Type
Business expansion
Country
Lithuania
Region
Lietuva; Vilniaus apskritis;
Location of affected unit(s)
Vilnius
Sector
Information / Communication
Computer Programming, Consultancy And Related Activities
Computer Programming, Consultancy And Related Activities
62.0 - Computer programming, consultancy and related activities

174 jobs
Number of planned job creations
Job creation
Announcement Date
3 June 2022
Employment effect (start)
3 June 2022
Foreseen end date
31 December 2024

Description

The US software development company Coherent Solutions is to create around 174 new jobs in Vilnius by December 2024. On 3 June 2022, the company officially opened a full-scale software development centre in Vilnius which employs 126 employees. The centre in Vilnius will host cross-functional software teams. Coherent Solutions plans to invest more than ‚ā¨6.5 million in Lithuania and will increase the number of employees in Vilnius to 300 over the next three years.

Coherent Solutions is a custom software development company providing custom software products and consulting services. The company has more than 1,400 employees working in its headquarters in Minneapolis as well as in its European offices in Sofia and Minsk, and Brest. The company started its operations in Vilnius in December 2020.


Sources

Citation

Eurofound (2022), Coherent Solutions, Business expansion in Lithuania, factsheet number 107253, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/107253.