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Sorainen Advises Harbortouch on Vilnius Office

Sorainen Advises Harbortouch on Vilnius Office

Lithuania
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Sorainen has advised Harbortouch, a provider of touch-screen point-of-sale (POS) systems and payment services in the USA, on its launch of operations in Vilnius.

According to Sorainen, a Harbortouch product creation and development unit in Vilnius is to employ 80-90 people over the next few years; plans also involve establishing a global call center in the Vilnius office.

According to Jared Isaacman, founder and CEO of Harbortouch, Vilnius was chosen due to its well-developed infrastructure and technology penetration. A significant talent pool in Vilnius plus positive feedback from other US investors were also important factors in the decision-making process.

Founded in 1999, Harbortouch currently serves around 300,000 businesses and is one of the largest providers of payment solutions in the USA, processing some USD 10.5 billion annually.

The Sorainen team was led by Partner Sergej Butov, who commented: “In assisting technologically advanced companies such as Harbortouch to enter the Lithuanian market we serve our core purpose – increasing prosperity in the Baltic States and Belarus by helping clients succeed in business. We are delighted that our efforts to provide a high quality service and improve the legal environment for business are showing results.”

Butov was assisted by Sorainen Senior Associate Evaldas Dudonis and Associate Laura Matuizaite.

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We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

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