May 29, 2024

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Things Go Better with Technology

Novian developments with formidable engineering jobs

6 min read

The Novian IT infrastructure and software program providers team had aggregated profits of EUR 9.9 million in the very first 50 percent of this year, a decrease of 6.3% in comparison to the exact same period of time very last 12 months. The group’s aggregated EBITDA was EUR .6 million and fell 21%. The Novian group’s working revenue for the 6-thirty day period period of time was EUR .32 million and lessened 23.5% as opposed to the to start with 50 % of 2020, when it was EUR .41 million.

“This 12 months Novian is distinguishing itself with ambitious assignments in the systems and software package solutions small business areas ranging from the set up and maintenance of hyperconverged IT infrastructure platforms at Lithuanian Railways’ major technological know-how device to the development of a modern-day details technique for general public procurement. We welcome this sort of multifaceted difficulties that make us expand quicker too, because implementing sophisticated projects with modern day and productive alternatives is element of what Novian is all about,” claims Evaldas Rėkus, the CEO of Novian.

He notes that the benefits for the initial half of the 12 months had been impacted by uneven current market demand and fluctuations in the value of the US greenback, and that presently the group’s organizations have returned to their regular rhythm. “Financial functionality was also influenced by work to raise the share of lengthy-time period managed providers agreements, which give consumers stability and clarity about IT assistance prices for several years in progress. When at this phase for us that means more substantial investments to boost people companies and a shifting of some revenue to foreseeable future intervals, getting contracts for quite a few many years will guarantee secure profits of that sort,” Evaldas Rėkus states. The corporate sector’s share of revenue has developed from 33% in 2019 to 44% in the very first 50 percent of this yr and the economical sector’s has risen from 17% to 23%, even though the share of earnings from the general public sector has shrunk from 44% to 28%.

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“At the start off of the 12 months we ongoing to refine the group’s running places with a aim on built-in services and gave a large amount of notice to the joint functions of the merged firms Novian Methods and Acena,” the CEO suggests. Considering the market’s desires for digitalization, he says, the Novian group offers relevant software, organization analytics and method automation alternatives as very well as critical IT infrastructure managed companies, and is employing digitalization projects of numerous scale.

Novian is exceptional in the area in its capacity to perform massive-scale digitization projects and adapt digitized content for even further use. Now Novian Technologies, together with the other Novian team businesses Andmevara Services OU and Zissor, is employing projects to digitize files and upload them to appropriate systems in Lithuania, Estonia and Moldova. The geography of the group’s activities in the initial 50 % of the yr included more than 30 international locations. As in the 1st half of past year, the share of revenue earned aboard was 32%.

Novian Technologies finished significant tasks in Lithuania and Kyrgyzstan

Novian Systems, the primary Novian business working in the technologies space, experienced income of EUR 7.2 million in the very first half of 2021, or 8.5% fewer than in the similar period final year. The company’s running income was unchanged at EUR .48 million. Also operating in the group’s technologies spot are Andmevara Services OU of Estonia and Andmevara SRL of Moldova.

“The very first half of this yr is noteworthy for the selection of significant initiatives done and new types started. Just one of the most interesting is at Lithuanian Railways, in which we will improve and keep incredibly significant hyperconverged IT infrastructure. We also see a increasing need to have on the sector for digitization services and several businesses that are eager to lengthen the lifetime of computer hardware. We are setting up substantial global partnerships. And we have resumed vacation and function for customers in Africa and other foreign international locations – small business procedures are slowly returning to their before, pre-pandemic study course,” Novian Systems CEO Gytis Umantas states.

Worth noting among the this year’s most essential jobs are the completed installation of a superior-efficiency computing cluster at Vilnius University’s Faculty of Arithmetic and Informatics, the accomplished to start with section of a GovCloud set up challenge, and modernization of the Kyrgyz postal technique. Jointly with Andmevara Expert services OU and Zissor, digitization of paperwork is underway at Vilniaus Vandenys and Vilniaus Šilumos Tinklai. Get the job done to digitize tens of millions of web pages for the Nationwide Archives of Estonia and the Cadastral Archive of Moldova is also ongoing.

Novian’s technologies space organizations have earned the largest part of their earnings this calendar year from the company sector, at 50%, which is up from 36% in 2019. The share of their earnings from the fiscal sector has risen to 25% from 20%, when the public sector’s share of earnings has fallen to 21% from 39%.

Lithuania accounted for 69% of revenue in this enterprise area, although in the first half of 2020 the amount was 70%. Assignments have been carried out in 32 nations this calendar year. The systems businesses are concentrating closely on essential IT infrastructure, cloud computing, modern electronic workspaces, and other technological methods.

Novian Devices to modernize the central general public procurement info method

Novian Devices, Novian’s principal business in the software program products and services area, experienced revenue of EUR 1.5 million in the 1st fifty percent of this year, or 3.6% fewer than in the similar time period previous 12 months. Its operating decline for the time period, at EUR 70,000, was up from EUR 19,000 in the initial fifty percent of 2020 (adhering to the merger of Novian Methods and Acena at the conclude of 2020, working success reflect their aggregated figures.). Andmevara AS of Estonia also operates in the Novian group’s application products and services spot.

“We are delighted to be contributing to tasks of this sort of value to Lithuania as the development of the modern-day community procurement information procedure Saulė, for which we will use the most recent options. We are also looking at improved demand from customers for speedily created solutions dependent on chopping-edge systems,” says Paulius Vaitkevičius, the Head of Enterprise Improvement at Novian Devices. He notes that the group’s corporations in this region also offer knowledge analytics, robotics, and synthetic intelligence answers.

The Novian providers operating in the programming spot have executed projects in 8 nations around the world this year. Of their earnings, 76% was gained in Lithuania, up from 72% in the 1st 50 % of final year. Even though the general public sector was the supply of most revenue once more this yr, given that 2019 its revenue share has fallen from 64% to 56%. The company sector’s share of earnings is very little transformed at 24%, when the monetary sector’s share has developed from 4% to 16% and the tutorial sector’s share has reduced from 6% to 2%.

Initiatives of special be aware in the reporting period of time involve enhancement of the ESKIS Taxpayer Electronic Education and learning, Consulting and Data Provider as nicely as the implementation of automation solutions for a municipal waste selection method at Visagino Būstas and for handling milk collection waybills at the Pienas LT agricultural cooperative.

Zissor ongoing the digitization of publications

The Norwegian firm Zissor, a service provider of media monitoring software and digitization expert services, experienced earnings of EUR 484,000 in the very first half of the yr (65.2% additional than in the very first fifty percent of 2020), when its functioning financial gain was EUR 102,000, or 7.8 situations the volume in the exact period of time last 12 months. The firm attained the most significant portion of its profits, 44%, in the United kingdom, with 18% in Sweden and 13% in Norway, and also carried out projects in Germany and somewhere else.

Noteworthy amid Zissor’s projects is the digitization of the archives of the Norwegian newspaper Vesterålen, in which Zissor digitized the newspaper’s entire archive of 200,000 web pages for the decades 1921-2010. Moreover, in collaboration with Visiolink, operate is underway to digitize German newspapers – the undertaking involves changing PDF pages to articles or blog posts and photos and producing XML codes. Zissor is also digitizing the Danish newspaper Ingeniøren.

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

The man or woman licensed to supply additional facts:
Kazimieras Tonkūnas
INVL Technological know-how Running Husband or wife
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