Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Lithuania
  4. Nasdaq Vilnius
  5. UTIB INVL Technology
  6. News
  7. Summary
    INC1L   LT0000128860

UTIB INVL TECHNOLOGY

(INC1L)
  Report
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

UTIB INVL Technology : NRD Companies Sold Shares of NRD Bangladesh to NRD Cyber Security

10/01/2021 | 04:22am EST

As part of strategic restructuring in a cluster of companies owned by INVL Technology, NRD Companies sold most of the shares of NRD Bangladesh to NRD Cyber Security.

October 1st 1, 2021. Today, NRD Companies and NRD Cyber Security have signed a deal under which 98% of NRD Bangladesh shares were sold to NRD Cyber Security, which previously owned 1% of shares. After this deal, NRD Companies has a stake of 1% in NRD Bangladesh.

Both NRD Companies and NRD Cyber Security are part of an IT-business investment company, INVL technology. The goal of the business restructuring was to separate and concentrate all cyber security expertise of INVL technology under NRD Cyber Security.

"A company in Bangladesh was established under a consistent strategy of NRD Companies at that time - to provide cyber security consulting services. We completed numerous significant projects in that country. But the company group evolved, acquired other capabilities, expanded the scope of geography," commented Mindaugas Glodas, CEO at NRD Companies. "Today we are a group that focuses its attention on several segments: financial, governmental, and retail. We create specialized IT solutions in those sectors and consult our clients all over the world."

"Our sister company, NRD Cyber Security, is focused solely on cyber security. Therefore, we made a strategic decision to sell NRD Bangladesh to NRD Cyber Security. They are truly experts of top-grade competence," continued Mr. Glodas.

NRD Cyber Security already has experience in Bangladesh cyber security market. Experts of the company have established a national computer emergency response team (CIRT), have been active at establishing a national laboratory of cyber forensics. According to Vilius Benetis, CEO at NRD Cyber Security, a naturally growing demand for cyber security services in Bangladesh was one of the key reasons to strengthen the capabilities of NRD Cyber Security in that market.

ABOUT NRD CYBER SECURITY
NRD Cyber Security (NRD CS) is a cyber security company that specializes in the establishment and modernization of cybersecurity teams (CSIRTs) and security operations centers (SOCs) as well as cyber threat intelligence and managed security services for businesses and nations. Also, the company's experts actively participate in the international cybersecurity community, develop and improve methodologies for strengthening cyber resilience. The geography of NRD Cyber Security projects includes but is not limited to Europe, Asia, South America, and Africa. The company provides cybersecurity consultancy services and solutions to nations, sectors, corporate structures and SMEs and is part of INVL Technology, Nasdaq Vilnius listed closed-end investment in IT businesses company. INVL Technology family of companies is home to more than 300 specialists working globally in cybersecurity, system development, and set-up, IT licensing, management and administration.

ABOUT NRD COMPANIES
NRD Companies is a global IT and consulting group of companies, specializing in governance and economic digital infrastructure development. Headquartered in Norway, the group unites companies operating in Fintech, GovTech and practice-based consulting areas in aiding countries to reach UN sustainable development goals. NRD companies have a successful track record of implementing projects, such as e-service delivery platforms, national post digitalization, tax administration platforms and other digital solutions, in all 5 continents. The Group is a recognized leader in the industry and is controlled by the INVL Technology UTIB. NRD Companies is a parent company for the following subsidiary corporations: Norway Registers Development AS, NRD Systems, NRD Rwanda, ETRONIKA, Infobank Uganda. More information: www.nrd.no.

Disclaimer

INVL Technology AB published this content on 01 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 October 2021 08:21:01 UTC.


© Publicnow 2021
All news about UTIB INVL TECHNOLOGY
11/12Information about shares issued by INVL Technology and votes granted
AQ
11/10UTIB INVL Technology commences an Equity Buyback Plan for 10% of its issued share capit..
CI
11/10INVL Technology will buy-back its own shares
AQ
10/29Announcement of the net asset value of INVL Technology as of 30 September 2021
AQ
10/29INVL Technology results for 9 months of 2021
AQ
10/28Resolutions of the general extraordinary shareholders meeting of INVL Technology
AQ
10/26The decision of the management company of INVL Technology on the purchase of own shares
AQ
10/22UTIB INVL TECHNOLOGY : Novian group broadens its software services expertise with acquisit..
AQ
10/06UTIB INVL TECHNOLOGY : Convocation of the General Extraordinary Shareholders Meeting of IN..
AQ
10/01UTIB INVL TECHNOLOGY : NRD Companies Sold Shares of NRD Bangladesh to NRD Cyber Security
PU
More news
Financials
Sales 2020 - - -
Net income 2020 4,77 M 5,39 M 5,39 M
Net cash 2020 2,60 M 2,94 M 2,94 M
P/E ratio 2020 5,31x
Yield 2020 -
Capitalization 32,9 M 37,1 M 37,2 M
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees 9
Free-Float 49,9%
Chart UTIB INVL TECHNOLOGY
Duration : Period :
UTIB INVL Technology Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers and Directors
Laura Križinauskiene Chief Executive Officer
Kristupas Baranauskas Chief Financial Officer
Darius Šulnis Chairman
Vida Juozapaviciene Director-Marketing & Operations
Nerijus Drobavicius Director
Sector and Competitors
1st jan.Capi. (M$)
UTIB INVL TECHNOLOGY29.81%37
INVESTOR AB (PUBL)48.49%71 936
CK HUTCHISON HOLDINGS LIMITED-7.67%24 582
GROUPE BRUXELLES LAMBERT SA16.09%16 182
HAL TRUST23.63%13 757
AB INDUSTRIVÄRDEN (PUBL)-1.24%12 689