INVL Technology Shifts Strategies Following Advisor Termination

INVL Technology Adjusts Course After Ending Advisory Agreement

INVL Technology, a prominent player in the investment landscape, has made a significant move by terminating its agreement with the Zurich branch of Corum Group International S.à.r.l. This strategic decision, aimed at enhancing flexibility, allows the company to seek alternative options for their portfolio's divestment strategies. The decision is part of a broader initiative to continue actively pursuing sales amidst current market challenges.

Ongoing Efforts Amidst Market Challenges

Despite the dissolution of its collaboration with Corum Group, INVL Technology is not putting a halt to its efforts. The company remains committed to facilitating the sale of its portfolio companies. Active negotiations with prospective buyers are still in progress, highlighting INVL Technology’s determination to explore all potential opportunities in the market.

Seeking New Advisors

In line with its ongoing efforts, INVL Technology is initiating a search for new investment advisors possessing expertise in divestments. This move underscores the company’s goal to diversify its strategic options and enhance its competitive edge in the investment arena.

Strategic Flexibility in Divestment Pursuits

The motivation behind terminating the contract with Corum Group stems from the need for greater strategic flexibility in selling portfolio companies. Kazimieras Tonk?nas, the Managing Partner at INVL Technology, expressed optimism for the future, despite challenging economic conditions in the technology sector across Europe and North America. He reassured stakeholders that interest from potential buyers remains strong, paving the way for ongoing negotiations.

Market Conditions and Company Performances

Tonk?nas acknowledged the difficulties facing B2B technology companies but pointed out that INVL Technology's portfolio companies continue to perform admirably. The upcoming report for the first half of the fiscal year is anticipated to reflect these positive results, showcasing the resilience and effectiveness of their business models.

About INVL Technology

INVL Technology operates under the management of INVL Asset Management, recognized as a leading alternative asset manager in the Baltic region. The investment company specializes in modern IT businesses, including notable firms such as NRD Cyber Security, NRD Companies, and Novian. This diversified portfolio positions INVL Technology favorably within the fast-evolving tech landscape.

Conclusion

As INVL Technology navigates through its divestment strategies, it remains a noteworthy entity on the Nasdaq Vilnius stock exchange under the ticker INC1L. The company’s proactive steps toward adapting its advisory relationships illustrate its commitment to optimizing portfolio performance and successfully managing its assets.

Frequently Asked Questions

What prompted INVL Technology to terminate its agreement with Corum Group?

INVL Technology sought greater strategic flexibility to explore alternative options for divesting its portfolio companies amidst current market challenges.

How is INVL Technology proceeding with portfolio sales after terminating the agreement?

The company continues active negotiations with potential buyers and is launching a search for new investment advisors with expertise in divestments.

Who is Kazimieras Tonk?nas?

Kazimieras Tonk?nas is the Managing Partner at INVL Technology, providing leadership and insight into the company's strategic decisions.

What is INVL Technology's primary focus?

INVL Technology invests in IT businesses and is focused on managing its portfolio of technology-oriented companies.

Where can INVL Technology's shares be traded?

Shares of INVL Technology are traded on the secondary list of the Nasdaq Vilnius stock exchange under the ticker INC1L.

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