Financial Results of 2014
July 01, 2015
Nortal EBITDA doubled to EUR 1,863 million in 2014 compared to 943 thousand euros in 2013, while consolidated revenue increased 16% to EUR 42,3 million (EUR 36,6 million in 2013).
In 2014, Nortal business in Finland, Oman and Estonia was profitable. Nortal Lithuanian business performance was negative in 2014 due to investments into Lithuanian National Health Record project eSPBI and implementation of eHealth hospital information system into 32 hospitals exceeded project budgets. Omani revenues more than doubled in 2014 as Omani Business Registry, the core system for Oman Tax and Government Cloud went into full speed.
After restructuring the business from country-based business units to 4 main business areas (TIME - telecom, internet, media, entertainment; e-government; e-health and industry), Nortal is increasing its business development efforts by expanding the current core verticals into new markets and by continuously focusing on increasing our domain knowledge in all business areas.
Nortal is a valued employer across its markets, and in recognition to this Nortal became the second runner-up at the most family and employee friendly company competition in Estonia in 2015 (Nortal has previously been awarded the title three times – in 2008, 2010 and 2014).
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Nortal invites Former Estonian Prime Minister to Present at workshop on Good Governance
June 03, 2015
June 03 2015, Muscat: Mr. Siim Kallas, the former Estonian Prime Minister and Vice President of the European Commission shared his experiences on good governance in a workshop aimed at high level Omani government officials. The highly interactive session led by Mr. Kallas incorporated a very solid case study of the Estonian Experience from the period he was in charge of leading the complex governmental reforms at the highest level. Officials from the Ministry of Commerce and Industry, Ministry of Health and other government departments attended the event with the key guest for the afternoon being Dr. Ali bin Masoud Al Sunaidi, the Minister of Commerce and Industry.
Mr. Kallas, who was first appointed Vice President to the European Commission in 2004 held two integral positions over the course of his tenure, briefed the audience on the policies and legal basis of the best practices of good governance. He also explained the lessons learned from the reforms that took place in Estonia since the country regained its independence in 1992 and which lead to the e-transformation of the whole society, resulting in significant savings on governance costs and raised standard of living for the citizens. He concluded by looking at practical measures of executing good governance.
Mr. Peeter Smitt, Managing Director of Nortal in the gulf region, said: “We are deeply honoured to have Mr. Siim Kallas here with us today to share his experiences. Mr. Kallas has been the powerhouse behind many complex governmental reforms and his work is a shining example of how to make the public sector perform with increased efficiency and accountability, how investing in technology enables wider and more comfortable access to much needed services,” mr. Smitt concluded.
The multi-national IT company Nortal has assisted numerous countries in the field of e-governance, including Qatar, Oman, Estonia, Finland, Lithuania, Nigeria, Botswana and Moldova in providing better services to their citizens and businesses. Nortal began its operations in the Gulf in 2008 and established a local subsidiary in 2011. Today it considers Oman to be one of its home markets with a strong onsite presence.
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Liferay Recognizes Nortal as a Platinum Partner
March 24, 2015
Liferay, Inc., which makes enterprise, open source portals,
announced that Nortal has achieved Platinum Partner status. As a partner since 2009,
and the only Liferay partner in Estonia, Nortal works with clients to design
and implement various enterprise level self-service systems using Liferay
Portal. Major clients for whom Nortal has implemented Liferay Portal solutions
include Estonian Telecom (EMT), Tallink, and Estonian Energy.
“We are very proud to see Nortal reach this milestone,” said
Joseph Shum, Director of Operations in
Europe. “Nortal has established a very impressive deployment track record
across many industries, most recently within the Telecom and Energy sectors.”
Nortal’s customer Tallink uses
Liferay for almost all its external and internal sites, counting over 20
different sites in different geographical locations and
languages, including a business units support portal. The company chose Liferay
for their new intranet project as the key platform.
“The platform choice has justified itself in
every way, the learning curve to the platform has been a time well spent.” said Toomas
Susi, Head of IT development, Tallink Group. “Liferay is a
great framework for bigger companies with more complicated IT needs.”
Nortal believes Liferay is essential
to fulfilling the growing needs of the enterprise, especially those who are
looking to move beyond the constraints of their current technology platforms. Liferay
Portal provides key functionalities to meet the needs of modern users by
enabling the delivery of mobile applications, both native and web, mobile responsive design and audience personalized
"Reaching the level of
Platinum Partnership with Liferay is yet another proof and guarantee of
Nortal’s competencies. Also, a unique competitive advantage in Estonia and in
the region.” said Oleg Shvaikovsky, Board Member, Nortal.
“We are honored to be a certified
Liferay Partner. Nortal will continue to offer the best technological solutions
for our customers with complex and demanding IT needs.”
About Liferay, Inc.
Liferay, Inc. is
a leading provider of enterprise open source portal and collaboration software
products, servicing Fortune 500 companies worldwide. Clients include Allianz,
Carrefour, Cisco Systems, Danone, Lufthansa Flight Training, Siemens, Société
Générale, Toyota and the United Nations. Liferay offers Enterprise
Subscriptions, which provide access to emergency fixes, software updates, 24/7
support SLAs, and subscription-only features. Liferay also offers professional
services and training to ensure successful deployments for its customers. Liferay,
Liferay Portal, and the Liferay logo are trademarks or registered trademarks of
Liferay, Inc., in the United States and other countries.
For more information about Liferay, visit www.liferay.com.
6196 92 193 30
Phone: +372 510 5349
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Nortal Summer University Program Open for Applicants
February 26, 2015
For the 10th year in a row, a 4-month-long Nortal Summer University training program for IT students is open for applications. The program is called “Programmers’ Special” and is dedicated to all those capable of and interested in software development. Everyone interested in participating is welcome to join the program either in Estonia or Lithuania. After the first week of introductory training in Estonia, all students move on to work in real projects for real customers in their home country (either Estonia or Lithuania).
Registration deadline is March 21
. To submit their entry the applicants must sign up
and give their name, country of residence, name of the university they are currently studying at and a few additional contact details. Please note that all applicants must be fluent in the local language of the country they are applying at.
All applicants will receive the first test assignment via e-mail by March 23. Solving the first test assignment will reveal the key to the second one. The first test assignment should be solvable within an hour but the test link will be active and open for 24 hours. The solution to the second test assignment must be submitted no later than March 29. Along with the solution, all applicants are also expected to submit their CV and letter of motivation.
All candidates will be contacted by April 17 and Nortal will conduct the interviews within the period of April 18 - May 7. By May 8, Nortal Summer University 2015 participants will be announced.
The Summer University program will begin approximately one month after the participants have been selected. The first training week will be held in Estonia. Transport to the training location and accommodation during the training week will be organised and paid by Nortal. After a week of introductory training and overview of the methods and tools, all students move on to work in real projects for real customers with the support of the team and their very own tutor.
Nortal Summer University dates back to 2005. when the program was initiated in Tartu. The number of applicants has grown significantly and every year. In 2014, 275 students applied for Nortal Summer University and 16 were accepted. In 2013, 254 students applied and 22 were accepted.
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Nortal Finland completes employee cooperation negotiations
February 12, 2015
On February 8th, Nortal Finland completed the employee cooperation negotiations according to which Nortal will terminate the contracts of 4 people in Finland and temporarily lay off 9 people full-time and 4 people part-time, also in Finland. Temporary lay-offs may last for a period of up to 90 days.
The time period during which Nortal will carry out the planned temporary full-time and part-time lay-offs lasts from February to October with two set checkpoints. Provided the market situation does not meet Nortal's expectations, the set two checkpoints might result in more temporary full-time or part-time layoffs before October 2015. There will be no more contract terminations.
Nortal entered the employee cooperation negotiations due to changes in its customers’ purchase behaviour and overall difficult market situation in Finland. The employee cooperation negotiations lasted for 14 days and affected approximately 100 people of the Nortal Finland 140 staff.
Read more on the Finnish co-operation procedure on reducing the use of personnel.
For additional information contact:
Managing Director Finland, Nortal Oy
+358 407 625 480
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Liferay Named a Leader in Gartner’s 2014 Magic Quadrant for Horizontal Portals!
January 21, 2015
For the past several years, Liferay has had the fastest-growing Java-based portal, increasing its market momentum even as other Java portals from established large vendors have slowed in growth. Enterprise initiatives most frequently employ the commercially supported Liferay Portal Enterprise Edition, which is available primarily on a subscription basis. Organizations pursuing project-based portal initiatives and smaller organizations often use the free open-source Liferay Portal Community Edition. Liferay also makes its Enterprise Edition available to independent software vendors (ISVs) as an OEM offering. Liferay Portal Enterprise Edition is now at version 6.2 and boasts upward of 1,700 customers.
Even in the face of increasingly large, complex deployments, Liferay continues to build up a pool of satisfied customers. Liferay Portal has often succeeded where portal initiatives using other products were bogged down in cost and complexity. The open-source option can mean greatly reduced costs for organizations with sufficient in-house resources to take advantage of it.
Liferay is focused, agile and able to maintain a faster pace of development than most in terms of adding features such as support for mobile and social computing. Liferay has proved that it can respond quickly to requests for added functionality and other changes in market demand.
Even in the face of substantial growth, Liferay has retained its customers' high regard for its support. Customers rate Liferay among the highest of portal providers in the quality and effectiveness of customer support and professional services.
Nortal Liferay Competence
Nortal is a Liferay Portal Gold level partner and has deployed Liferay projects since 2009. Nortal has developed more than 20 projects involving the Liferay Portal as the core platform.
We have over 50 specialists from project management to analysis, development, QA and visual design who are working with Liferay platform based projects on a daily basis. Besides that Nortal is a regional reseller and 1st line support contact for Liferay clients and developers.
Nortal has certified a number of specialists as Liferay developers and administrators, taken the 1st line support courses as required by the Liferay partnership terms and also participated in Liferay conferences annually to keep up with the latest improvements.
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Nortal Oy starts employee cooperation negotiations
January 19, 2015
Nortal Oy starts employee cooperation negotiations due to a weak project situation resulting from changes in the customers’ purchase behaviour.
The employee cooperation negotiations take place in Finland and affect some 100 staff. Currently, Nortal Oy employs 140 professionals. Up to 9 jobs may be cut, and in addition it is discussed to lay off no more than 55 employees full-time or part-time for a period of up to 90 days.
Toimitusjohtaja, Nortal Oy
+358 407 625 480,
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Aurimas Danaitis to Take the Role of Country Manager for Nortal Lithuania
November 03, 2014
Nortal has appointed Aurimas Danaitis as the Country Manager for Nortal Lithuania since November 1, 2014. Danaitis, who has managed Nortal Lithuania's Public Unit for more than nine years, replaced the previous Managing Director Arnoldas Jankūnas.
Arnoldas Jankūnas, one of the founders of Nortal Lithuanian branch said that after almost 10 years Nortal has a strong position in the Lithuanian market. “I am certain Nortal will continue to grow under the very capable management of Aurimas Danaitis, who is a goal oriented leader never afraid to accept new challenges. Nortal today is a highly competitive company with a solid management team and excellent professionals able to achieve very ambitious goals. Aurimas is an experienced manager who knows both the company and the customers well which enables me to take some time off and consider accepting new challenges,” explained Jankūnas.
According to Aurimas Danaitis, in Lithuania Nortal will continue to focus on eHealth projects and export. "We have successful experience in these segments, and our goal is to continue to increase revenues as well as further develop and grow Nortal in Lithuania. This also means that we will be recruiting many IT talents in the near future,” said Danaitis.
Nortal currently employs more than 80 employees in Vilnius and Kaunas. In order for the company to continue to expand, Nortal will hire experienced professionals as well as talented students. For Lithuanian IT students Nortal annually organizes free trainings after which the most talented students are invited to continue working in the company.
Nortal is the biggest software development company and the second largest Baltic IT services company in the Baltics. In Lithuania Nortal develops and implements solutions in three sectors: eHealth, Public Sector and Private sector. In 2013, Nortal Group turnover was 126.4 million litas (36.6 million EUR) and Nortal also ranked as a leader in IT export in the Baltics (source: Prime Investment report).
+370 698 87057
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Nortal and VTT start cooperation in the fast-growing big data market
October 16, 2014
Nortal and Technical Research Centre of Finland (VTT)
will begin developing advanced practical solutions for analysis of large amounts of data, known as big data, targeted at industrial companies. The global big data market is expected to undergo annual growth of up to 27 per cent.
VTT and Nortal see rising potential in big data technologies, and extensive customer interest both at home and abroad. The potent combination of research and rapid business evolution will give the two companies an effective way of serving their customers in the development of digitalised businesses.
Both see the anticipated strong market growth as the starting point for the creation of a new kind of technology architecture, one that will allow digital services to be based on a variety of aspects drawn rapidly, even in real time, from a vast amount of data.
Nortal is a software development solutions provider focusing on industry, with expertise in gathering large amounts of data using the Apache Hadoop platform, supplied by partner Hortonworks. The company also has experience in gathering analysis results, reporting and visualisation for both private and public sector customers.
"This cooperation will strengthen our big data offering and know-how even further. With the support of VTT and Hortonworks, Nortal will be capable of offering and delivering a comprehensive Big Data solution, ranging from data collection right through to visualisation. With the world in sore need of specialists in the analytics of large amounts of data, we are delighted to have VTT as our partner," says Timo A. Rantanen, Nortal Business Area Director.
VTT will be focusing on advanced data analytics and management of large masses of information.
"VTT is a pioneer in real-time data analytics. Our new strategy also emphasises exploiting large amounts of data in the industrial internet. We consider it vital that consolidation of our high-level technological research takes place alongside the customer's business. Cooperation with Nortal also gives VTT an opportunity to identify new research challenges," says Tuomo Tuikka, Head of Research at VTT's Digital Systems and Services.
The parties see a growing number of opportunities in big data technologies, as well as burgeoning customer interest at home and abroad. By combining research with rapidly evolving business, Nortal and VTT will be working together to best serve their customers in digitalised business development.
The major transition now under way is driven by the progress in business digitalisation and the industrial internet. The business benefits are being sought from services related to information processing.
Today's Internet carries more data in one second than was contained in the entire Internet of 20 years ago. On average, business connected with big data is expected to grow six times faster than the ICT market. Research firm IDC estimates that the big data market will grow annually by 27 per cent, which by 2017 would give it a value in the order of USD 32 billion.
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Tietoviikko: Nortal is not frightened by the jackpot
October 14, 2014
Tiina Siltala from Tietoviikko interviewed Juha Laakkonen for their STRAIGHT TO THE POINT column.
October 6th, 2014.
The system reform of the tax authorities is a giant project for the Estonian Nortal. There were no credibility problems, according to Juha Laakkonen, the newly appointed director of the Finnish branch.
The complete software project for the Finnish Tax Administration is a huge deal for the Finnish Nortal. Are you concerned about implementing the project?
No, we are not. Nortal has provided the tax administration with software systems and has been one of its main partners for decades. This is how we know the tax administration and taxation in Finland. The American Fast, in turn, makes software packages for tax administrations. Its GenTax product is one of the most used among taxation software. I believe that together with the American partner we have the best possible options.
How can an IT company of Nortal's size get the project to a successful conclusion?
Success always starts from expertise and the fact that project management is working, the project is being implemented by professionals, communication with the customer is sufficient and the project is proceeding as planned. Understanding the customer's business is the key to success in terms of the Finnish Tax Administration as well as in other large projects. You will always meet obstacles in case of larger projects and these have to be openly discussed with the client.
What are the biggest pitfalls of a project?
In large projects, the pitfalls are generated by the fact that the projects are related to individuals. Adequate resourcing of both the supplier and the customer is an important issue. You have to be able to keep people happy and help them succeed. There will be problems if you're unable to arrange these conditions. The most important thing is human motivation and expertise.
See the full text in Finnish in Tietoviikko.
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