Description:

INVL Technology is a closed-end investment company which invests in IT businesses. It is listed on the Nasdaq Vilnius exchange (INC1L).

On 14 July 2016, the Bank of Lithuania issued a closed-end investment company (UTIB) licence to INVL Technology. UTIB INVL Technology will operate until 14 July 2026, with extension possible for two more years.

When the company obtained the status of a UTIB, its management was assumed by INVL Asset Management – part of the asset management group Invalda INVL.

INVL Technology operates as a cluster of B2B- and B2G-oriented IT businesses with a focus in four key areas: business climate improvement and e-governance, IT infrastructure, cyber security and IT intensive industries’ solutions.

Currently, INVL Technology has investments in the Norwegian company Norway Registers Development AS with subsidiaries NRD UAB and Etronika UAB in Lithuania, Norway Registers Development East Africa Ltd. in Tanzania, Norway Registers Development Rwanda Ltd. in Rwanda and Infobank Uganda Ltd. in Uganda. It has also invested in BAIP UAB with its subsidiary Acena UAB, NRD CS UAB and Algoritmu Sistemos UAB, all in Lithuania, and Estonia’s Andmevara AS with its subsidiary Andmevara SRL in Moldavia.

INVL Technology invests in and develops IT businesses based in European countries with the potential to become global players. In seeking to transform them into global businesses, the company takes advantage of the access to markets and the intellectual capital of the other businesses it owns.

INVL Technology’s goal is, after boosting the value of the businesses it owns, to sell them profitably and thus generate a significant return for investors.