ISMA, Informacijas Sistemu Menedžmenta Augstskola

What ISMA, Informacijas Sistemu Menedžmenta Augstskola does

Riga Nordic University (Rīgas Ziemeļvalstu Augstskola, legally ISMA, Informācijas Sistēmu Menedžmenta Augstskola) is a private higher education institution headquartered in Riga, Latvia, founded in 1994. Operating under the DBA "Riga Nordic University," it delivers a portfolio of accredited study programs across bachelor's, master's, and short-cycle levels, including Psychology, Business Administration (Global BBA), Business Management, Business Management in Tourism, Information Systems, Computer Systems, Unmanned Systems Programming, Music Management, Organizational Psychology, and Tourism Services Organization. The university also offers non-degree offerings such as FPV Drone courses for school students and operates an E-Studijas portal for academic management.

The institution supports its academic mission with a Business Incubator, Career Center, Library, Student Self-Governance, and a Scientific Research Institute. International exposure is delivered through the Erasmus+ exchange network for student and staff mobility and a double-degree arrangement with Alfred Nobel University. Industry collaboration is signaled through partnerships with Schenker, ExxonMobil, Swedbank, LDDK (Latvian Employers' Confederation), airBaltic, LVM (Latvian State Forests), BBH Ramis, BTG, and MSONIC, which support internships and career pathways. Marketing and recruitment run through the main website (rnu.lv), Facebook, Instagram, LinkedIn, Telegram, and a self-serve e-application system (apply.rnu.lv).

The business model is tuition-driven ("Studiju maksa"), with pricing not publicly disclosed, supplemented by ancillary fees and course revenues (e.g., FPV Drone courses) and likely by public research/project funding flowing through the Scientific Research Institute. The customer base is prospective and enrolled students, primarily in Latvia with international inbound via Erasmus+, served through a single main campus (Valērijas Seiles 1, K-5, Riga) and additional branches. No parent company, ownership stake, or institutional investor is disclosed, and the firm is reported with 40 employees — a small administrative footprint relative to typical Latvian universities.

Name

ISMA, Informacijas Sistemu Menedžmenta Augstskola

Legal name

Rīgas Ziemeļvalstu Augstskola

Website

https://isma.lv

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Riga Nordic University is a private Latvian higher education institution (founded 1994) offering bachelor's, master's, and short-cycle programs in business, IT, psychology, tourism, music management, and unmanned systems, plus non-degree courses, to primarily Latvian and Erasmus+ international students in Riga.

Ownership category

akta.pro rank

Product category

Higher Education

NAICS

Colleges, Universities, and Professional Schools (611310), Professional and Management Development Training (61143)

SIC

Services-Educational Services (8200)

akta.pro primary industry

Project, Quality & Operations (PMP PDUs, Six Sigma, Quality CE) (EDAAALAM)

akta.pro secondary industry

Systems Administration & IT Operations (Windows/Linux, Monitoring, ITSM) (EDABAFAH)

Keywords

• Higher education programs
• Bachelor's degree programs
• Master's degree programs
• Business administration education
• Information systems education

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Distribution channels2 records

Marketing channels6 records

Core offering

ISMA (Riga Nordic University) is a private higher education institution delivering academic study programs at bachelor's, master's, and short-cycle levels in business administration, business management in tourism, information systems, computer systems, psychology, organizational psychology, music management, unmanned systems programming, and tourism services organization. It supplements degree programs with non-degree offerings such as FPV drone courses for school students and supports students via an e-learning portal, career center, business incubator, library, and the Erasmus+ exchange program.

Product overview

Riga Nordic University (Rīgas Ziemeļvalstu Augstskola) is a higher education institution offering a comprehensive portfolio of study programs across multiple levels: short-cycle programs, bachelor's programs (including professional and IB-oriented Global BBA), and master's programs. The programs span disciplines including Business Administration, Tourism Management, Information Systems, Computer Systems, Psychology, Organizational Psychology, Music Management, and Unmanned Systems Programming. Additionally, the university provides non-degree courses such as FPV Drone courses for school students. Student services include the E-Studijas (e-Studies) portal for academic management, a Business Incubator, Career Center, Library, and ERASMUS+ exchange programs. The institution operates a Scientific Research Institute and maintains partnerships with various Latvian and international companies for internships and collaborations.

Differentiator

Problem solved

Functional benefit

Products and services

• Psiholoģija (Psychology Bachelor) Bachelor's program in Psychology providing theoretical knowledge and research skills, analytical and critical thinking, and social communication skills for the Latvian and global labor market.
• Organizāciju psiholoģija (Organizational Psychology Master)
• Business Administration (Global BBA)
• Uzņēmējdarbības vadība (Business Management Bachelor)
• Uzņēmējdarbības vadība tūrismā (Business Management in Tourism)
• Informācijas sistēmas (Information Systems)
• Bezpilota sistēmu programmēšana (Unmanned Systems Programming)
• Mūzikas menedžments (Music Management)
• Tūrisma pakalpojumu organizēšana (Tourism Services Organization)
• Datorsistēmas (Computer Systems Master)
• Uzņēmējdarbības vadība maģistratūrā (Business Management Master)
• FPV Dronu kursi skolēniem (FPV Drone Courses for School Students)
• E-Studijas (E-Studies Portal)

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered minor and core.

• SchenkerminorOthersLogistics company partnership indicated through logo display on the university's industry collaboration section, suggesting career and internship opportunities for students.
• ExxonMobilminorOthersEnergy sector company partnership indicated through logo display, suggesting potential industry collaboration and employment opportunities.
• SwedbankminorOthersFinancial institution partnership indicated through logo display, suggesting banking sector career connections for students.
• LDDK (Latvian Employers' Confederation)minorOthersEmployers' confederation partnership indicated through logo display, representing broad employer network for student就业 opportunities.
• airBalticminorOthersNational airline partnership indicated through logo display, suggesting aviation and tourism sector connections.
• LVM (Latvian State Forests)minorOthersState forest management company partnership indicated through logo display, suggesting environmental and resource management sector connections.
• BBH RamisminorOthersBusiness consultancy partnership indicated through logo display.
• BTGminorOthersCompany partnership indicated through logo display on university collaboration section.
• MSONICminorOthersCompany partnership indicated through logo display on university collaboration section.
• Alfreda Nobela Universitāte (Alfred Nobel University)coreStrategic or Co-development PartnerDouble degree program partnership offering students the opportunity to earn credentials from both institutions, enhancing international academic recognition and career prospects.
• Erasmus+ Partner UniversitiescoreStrategic or Co-development PartnerExchange program partnerships with European universities enabling student and staff mobility for studies and internships across the Erasmus+ network.

Recent moves6 records

Expansion highlights5 records

Direct peers

• BA School of Business and Finance: Private higher education institution in Riga focused on business administration, finance, and economics. Directly comparable in product offering (business bachelor/master), private status, and Latvian operating geography.
• RISEBA University of Applied Sciences: Riga-based private university offering business, communication, and technology programs at bachelor and master level. Closely comparable in size, geography, and private higher-education positioning to RNU, competing for the same Latvian student pool.
• Turiba University: Riga-based private university with programs in business, tourism, hospitality, and law. Directly comparable as a Latvian private multi-disciplinary higher education provider competing in similar segments including tourism management.
• Stockholm School of Economics in Riga (SSE Riga): Riga-based private business school offering bachelor and master programs in economics and business. Closely comparable private higher education competitor operating in the same Latvian market with overlapping business administration programs.
• European University (Latvia): Private higher education institution in Latvia offering business, IT, and social science programs. Comparable private multi-program provider operating in the same domestic market as RNU.

Regional players

• Estonian Business School: Private business school in Tallinn, Estonia offering bachelor, master, and doctoral programs in business and management. Regional peer with comparable private higher-education model and overlapping business/management curriculum in the Baltic market.
• VIA University College: Danish University College offering professional bachelor and master programs across business, technology, and health. Regional player with comparable applied/professional higher-education orientation and similar program-mix overlap with RNU's professional bachelor offerings.
• Vilnius University International Business School: Business school within Vilnius University in Lithuania offering management and economics programs. Regional peer operating in a similar Baltic higher-education market with comparable business program offerings.

Broad incumbents

• Riga Technical University: Largest technical university in Latvia offering bachelor, master, and doctoral programs in engineering, IT, and architecture. Broader incumbent that overlaps directly with RNU's Information Systems and Computer Systems programs but operates at significantly larger scale and scope.
• University of Latvia: Largest comprehensive public university in Latvia spanning humanities, social sciences, natural sciences, and business. Broad incumbent competing for the same domestic student pool across nearly all of RNU's program areas.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/riganordicuniversity
• LinkedInlinkedin.com/school/informacijas-sistemu-mened%C5%BEmenta-augstskola
• Instagraminstagram.com/riganordicuniversity

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about ISMA, Informacijas Sistemu Menedžmenta Augstskola