Novian, a software and IT infrastructure services group, saw a 21.9% increase in revenue in 2023, reaching EUR 40.3 million. Despite this growth, the group’s EBITDA shrank by 18.5% to EUR 1.2 million, and operating profit decreased by 72.2% to EUR 0.14 million compared to the previous year.
CEO Tomas Vitkus expressed excitement about the group’s progress, attributing it to their focus on digitalization and advanced solutions like AI. He highlighted the use of container platforms and microservices in IT infrastructure upgrades as a key strategy to meet growing demand.
In terms of business areas, software development revenue grew by 11.6% in 2023, while high performance computing and cloud computing platforms saw a significant increase of 3.3 times. The group also expanded its presence internationally, operating in 37 countries last year.
Novian Technologies CEO Gytis Umantas emphasized the company’s commitment to innovation and improving IT infrastructure managed services. Projects included container management solutions for various organizations and an HPC project benefiting Southern African countries.
The group’s software services arm, Novian Pro, worked on projects in public sectors, aviation, and defense, including a system for Brazilian air traffic controllers. Despite facing challenges in a major project for Lithuania’s Central Public Procurement Information System, the company remained focused on delivering quality services.
Overall, Novian Group consists of several companies across different regions, all under the ownership of INVL Technology. With a strong focus on innovation and client satisfaction, the group continues to make strides in the IT industry.