EMCC European Monitoring Centre on Change

Visma Lietuva

Company/Organisation:
Visma Lietuva

Geographic Location

Country: Lithuania
Region: Vilniaus apskritis; Lietuva
Location of affected unit(s): Vilnius

Company

Sector: Information / communication
IT and other information services
62.0 - Computer programming, consultancy and related activities
Number Employed: 318
Group: Visma Group

Employment Effects

Announcement Date: 12-06-2018
Type of Restructuring: Business expansion
Employment Effect Start: 12-06-2018
Foreseen End Date: 31-12-2018
Planned Job Creation: 50

Additional Information

Norwegian business software and services provider Visma intends to create at least 50 new jobs in its Vilnius software development unit Visma Lietuva by the end of 2018. Currently the company employs 318 employees. Visma Lietuva was set up in 2011 and was assigned the function of a low-cost development centre by the parent company in 2012.

Visma Lietuva belongs to Visma Group which has recently signed a letter of intent to acquire 100% of the shares of Dutch HR software company Raet. Visma Group has 6,700 employees and its net revenue amounted to €985 million in 2017.