The Novian IT infrastructure and software program companies group had aggregated income of EUR 24.1 million in 2020, or 2.6% greater than in 2019. The group’s aggregated EBITDA was EUR 1.8 million and in comparison with 2019 grew 14.9%. The Novian group’s web revenue for the yr, excluding nonrecurring and atypical losses within the worth of investments, was EUR 0.6 million and elevated 54.5% in comparison with 2019.
Calculation of the outcomes of the Novian group relies on the audited 2020 outcomes of Novian Applied sciences, Novian Programs and Zissor.
“Final yr was a difficult time for organizations. As a result of restrictions of the pandemic, digitalization turned much more related – from distant work to the ‘sensible’ information, synthetic intelligence and automation potentialities that enabled additional enterprise continuity and resilience. In that context, we’re striving to create worth for firms and organizations by additionally offering built-in IT companies that vary from the creation of a digital transformation technique to its implementation according to a corporation’s particular wants,” stated Evaldas Rėkus, the CEO of Novian.
The geography of operations of the group’s firms was basically unchanged final yr: Novian carried out initiatives in 31 nations. Of its income, EUR 17.2 million or 71% was earned in Lithuania, up EUR 2.9 million from 2019. Throughout 2020, 8% of the group’s income got here from initiatives in Estonia, 4% within the UK, and three% every in Norway, Ruanda and Burundi.
Contemplating sectors, 29% of income in 2020 was obtained within the public sector, 34% within the company sector, 22% within the monetary sector and 12% within the educational sector. During the last three years, the monetary and company sectors’ share of the Novian group’s income grew from 41% to 56%, whereas the general public sector’s share shrank from 53% to 29% and that of the educational sector grew from 3% to 12%. In keeping with the group’s CEO, as IT preparations increase, the Novian firms’ talent in combining older digital applied sciences with new ones is changing into extraordinarily vital.
Mr Rėkus says the adjustments within the income construction had been on account of Novian firms’ rising consideration to enterprise wants and specialization as digital transformation progresses – particularly within the monetary, retail and public companies sectors, the place potentialities for making use of massive information and synthetic intelligence are related. Lately, Novian has given numerous consideration to initiatives involving high-performance computing units and digitization.
“We have now distinctive potential within the area to deal with complicated, large-scale digitization initiatives which adapt the digitised materials for additional use. That’s made potential by each the software program we’ve developed and the expertise we’ve accrued, for instance, within the very large-scale doc digitisation initiatives that Andmevara Providers and Andmevara SRL have carried out at Estonia’s nationwide archive, Moldova’s cadastre and different archives. The Norwegian journal materials digitized by Zissor and Andmevara Providers in 2020 is straight away transferred on-line and the metadata created allow its use in additional actions.
We see massive promise on this space – quick and high-quality digitization of huge portions of information is related to the educational, public, publishing and archive sectors,” he added.
Modern Novian Applied sciences initiatives
In keeping with audited figures, the primary Novian firm within the know-how space, Novian Applied sciences (identified till the tip of 2020 as BAIP), had income of EUR 18.2 million in 2020, or 6.7% greater than in 2019. Its web revenue for the interval was EUR 0.8 million and elevated 67.5% from the prior yr. Additionally working within the know-how space are Andmevara Providers OU of Estonia and Andmevara SRL of Moldova.
On this enterprise space, firms earned probably the most income in 2020 within the company sector, at 37% (versus 36% in 2019), with 25% earned in finance (20% in 2019), 21% within the public sector (39% in 2019) and 14% within the educational sector (3% in 2019). Novian’s technology-area firms carried out initiatives in 30 nations in 2020.
Notable initiatives on this space in 2020 included the modernization of a cluster of high-performance computing units that may give Vilnius College a global aggressive benefit and the deployment of high-performance computing units in additional than 10 nations of Africa the place on account of pure disasters hundreds of individuals die yearly and losses run into the tens of millions. Utilizing them to mannequin the results of local weather change is essential.
“Additionally noteworthy had been initiatives to create the IT infrastructure for Lithuania’s GovCloud and to increase financial institution self-service methods or info-terminal companies within the Baltic area. We carried out many different initiatives that created actual worth and assist as nicely,” stated Gytis Umantas, the top of the applied sciences space and CEO of Novian Applied sciences.
He famous it was additionally vital that when logistics and repair export situation modified as a result of international pandemic, Novian Applied sciences managed to rapidly refocus and efficiently meet its commitments to purchasers. “Our logistics expertise grew to skilled degree, and our mannequin for utilizing native companions to supply companies in distant nations took root very nicely and continues to be efficiently used,” the CEO stated.
Novian Applied sciences’ specialists additionally developed a proprietary methodology, referred to as MigrITIS, for migrating IT methods, primarily based on which all initiatives emigrate Oracle and different IT methods at the moment are carried out.
Novian Programs expanded its vary of software program companies
Novian’s important software program companies firm, Novian Programs (identified till the tip of 2020 as Algoritmu Sistemos), had audited income of EUR 2.8 million in 2020, or 2.4% greater than in 2019. Its web revenue for the interval was EUR 0.3 million and elevated 57.4% from the prior yr (web revenue is assessed excluding nonrecurring and atypical losses within the worth of investments in subsidiaries and doesn’t embrace the income and web results of the merged firm Acena).
In 2020, there was a heavy give attention to rationalizing operations within the software program companies space. Novian Programs built-in the Estonian firm Andmevara AS, which it acquired from INVL Expertise in 2019, and at year-end annexed Acena, a supplier of enterprise analytics and course of automation options, thus providing a wider vary of software program companies. At the moment working on this space are Novian Programs and Estonia-based Andmevara AS.
Within the final two years, the businesses working within the programming space (together with Acena) have carried out initiatives in 8 nations, concentrating most of their actions in Lithuania. Final yr they earned 80% of their income in Lithuania and 18% in Estonia. The general public sector accounted for 60% of their income final yr (versus 64% in 2019), whereas roughly 1 / 4 was from the company sector (22% in 2019).
“The vary of software program companies that’s related for firms and organizations has expanded not too long ago, so we’re prepared to supply each enterprise optimization and larger-scale information analytics, robotics, and synthetic intelligence options whereas additionally persevering with to give attention to creating data methods for the wants of particular areas,” stated Elena Vengrienė, the top of the software program companies space and the CEO of Novian Programs.
Probably the most noteworthy of the initiatives carried out embrace the event and deployment of an clever management course of administration subsystem for Lithuania’s State Tax Inspectorate and a venture for companies managed by Lithuanian speech which is boosting the accessibility of e-products and companies within the Lithuanian language.
As well as, because of Novian Programs’ use of IT applied sciences like microservices, cloud computing and information analytics, its modernization of the census information subsystem of Lithuania’s built-in statistical data system and software program it developed, Lithuania’s 2021 inhabitants and housing census is being carried out through the use of the information of 19 important authorities registers and data methods. For that effort, as an alternative of the 6,000 census staff beforehand wanted, this yr 5 specialists are adequate.
Zissor digitized periodicals along with Andmevara Providers
The Norwegian firm Zissor, a supplier of media monitoring software program and digitization companies, final yr had audited income of EUR 711,000 (0.4% greater than in 2019), whereas its web revenue was EUR 68,000 or twice as a lot as in 2019. The corporate earned most of its income, 58%, within the UK, and one-fifth in Sweden, additionally finishing up initiatives in Norway, Germany, Greece and different nations.
Noteworthy amongst Zissor’s initiatives are the digitization of the Norwegian magazines “Motor” and “Sykepleien”. They had been digitized robotically utilizing the Zissor Content material System, whereas scanning was carried out by Andmevara Providers. The US firm Magnolia Clipping & Broadcast Monitoring additionally started utilizing Zissor’s media monitoring software program, and different initiatives had been applied.
The Novian group’s firms within the Baltic nations, Norway and Moldova make use of about 170 professionals. The Novian group of companies is owned by INVL Expertise, an organization that invests in IT companies.
The individual approved to supply further data:
INVL Expertise Managing Accomplice
E-mail [email protected]