News

NRD Cyber Security results for 2020 H1

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.

Novian group sets sites on future potential in big data and supercomputers

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 Group ends the first half-year with a profit increase

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’s businesses added six countries to their sales geography

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.

Mindaugas Glodas becomes President of Infobalt

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’s businesses started the year signing contracts for new projects

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.

INVL Technology earned a net profit in 2019 of EUR 0.9 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 consolidates software companies

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.
 

INVL Technology has fully implemented its three-direction business structure

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.

INVL Technology reorganises Novian group: structural changes respond to needs of clients in Baltic and Nordic countries

The IT services and software businesses owned by INVL Technology, a company that invests in IT businesses, will be combined into the Novian group. For that purpose, internal business acquisitions within the group are planned, with the legal reorganisation to be completed by the start of 2020. INVL Technology’s investment committee made the decision allowing the combination of businesses into the Novian group on 29 October.

INVL Technology businesses’ revenues boosted by supercomputing and national postal service transformation projects

The equity of INVL Technology, a company that invests in IT businesses, was EUR 27.496 million, or EUR 2.26 per share, at the end of the third quarter of this year and decreased 1.9% from the start of the year. The value of INVL Technology’s investments in the businesses it owns was EUR 24.6 million at the end of September, which is 1.5% more than at the start of the year.

NVIDIA DGX Station was officially brought to Lithuania, it is the first such high performance computer in the Baltic States

The NVIDIA DGX Station is the next generation high performance computer (HPC) designed and intended for research teams engaged in development of AI (Artificial Intelligence) products. This powerful device was brought to the country by BAIP, the only official NVIDIA partner in the Baltic States, legally authorized to sell, install and maintain NVIDIA hardware and software in the region. 

INVL Technology will continue to strengthen the groups of businesses it owns

The equity of INVL Technology, a company that invests in IT businesses, was EUR 27.655 million at the end of the first half of this year, or EUR 2.27 per share, and decreased 1.3% from the start of the year. The value of INVL Technology’s investments in the businesses it owns was EUR 24.69 million at the end of June, up 1.9% from the start of the year.

Company owned by INVL Technology acquires Norway’s Zissor

INVL Technology, a company that invests in IT businesses, for 5.918 million Norwegian kroner (EUR 0.62 million) has acquired the Norwegian company Zissor, which provides media monitoring and digitization software development and services. The transaction was completed on 10 April this year through the company Novian, which is owned by INVL Technology. Following the transaction, Novian holds 100 percent of the shares in Zissor.

INVL Technology‘s equity grew 17.7 percent during 2018 to EUR 28 million

INVL Technology, a company that invests in IT businesses, published its audited results for 2018. They show the company’s equity at the end of 2018 was EUR 28 million, or EUR 2.3 per share, and increased 17.7 percent during the year. At the end of 2017, INVL Technology had equity of EUR 23.8 million, or EUR 1.96 per share.

INVL Technology earns 2018 net profit of EUR 4.3 million

INVL Technology, a company that invests in IT businesses, according to preliminary unaudited data, had equity of EUR 28.1 million at the end of 2018, or EUR 2.31 per share. Equity per share increased by almost 18 per cent during the year.