profit - during the same period of 2019 the company had earned 100 thousand euros net profit.
NRD Companies, a group of companies specialising in global information technology and consulting, reports that its consolidated 9-month revenue of 2020, as compared with the same period last year, grew from EUR 4.735 thousand to EUR 5.465 thousand, with its net unaudited profit currently at EUR 298.6 thousand, compared with a net loss of EUR 160.2 thousand last year.
The companies in the Novian IT infrastructure and software group had aggregated revenue of EUR 17.4 million in the first three quarters of this year or 13.7% more than in the same period of 2019. The aggregated EBITDA of the group’s companies was EUR 1.5 million, which is 2.7 times more than in three quarters of 2019. The Novian group had a net profit for the period of EUR 0.8 million versus a net loss of EUR 0.3 million in the same period last year.
INVL Technology, a company that invests in IT businesses,had equity of EUR 29.870 million at the end of the third quarter this year, or EUR 2.4533 per share. Equity per share increased by 3.1% from the start of the year.
The IT infrastructure and software group Novian will be led by the new CEO Evaldas Rėkus. He has replaced Artūras Zdanavičius, who held the role on an interim basis. The Novian group includes seven companies which are owned by the company Novian and operate in three areas. Novian’s companies in the Baltic countries, Norway and Moldova have roughly 180 employees in total.
Investment research firm Enlight Research has conducted an analysis of INVL Technology’s performance in the second quarter of this year. The report on INVL Technology that invests in IT businesses, published on 8 September 2020, examines the financial indicators of the portfolio companies for the second quarter and for the longer term, and compares them to other market players.
The revenue of cybersecurity consulting and technology development company NRD Cyber Security in the first half of this year amounted to 962 000 euros and decreased by 29% compared to the same period last year. According to unaudited data, the company's EBITDA in the first half of this year was 39 thousand euros. Compared to the first half of 2019, it decreased six times. During the first half of this year, NRD Cyber Security suffered 57 000 euros net loss - during the same period of 2019, 176 000 euros net profit.
The businesses of the Novian IT infrastructure and software group had aggregated revenue of EUR 10.5 million in the first half of this year, EUR 45 000 more than in the corresponding period of 2019. According to unaudited figures, the aggregated EBITDA of the group’s businesses was EUR 0.8 million and increased 2.7 times compared to the first half of 2019. The Novian group recorded a net profit of EUR 0.3 million for the six-month period; in the same period last year it had a net loss of EUR 0.2 million.
NRD Companies, an international information technology and consulting group, has announced an increase in profit during the first half of 2020. Engaged in public sector management and digital economy infrastructure development, the group has earned EUR 3.85 million in operating income, up by almost 18 percent from the EUR 3.26 million earned in the same period in 2019. In addition, its net unaudited profit amounted to EUR 211 thousand, while in the same period last year the company recorded a loss of EUR 150 thousand. The EBITDA has increased to EUR 420 thousand compared to EUR 18 thousand during the same period last year.
INVL Technology, a company that invests in IT businesses, had equity of EUR 29.2 million at the end of the first half of this year, or EUR 2.40 per share. The latter figure increased by 0.9% from the end of 2019. The value of the company’s financial assets at the end of the reporting period was EUR 26.4 million and grew 1.8%from the start of the year. INVL Technology had a net profit of EUR 0.3 million in the first half of this year compared to a net loss of EUR 0.4 million in the same period last year.
The members of the Lithuanian Information and Communication Technology Association Infobalt elected a new board, which elected Mindaugas Glodas, Executive Director of Norway Registers Development (NRD) and the NRD Companies Group, as its Chairman and President of the Association.
INVL Technology, a company that invests in IT businesses, had equity of EUR 28.8 million at the end of the first quarter of this year, or EUR 2.37 per share. The latter figure decreased by 0.4% from the end of 2019. The value of the company’s financial assets at the end of the reporting period was EUR 25.9 million and was unchanged from the start of the year. INVL Technology’s net loss for the first quarter this year was EUR 0.1 million and decreased compared to the same period last year, when the net loss was EUR 0.3 million.
The equity of INVL Technology, a company that invests in IT businesses, was EUR 29 million at the end of 2019, or EUR 2.38 per share. The latter figure increased 3.3% during the year. The value of the company’s financial assets at the end of the reporting period was EUR 25.9 million and increased EUR 1.7 million during the year. Audited net profit for 2019, including revaluation of financial assets, was EUR 0.9 million, and compared with 2018 decreased 77.9%.
INVL Technology, a company that invests in IT businesses, has consolidated companies in the Novian group that provide software services. With the completion of an internal transaction, Algoritmu Sistemos has acquired the business analytics and process automation company Acena from BAIP.
The businesses owned by INVL Technology, a company that invests in IT businesses, from now on will operate in three areas. This structure, under formation since 2018, was fully implemented at the end of this year upon the creation of an IT services and software group. Besides that group, businesses which the company owns, also operate in the areas of business climate improvement and e-governance, and cybersecurity.
