Altic IT Turnover More Than Doubled Last Year
In the press release, the company’s manager states that the growth was driven by innovative IT service solutions, successes in tenders held by Lithuanian businesses, and the growing interest in the possibilities of artificial intelligence implementation.
‘Smaller than others, but faster, more flexible and unique, bringing together the best in the field – that is how we are entering the new year. Last year was thoroughly successful – we have refined our operations and services, restructured our company, and ensured successful business procurements,’ says Marijus Strončikas, the CEO of Altic IT.
According to Strončikas, the portfolio of the company’s largest clients more than doubled last year.
Strončikas explains that last year was very significant for the company with the founding of the Artificial Intelligence and Performance Analysis Solutions Branch offering IT innovations. The Branch is already serving companies such as Exleasingcar, cargoGO Logistics, and other Lithuanian companies.
The CEO predicts that an increasing number of companies will be using artificial intelligence (AI), from those managing online stores to those dealing with large data streams in other activities.
Altic IT currently employs 24 IT and AI specialists in Lithuania, with their numbers having increased by nearly 50% since the beginning of the year. The company outsources some of its expertise from external EU markets. According to Strončikas, this business model enables extremely efficient project management and implementation across different situations and countries.
Altic IT Ltd is part of the Altic Group, which is a joint company group based in Lithuania and Sweden. The group also offers information technology (IT) support services, artificial intelligence (AI), data platforms, and business analytics services in Sweden. The group expects to achieve a turnover of € 5 million and create 40 new jobs within three years.
01 02 2022
