INVL Technology is a closed-end investment company which invests in IT businesses. It is listed on the Nasdaq Vilnius exchange (INC1L). The company was established in early 2015 through a merger of the asset management and IT business companies INVL Technology AB and BAIP Group AB. On 3 July 2015, INVL Technology placed a new issue of 6 060 607 shares at a price of 1.65 euros per share and raised 10 million euros. On 14 July 2016, the Bank of Lithuania issued a closed-end investment company (CEF) licence to INVL Technology. INVL Technology will operate until 14 July 2026, with extension possible for two more years. When the company obtained the status of a CEF, its management was assumed by INVL Asset Management – part of the asset management group Invalda INVL. INVL Technology operates as a diversified cluster of IT businesses focused on large corporate and public sector clients which helps to globalise the activities of the businesses it owns and enlarge their portfolios of services. INVL Technology invests in and develops IT businesses based in European countries with the potential to become global players. In seeking to transform them into global businesses, the company takes advantage of the access to markets and the intellectual capital of the other businesses it owns. INVL Technology’s goal is, after boosting the value of the businesses it owns, to sell them profitably and thus generate a significant return for investors.