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StormGeo, the biggest global provider of decision support solutions and services for weather-sensitive operations for the oil and gas, wind energy and shipping industries, is establishing a product development office in Vilnius, the agency Invest Lithuania reports.
Investment
Investment
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The office will comprise specialists in IT, mathematical modelling and meteorology, who will be working on every stage of product development for the company, which counts Shell, Statoil, ExxonMobil, BP, EoN and Dong Energy amongst its clients.

StormGeo creates and develops software for the collection and systematisation of meteorological data. The Norway-headquartered company utilises this data to provide detailed weather forecasts and innovative decision support tools for weather-sensitive operations.

Kent Zehetner, the CEO of StormGeo, explained that Lithuania has the right conditions for the highly-specialised, technically-complex analysis the company does: "Lithuania distinguishes itself by its ability to provide both high quality services and top specialists fluent in English. The work culture is very similar to ours, and it is geographically close to our head office in Norway. Moreover, it is clear that Lithuania is increasingly focused on scientific research and R&D. We have received a lot of support on the national level, and have met a number of talented IT, mathematical modelling and meteorology specialists. The combination of all these conditions is very promising for a company such as StormGeo".

Mantas Katinas, general manager of Invest Lithuania - a foreign investment development agency - also believes Lithuania has significant potential for growth in R&D, thanks to its deep pool of highly-qualified specialists. And he notes that, whilst StormGeo is starting its activities in Lithuania with a small team of 6-8 researchers, this first step is already creating unique opportunities in Lithuania, and could lead to more.

"This company is unique because of its research activities, which demand extremely high competencies in the fields of IT, statistics, meteorology, and mathematical modelling. It is the first investor in Lithuania to look for specialists in these areas, and the presence of one of the largest companies globally in this sector means universities and researchers are keen to cooperate," Katinas said, Invest Lithuania reports.

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