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.
