Sapiens, an Israeli Insurtech company, has acquired Tia Technology, an insurance software developer that has been operating in Lithuania for nearly a decade. Having successfully completed the merger, Sapiens Lithuania is looking to add a range of IT specialists to its current 130-strong team in Vilnius to power the company’s new regional strategic delivery hub.
Israel-headquartered Sapiens is an Insurtech market leader, providing insurance software solutions to such well-known brands as Generali, Gjensidige, Hiscox, LB Group, Codan, Storebrand, and Nationale Nederlanden. Backed by 40 years of industry expertise, Sapiens offers a complete insurance platform, with pre-integrated, low-code solutions and a cloud-first approach that accelerates the digital transformation of the company’s customers.
Sapiens’ new Lithuanian location was selected to host a strategic delivery centre that covers IT Development, R&D, Consultancy and Sales functions. The centre will focus on developing and delivering Sapiens products and services to the company’s European clients.
“Sapiens is always looking for both organic growth and acquisition opportunities to sustain our long-term growth and presence in the market,” Simonas Garliauskas, Professional Services Executive at Sapiens Lithuania, explains. “For Sapiens, a local Lithuanian office brings in specialised talent, better service, greater reach, and proximity to our customers.”
Sapiens cites Lithuania’s rich professional talent pool as well as strong Fintech presence and know-how among the most important factors that made the country the perfect fit for a delivery centre. Focusing on sustainable expansion of its team in Vilnius, Sapiens has grown from 85 employees at the beginning of the year to 131 currently. The company aims to maintain the same hiring pace until the end of the year.
Employing nearly 5000 employees globally, Sapiens expects to hire a wide range of tech professionals for its Lithuanian centre. The company is looking for DevOps, IT analysts and consultants, QA specialists, and Developers (Java, React, Oracle).
“We mainly focus on actual experience and ambition to grow and improve. New employees can expect a diverse company with an open culture, interesting global projects, plenty of opportunities for internal mobility across roles and locations, and a comprehensive onboarding process with dedicated learning programmes from the Sapiens academy”, according to Simonas Garliauskas.
Elijus Čivilis, General Manager at Invest Lithuania, observes that in Lithuania, Sapiens is joining a growing community of innovative companies that operate between finance, insurance and tech.
“While Insurtech is one of the strategic directions of Fintech in Lithuania, it has so far played a relatively minor role in the country’s Fintech landscape. The fact that an established, global player like Sapiens chose Vilnius for a delivery hub is a great sign that the local investment climate is favourable for the development of Insurtech sector in Lithuania.”