September 21, 2021

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Novian advances with ambitious technology projects

Novian advances with ambitious technology projects

The Novian IT infrastructure and software package services team experienced aggregated income of EUR 9.9 million in the 1st half of this year, a decrease of 6.3% compared to the identical period past year. The group’s aggregated EBITDA was EUR .6 million and fell 21%. The Novian group’s running revenue for the six-thirty day period period of time was EUR .32 million and lowered 23.5% in contrast to the 1st half of 2020, when it was EUR .41 million.

 “This yr Novian is distinguishing itself with formidable assignments in the systems and software products and services business enterprise areas ranging from the installation and upkeep of hyperconverged IT infrastructure platforms at Lithuanian Railways’ main technologies unit to the development of a fashionable details program for community procurement. We welcome these multifaceted issues that make us expand faster also, given that implementing sophisticated initiatives with modern day and successful remedies is portion of what Novian is all about,” says Evaldas Rėkus, the CEO of Novian.

He notes that the benefits for the initial 50 percent of the calendar year were impacted by uneven marketplace need and fluctuations in the price of the US dollar, and that at this time the group’s firms have returned to their typical rhythm. “Financial general performance was also influenced by do the job to enhance the share of extended-phrase managed providers agreements, which give shoppers security and clarity about IT support charges for a number of yrs in progress. When at this stage for us that signifies even larger investments to promote individuals solutions and a shifting of some earnings to long run periods, having contracts for numerous a long time will make sure secure revenue of that form,” Evaldas Rėkus says. The company sector’s share of profits has grown from 33% in 2019 to 44% in the to start with 50 percent of this yr and the financial sector’s has risen from 17% to 23%, whilst the share of profits from the community sector has shrunk from 44% to 28%.

 “At the start of the yr we continued to refine the group’s operating parts with a concentrate on built-in expert services and gave a good deal of notice to the joint functions of the merged providers Novian Units and Acena,” the CEO says. Thinking of the market’s needs for digitalization, he suggests, the Novian group offers suitable computer software, company analytics and process automation solutions as well as essential IT infrastructure managed expert services, and is applying digitalization initiatives of numerous scale.

Novian is exclusive in the area in its ability to conduct massive-scale digitization jobs and adapt digitized product for more use. At present Novian Systems, collectively with the other Novian group organizations Andmevara Services OU and Zissor, is applying projects to digitize paperwork and upload them to appropriate methods in Lithuania, Estonia and Moldova. The geography of the group’s activities in the initially 50 % of the yr integrated about 30 nations around the world. As in the 1st half of very last year, the share of revenue earned aboard was 32%.

Novian Systems finished essential jobs in Lithuania and Kyrgyzstan

Novian Technologies, the principal Novian corporation doing the job in the systems area, had income of EUR 7.2 million in the 1st 50 percent of 2021, or 8.5% a lot less than in the identical period last 12 months. The company’s operating earnings was unchanged at EUR .48 million. Also functioning in the group’s technologies region are Andmevara Services OU of Estonia and Andmevara SRL of Moldova.

“The initial fifty percent of this yr is notable for the quantity of significant jobs done and new ones commenced. Just one of the most interesting is at Lithuanian Railways, the place we will update and retain really important hyperconverged IT infrastructure. We also see a growing have to have on the market place for digitization companies and several businesses that are eager to prolong the lifetime of pc components. We are developing important worldwide partnerships. And we have resumed travel and function for customers in Africa and other international international locations – business enterprise procedures are little by little returning to their previously, pre-pandemic course,” Novian Systems CEO Gytis Umantas claims.

Truly worth noting amongst this year’s most important jobs are the accomplished set up of a significant-effectiveness computing cluster at Vilnius University’s School of Mathematics and Informatics, the completed initially stage of a GovCloud set up undertaking, and modernization of the Kyrgyz postal process. Alongside one another with Andmevara Products and services OU and Zissor, digitization of paperwork is underway at Vilniaus Vandenys and Vilniaus Šilumos Tinklai. Function to digitize tens of thousands and thousands of internet pages for the National Archives of Estonia and the Cadastral Archive of Moldova is also ongoing.

Novian’s systems spot organizations have acquired the major portion of their profits this calendar year from the company sector, at 50%, which is up from 36% in 2019. The share of their revenue from the financial sector has risen to 25% from 20%, whilst the community sector’s share of earnings has fallen to 21% from 39%.

Lithuania accounted for 69% of income in this company place, although in the 1st 50 % of 2020 the stage was 70%. Initiatives have been carried out in 32 countries this 12 months. The technologies firms are concentrating greatly on essential IT infrastructure, cloud computing, modern-day electronic workspaces, and other technological alternatives.

Novian Devices to modernize the central general public procurement information and facts process

Novian Devices, Novian’s main organization in the program expert services place, experienced income of EUR 1.5 million in the initially 50 percent of this yr, or 3.6% less than in the same interval previous calendar year. Its working loss for the time period, at EUR 70,000, was up from EUR 19,000 in the first 50 % of 2020 (pursuing the merger of Novian Methods and Acena at the conclude of 2020, working effects replicate their aggregated figures.). Andmevara AS of Estonia also operates in the Novian group’s application solutions spot.

“We are delighted to be contributing to assignments of these worth to Lithuania as the generation of the present day public procurement facts technique Saulė, for which we will use the most recent methods. We are also seeing greater desire for fast developed answers based mostly on chopping-edge systems,” says Paulius Vaitkevičius, the Head of Business enterprise Development at Novian Units. He notes that the group’s businesses in this location also offer you data analytics, robotics, and synthetic intelligence answers.

The Novian corporations operating in the programming area have performed assignments in 8 nations this calendar year. Of their profits, 76% was gained in Lithuania, up from 72% in the very first half of final calendar year. When the public sector was the resource of most revenue once more this year, since 2019 its income share has fallen from 64% to 56%. The corporate sector’s share of revenue is little changed at 24%, though the money sector’s share has developed from 4% to 16% and the tutorial sector’s share has reduced from 6% to 2%.

Tasks of unique take note in the reporting period include progress of the ESKIS Taxpayer Electronic Schooling, Consulting and Information and facts Assistance as properly as the implementation of automation alternatives for a municipal waste collection program at Visagino Būstas and for dealing with milk collection waybills at the Pienas LT agricultural cooperative.

Zissor ongoing the digitization of publications

The Norwegian organization Zissor, a company of media monitoring application and digitization services, experienced income of EUR 484,000 in the first 50 % of the year (65.2% extra than in the initially 50 % of 2020), even though its working gain was EUR 102,000, or 7.8 times the sum in the exact interval previous yr. The organization earned the largest element of its income, 44%, in the Uk, with 18% in Sweden and 13% in Norway, and also performed assignments in Germany and elsewhere.

Noteworthy among Zissor’s initiatives is the digitization of the archives of the Norwegian newspaper Vesterålen, in which Zissor digitized the newspaper’s complete archive of 200,000 web pages for the yrs 1921-2010. Also, in collaboration with Visiolink, operate is underway to digitize German newspapers – the venture includes changing PDF internet pages to article content and photographs and creating XML codes. Zissor is also digitizing the Danish newspaper Ingeniøren.

The Novian group’s businesses run in the Baltic nations, Norway and Moldova. The Novian group of businesses is owned by INVL Know-how, a organization that invests in IT firms.

The human being licensed to present supplemental information and facts:
Kazimieras Tonkūnas
INVL Engineering Managing Lover
E-mail  [email protected]