US Harbortouch launches operations in Vilnius

VILNIUS - Harbortouch, a US point-of-sale (POS) solutions provider founded by millionaire Jared Isaacman, on Tuesday launched operations in Lithuania as it inaugurated its new office in Vilnius.

The company says that this is its first unit outside the US market in which it develops Harbortouch product design and development functions and establishes a global call center.

"I started in my parents' basement and now we have opened our first international unit. So, this is all very intense now," Isaacman said during the inauguration ceremony.

The initial plan was to employ 60 people in the Vilnius unit in the first year of operation, but the company is now considering expanding the office up to 90 jobs, he said.

Founded in 1999, Harbortouch currently serves around 300,000 merchants and processes some 10.5 billion US dollars annually. The company posted about 280 million euros in revenue for 2015 and currently employs some 400 people.

Six US foreign direct investment projects were implemented in Lithuania last year. The total US investments in Lithuania amounted to 223.05 million euros at the end of the third quarter of 2016.