Sorainen advised Harbortouch, a major provider of touch-screen point-of-sale (POS) systems and payment services in the USA, on launching operations in Vilnius. A product creation and development unit in Vilnius is to employ 80-90 people over the next few years; plans also involve establishing a global call centre in the Vilnius office.
According to Jared Isaacman, founder and CEO of Harbortouch, Vilnius was chosen due to its well-developed infrastructure and technology penetration. A significant talent pool in Vilnius plus positive feedback from other US investors were also important factors in the decision-making process.
Founded in 1999, Harbortouch currently serves around 300,000 businesses and is one of the biggest providers of payment solutions in the USA. It processes some USD 10.5 billion annually.
Comments Sorainen partner Sergej Butov: “In assisting technologically advanced companies such as Harbortouch to enter the Lithuanian market we serve our core purpose – increasing prosperity in the Baltic States and Belarus by helping clients succeed in business. We are delighted that our efforts to provide a high quality service and improve the legal environment for business are showing results.”
Sorainen advised Harbortouch on all issues related to launching operations in Vilnius. The Sorainen team included partner Sergej Butov, senior associate Evaldas Dûdonis, legal assistant Laura Matuizaitë and others.