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Novian enlarged its technological and company space

The Novian computer software products and services and IT infrastructure team experienced aggregated income of EUR 25.8 million in 2021, or 7.1% much more than in 2020. The group’s EBITDA was EUR 1.7 million and as opposed to 2020 contracted 3.5%, whilst its functioning income was EUR .81 million and lowered 18.3%.

“Last yr was a 12 months of progress for the Novian group in phrases of the two geography and skills, many thanks not only to the complicated jobs carried out but also to the acquisition of the Elsis Pro computer software products and services company. We gave a ton of focus to pursuits in Estonia and Norway, and a modern-day digitization centre which is set to start in the in close proximity to long run will further consolidate the group’s positions in Estonia,” Novian CEO Evaldas Rėkus claimed.

He explained developments of the last couple of yrs – the pandemic and the war in Ukraine have also driven modifications in the IT marketplace – incorporate increasing facts empowerment and fast digitalization and system automation, when armed forces functions have bolstered the require to make certain IT continuity.

“Amid these adjustments, we have kept our sights on our individual goals much too. We’ve strengthened our presence in the corporate sector, centered on long-expression contracts and carried out technologically sophisticated projects,” the CEO said. The monetary results, he famous, have been influenced by heightened demand for IT professionals and wage-linked costs.

Analyzing the 2021 final results, Novian firms ongoing to get about 70% of revenue from the Lithuanian marketplace, whilst Elsis Professional jobs in European Union countries broadened the earnings geography. Completely the group’s businesses done projects in 34 nations around the world, in contrast to 31 international locations in 2020.

The Novian group’s revenue share from the corporate sector greater sharply in 2021, accounting for almost half of overall revenue (in 2020 it was 34%), even though the public sector accounted for a third of profits and the financial sector just beneath 20%.

Novian Technologies is fortifying digitization solutions

The Novian businesses in the know-how place had EUR 17.5 million of cash flow, or 7.3% much less than the preceding year. The companies’ operating earnings fell 8.3% to EUR 1 million. The team companies working in the technologies spot are Novian Technologies in Lithuania, Andmevara Solutions in Estonia and Andmevara SRL in Moldova.

“We are doing the job with focus not just in Lithuania but also in priority markets. In Norway in latest years we have released IT infrastructure solutions and a present day digitization centre will get started running in Estonia in the close to long term,” said Gytis Umantas, who heads the two Novian Technologies and Andmevara Providers.

By way of the task of digitization centre Novian will even further strengthen its opportunity to carry out elaborate, significant-scale digitization assignments, adapting digitized materials for even more use. “It’s designed feasible by program we have made along with the group’s practical experience with immense document digitization tasks at the Nationwide Archives of Estonia, Moldova’s cadastre and other archives,” Gytis Umantas explained.

For Novian’s know-how corporations, 2021 brought significant tasks. Superior-efficiency computing (HPC) undertaking was concluded at Vilnius College, as well as a project at Kyrgyz Article. A job for crucial IT infrastructure architecture structure, machines provide, installation and servicing was executed at Lithuanian Railways, and a task at the Bank of Lithuania associated the deployment, routine maintenance and growth of an OpenShift platform.

Novian’s technological innovation organizations in 2021 acquired their largest share of income in the corporate sector, at 48%. A different 26% of earnings was from the general public sector and 23% was from the monetary sector. In comparison to 2020, the corporate sector income share grew the most it was up from 37%. In 2021, Novian’s technological know-how firms acquired 77% of revenue in Lithuania and an additional 5% every single in Estonia and Rwanda. They performed initiatives in 33 nations around the world.

Computer software services providers enlarged their skills

The Novian software services corporations Novian Methods, Elsis Professional and Andmevara had EUR 7.4 million of revenue in 2021, even though in 2020 revenue in this organization area was EUR 4.5 million. These companies’ operating earnings in 2021 was EUR .09 million, which is virtually 4 situations much more than in 2020.

“Adding Elsis Pro to Novian’s program products and services companies enlarged the group’s expertise in aviation, room, transportation and power – technologically speaking, in the space of artificial intelligence, and geographically, in the European Union. This set of services strengthens Novian’s software package advancement capabilities, allows us to grow not just by developing utilized information and facts methods and offering rapid method automation alternatives, but also by combining modern-day technological options,” stated Evaldas Rėkus, who is the CEO of Novian Programs and a member of the board of Elsis Pro.

Highlights among the the initiatives that Novian’s program products and services organizations performed in 2021 include upgrade of the ITIS_EU facts process for exchange of VAT details amid European Union (EU) countries, deployment of updates for a top quality manage at Stansefabrikken, growth of Microsoft Ability BI reports for the Baltic brand name enhancement company Vilandra, modernization of the EU Structural Resources Administration and Monitoring Info Program (SFMIS), and progress of the Built-in Airspace Transportation (Flight) Evaluation and Management Method (IOETAVS).

The Novian providers doing the job in application products and services obtained 60% of their profits in Lithuania in 2021, 22% in Austria, and 7% in Estonia. The most significant share of profits, 47%, was from the community sector, with 43% from the company sector and 8% from the money sector. In 2020, by comparison, the company sector accounted for just 24% of whole earnings, though the community sector accounted for 60%.

Zissor digitized Nordic publications

The Norwegian enterprise Zissor, a supplier of media monitoring software program and digitization services, experienced profits of EUR 886 000 in 2021, 24.6% more than in 2020. Zissor’s running profit was EUR 103 000 and was 17% additional than as in 2020.

As in 2020, the enterprise earned its most significant share of income in the United kingdom, at 35% (when compared to 58% in 2020). In the meantime, 21% of revenue was attained in Sweden (versus 20% in 2020), 11% every single in Finland and Norway, and 8% in Lithuania.

Notable amongst Zissor’s jobs in 2021 were the digitization of the archive of the Norwegian newspaper Bladet Vesterålen, digitalization of the Danish newspaper Ingeniøren, and PDF-to-XML conversion of the Norwegian journal Agenda 3:16. Digitization of the Hordaland Folkeblad newspaper and the Norwegian newspaper Lister was also carried out.

The Novian group operates in 3 organization spots. Doing work in the systems region are Novian Technologies in Lithuania as nicely as Andmevara Expert services OU of Estonia and Andmevara SRL of Moldova. Operating in the computer software solutions region are Novian Techniques and Elsis Professional in Lithuania and Andmevara AS in Estonia. Working in the media monitoring and digitization area is the Norwegian company Zissor.

Novian’s team results are calculated on the foundation of audited results for 2021 for Novian Systems, Novian Techniques, Elsis Pro and Zissor, and unaudited final results for the group’s other organizations. The outcomes of Elsis Pro for the total yr 2021 are provided in the money statements. The Novian team of corporations is owned by INVL Technologies, a firm that invests in IT corporations.

The particular person approved to give supplemental information:
INVL Technological innovation Managing Partner
Kazimieras Tonkūnas
E-mail  [email protected]