From local to global: how Lithuanian innovation company NFQ made its way to success
This miniseries of articles is aimed to unveil the vast expertise of Lithuanian IT companies, which stand out with proven leading IT solutions globally, are known and appreciated co-creators in the international IT market. This one is NFQ.
Founded in 2002, NFQ Technologies is a partner of digital transformation and digital innovation that defines business success. 800+ thinkers and software engineers in Europe and Asia behind novel processes, business models, MVPs and IPOs.
They build technologies and, most importantly, make decisions for companies that are changing the world in areas such as travel, e-commerce, mobility, omnichannel and logistics. Some of them went on to become unicorns. Partners like HomeToGo, KAYAK, Rocket Internet, home24, InterNations, Atlantic Express Corp., Alaiko, Weezy and many others rely on their 20 years of know-how in large-scale web and mobile solutions.
NFQ`s job is to bring value to their customer businesses. And so, as true partners, they always provide insights and guidance on all other important bits and pieces such as UX, UI, CRO, business strategy and future scalability. According to NFQ, experience and flexibility are most valuable where delivery is iterative, decisions are fast, and goals are big.
“Thanks to our Work from Anywhere model, geography is no longer a barrier to success. Whoever has the best IT talent – not only IT solution implementers, but also designers, technology infrastructure developers, and visionaries – that’s where we want to be. As an organisation, we are flexible and ambitious when it comes to growth and development,” NFQ’s CEO Paulius Insoda said.
NFQ Technologies currently has offices in Lithuania, Germany, Poland, Vietnam, and Singapore.
Lithuania’s life sciences sector has been rising to prominence internationally for the past decade. Boosted by world-leading biotechnology research and strong educational institutions that supply businesses with top-notch talent, the sector is accelerating faster than almost anywhere else in Europe. Growing by a record 87% in 2020, Lithuania’s robust life sciences ecosystem, which includes both established players and up-and-coming startups, contributes an impressive 2.5% to Lithuania‘s GDP.
Lithuania’s global leadership in laser technologies might be surprising, given the modest size of the country. But with more than half a century of expertise behind it, the Lithuanian laser industry is a major league player in both scientific and industrial laser technologies. Providing solutions for the likes of NASA and IBM, Lithuania’s laser specialists continue to push the scientific frontier and generate the sector’s impressive growth year after year. What is the secret behind this success?