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 contribution to business growth through innovative programming and IT solutions, particularly in the digitalization sector. He highlighted Novian’s expertise in developing modern technological solutions and emphasized the growing demand for container platforms and microservices.
In terms of strategic business areas, Novian’s software development revenue grew by 11.6% in 2023, while high performance computing (HPC) and cloud computing platforms saw a significant revenue increase of 3.3 times. The group also expanded its activities internationally, operating in 37 countries last year.
Novian Technologies CEO Gytis Umantas highlighted the company’s focus on enhancing IT infrastructure managed services and its involvement in innovative projects, such as the Lithuanian Quantum Technology Association. The company also implemented container management platform solutions for various organizations.
In the software services area, Novian Pro signed contracts for projects in the public sector, aviation, and defense industries. The company introduced Innovation as a Service (IaaS) to facilitate AI development and completed the integration of a software services company acquired in 2021.
Despite facing challenges in the software services sector, Novian remains committed to delivering value to clients and driving business growth both nationally and internationally. The group consists of several companies under INVL Technology, reflecting its investment in IT businesses.