Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The US company Devbridge LT, specialised in software development, intends to create at least 200 new jobs in Vilnius by the end of 2025.
According to the management, Devbridge LT is growing on average by 30% annually, and since the start of the COVID-19 pandemic demand for digitised solutions has increased. Currently the company employs 417 employees and plans to move to a new office in 2022.
Devbridge is the US software developer creating innovative custom digital products for their clients in the financial services, manufacturing, and technology sectors. Headquartered in Chicago, the company employs more than 500 employees at five global offices in four countries. It has branches in Chicago, Toronto, Kaunas, Vilnius, Klaipėda and London. Devbridge LT has been operating in Lithuania since 2011, when it established its first office in Kaunas.
Eurofound (2020), Devbridge LT, Business expansion in Lithuania, factsheet number 102752, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102752.