Italian I.T firm Valuetech plans to open in Lithuania, creating jobs in its wake.
The company initially plans to recruit 10 highly skilled IT professionals, who will work on further developing products created in Italy for the company's largest customers.
Giampiero Costantini, a partner at Valuetech, said the firm planned the expansion after being impressed with the quality of work performed by Lithuanian Erasmus students.
"We have been discussing the idea of expansion for several years. Our company takes on Lithuanian students as part of their practical experience in the Erasmus programme, and so we have got to know them and have found that their level of training is very high,"said Constantini.
"They learn quickly and almost all speak perfect English. This experience led us to think about investing in Lithuania and using Lithuanian competencies to consolidate our positions in other European countries.
"However, the final decision was made in 2013 after a visit to the Silicon Valley to the Baltics and ICT 2013 events. We saw that Lithuania can offer not only good employees, but also highly developed IT infrastructure and a transparent tax system. Finally, Invest Lithuania and our private partners made a great contribution to project, helping to ensure a smooth start to the business."
Valuetech is part of the TRIM company group, which was founded in 1999 and currently provides software and IT services to customers such as Fiat Group, Iveco, IBM, CapGemini, KPMG and Ferrero.