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.

Currently, INVL Technology companies are currently active in three areas. Norway's NRD Companies AS are operating in the area of business climate improvement and e-governance, including its subsidiaries: Norway Registers Development AS with a branch in Lithuania, Lithuania's NRD Systems UAB, Etronika UAB, Rwanda's Norway Registers Development Rwanda Ltd and the associated company in Uganda, Infobank Uganda Ltd.

Novian Group operates in the area of IT infrastructure and software services: Novian UAB in Lithuania with the technologies businesses Novian Technologies UAB, Andmevara Services OÜ in Estonia and Andmevara SRL in Moldova, and the software services businesses Novian Systems UAB, Elsis PRO in Lithuania and Andmevara AS in Estonia, as well as the digitisation and media monitoring software provider Zissor AS in Norway. NRD Cyber Security UAB is active in the field of cyber security and its subsidiary NRD Bangladesh Ltd.

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.