2022-12-27

Lithuania boosts foreign direct investments and its tech environment

iTechArt Group, a global industry-leading software development company headquartered in New York, has opened its first Lithuanian office in Vilnius that already has 100 locally based employees. With this new hub, iTechArt aims to expand its international client base and solidify its market position by focusing on local hiring, scaling its operations, and opening new offices. While Lithuania boosts foreign direct investments.

To make its ambitious plan to scale its Lithuanian tech center a reality, the company is currently scouting for talent with a wide range of technical skills: back-end (.NET, NodeJS), front-end (React, Angular, Vue), DevOps (Azure, AWS, GCP), AEM, e-commerce (Magento, Shopify), Native iOS and Android development, Python/Django, PHP, Ruby, data engineering, data science, manual QA, and test automation QA specialists, as well as HR and managerial staff.

For over 15 years, iTechArt has been an industry-leading software development partner to 500+ fast-growing companies and start-ups worldwide on cutting-edge tech across industries. Headquartered in New York with 20+ offices and 3,500+ developers worldwide, iTechArt equips companies with dedicated engineering teams and helps scale from Series A to unicorn status — contributing to $13B+ in acquisitions and 20+ IPOs. The company has also been ranked consecutively on the Inc. 5000 Fastest Growing Companies list since 2018, Financial Times America’s Fastest Growing Companies list since 2021, and many more.

The company’s objective with the new hub is to provide its high-caliber, fast-growing tech and start-up clients with the best and brightest of Lithuania’s talents. The services provided by iTechArt include web and mobile development, blockchain, DevOps, QA and testing, digital transformation, UI/UX design, consultancy and leadership across emerging technologies and such industries as fintech, health tech, e-commerce, e-learning, enterprise IT, and many others.

At the same time, Sapiens, an Israeli Insurtech company, has acquired Tia Technology, an insurance software developer that has been operating in Lithuania for nearly a decade. Having successfully completed the merger, Sapiens Lithuania is looking to add a range of IT specialists to its current team in Vilnius to power the company’s new regional strategic delivery hub.

Israel-headquartered Sapiens is an Insurtech market leader, providing insurance software solutions to such well-known brands as Generali, Gjensidige, Hiscox, LB Group, Codan, Storebrand, and Nationale Nederlanden. Backed by 40 years of industry expertise, Sapiens offers a complete insurance platform, with pre-integrated, low-code solutions and a cloud-first approach that accelerates the digital transformation of the company’s customers.

Sapiens’ new Lithuanian location was selected to host a strategic delivery center that covers IT Development, R&D, Consultancy, and Sales functions. The center will focus on developing and delivering Sapiens products and services to the company’s European clients.

Sapiens cites Lithuania’s rich professional talent pool as well as its strong Fintech presence and know-how among the most important factors that made the country the perfect fit for a delivery center.

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