Sintecs, a reputed Dutch electronics design company decided to open a R&D base in Vilnius. The company is looking to hire a developed engineering team that would allow delivering complex technical projects using in-house capacity. Before establishing Sintecs in 2000, its founder Hans Klos had worked as a consultant and analyst of high-speed electronic products, amassing a wealth of experience cooperating with European electronics giants such as Alcatel, ASML, Ericsson, Lucent Technologies, Motorola, Philips, Siemens, TI, and others. As the founder’s area of expertise was signal integrity, the company’s name, Sintecs, stands for Signal Integrity Consultancy Services. Mor... More

Having obtained an Electronic Money Institution licence, financial technology start-up Stanhope Financial is opening an office in Vilnius to serve clients in EU. Stanhope Financial is a tier one banking services provider targeting small and medium sized business on a global scale. The company raised $3.5M in its first funding round in November for global expansion offering a suite of specialist services, including FX payments, treasury services and access to financing. In Lithuania, Stanhope Financial will continue developing the product part and serve SME’s in EU. More: https://investlithuania.com/news/after-raising-35m-stanhope-financial-opens-eu-headquarters-in-lithuania/ ... More

Cureline, a US-based provider of human biospecimens (HBS) to the global biomedical research community, is establishing a clinical operations and research team in Lithuania. The team will be comprised of MS and PhD level research and medical professionals and is set to begin operations in early 2021. Cureline’s presence adds to the continually growing community of US companies in Lithuania’s Life Sciences ecosystem. Operating out of its central biorepository and two laboratories in California, Cureline provides human tissue specimens for therapeutic and diagnostic R&D around the globe. Its partners include world leading pharmaceutical companies in the US, Europe, Korea a... More

In search of new countries for development, Godel Technologies, a 18-year-old UK information technology company based in Minsk, Belarus, has approached Invest Lithuania. Within a few months of reconciling all investor needs, it has been decided to open an office in Vilnius in the business center 135 in Žalgirio street. Godel Technologies, which has 6 development centres across Belarus, starting from 2002 and has been growing rapidly in recent years, has decided to expand to countries near Belarus this year. All divisions of the company currently employs over 1,200 people to develop unique software for customers across Europe. More: https://investlithuania.com/news/belarus-based-it-com... More

Coherent Solutions, a US-based software development company, has announced plans to establish a full-scale software development centre in Vilnius, Lithuania. The company expects to hire at least 100 specialists over the next three years. Headquartered in Minneapolis, Coherent Solutions is an American company with Belarussian roots. Founded in 1995 by Minsk-born Igor Epshteyn, the company has self-funded its steady growth, averaging a 25% annual increase in revenue over the last 15 years. Today, Coherent Solutions has more than 1400 employees across offices in the US, Belarus and Bulgaria. More: https://investlithuania.com/news/global-software-developer-coherent-solutions-branches-out-t... More