Name: Closed-ended type investment company INVL Technology
Core business: Investment in ICT businesses
Date of registration: 29 April 2014
Date of registration (after reorganization): 9 February 2015
Auditor: PricewaterhouseCoopers UAB
Date of equity listing (Secondary List): 4 June 2014
Market: Nasdaq Vilnius
INVL Technology is a company, investing in information and communication technology businesses. The company was created in the beginning of 2015, after the merger of asset management and information technology businesses INVL Technology, AB and BAIP group, AB. The new company has taken over all rights and duties of INVL Technology, AB and combined the competencies, experience, intellectual capital, connections with science community and other value creation practices of both companies.
On 14th of July, 2016 INVL Technology received a closed-end investment company license, issued by the Bank of Lithuania. Under the company’s Articles of Association, a closed-end investment company (UTIB) INVL Technology will operate until 14 July 2026, with a possible extension for two more years. The management of the closed-end investment company has been assumed by INVL Asset Management, a part of 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 acts as a financial-strategic investor seeks to increase the value of the companies in its portfolio by bringing financial and intellectual capital for growth and add-on acquisitions, management support, and globalization via sales channels in East Africa and Southeast Asia.
Address: Gynėjų St. 14, LT-01109 Vilnius, Lithuania
Telephone: +370 5 279 0601
Fax: +370 5 279 0530
Internet webpage: www.invltechnology.com
Contact person: Kazimieras Tonkūnas (Managing Partner), +370 5 279 0601, firstname.lastname@example.org