INVL Technology - Notification on material event

INVL Technology decided to transferred the shares of Acena to BAIP

Vilnius, Lithuania, 2015-09-29 15:52 CEST (GLOBE NEWSWIRE) -- The Board of ICT
investment company INVL Technology on 29 September 2015 decided that 100
percent shares of a specialised Microsoft solutions company Acena, UAB will be
transferred to another INVL Technology managed company BAIP, UAB. The deal
value is equal to the value of Acena at the end of June 2015 - EUR 412
thousand, therefore the deal will not influence INVL Technology performance
indicators. 

The deal is implemented in order to simplify the structure and management of
INVL Technology investments portfolio by linking the companies working in the
field of IT infrastructure. After the share transfer, Acena will preserve its
name, and Marius Leščinskas will continue serving as the CEO of the company. 

„BAIP and Acena have been collaborating for many years now. Together we will
continue the strategic expansion in the Baltics, where we will provide
integrated and managed IT services“, commented the CEO of BAIP Gytis Umantas. 

„We will be able to offer employee productivity improvement services and
solutions that match the business needs and generate quicker investment return
for the clients of both companies. We will assist them in their IT
optimization, optimization and automatization of their business processes, and
we will help them reduce their IT maintenance costs“, said the CEO of Acena
Marius Leščinskas. 


         The person authorized to provide additional information:
         Kazimieras Tonkūnas
         Director
         E-mail: k.tonkunas@invltechnology.lt