The joint venture – LITIT — built on previous collaborative successes of its parent companies, aims to transform the IT landscape of the DACH region through innovative solutions
March 22, 2024. NTT DATA, the Germany-based part of the NNT Group, and Reiz Tech, a Lithuanian end-to-end IT consultancy, are launching a new company called LITIT, which will provide strategic IT services for the DACH region. This joint venture builds on a successful three-year collaboration between the two companies.
With an official launch date of April 1, 2024, LITIT aims to provide IT consultancy, custom software development, and strategic support in Germany, Austria, and Switzerland, with a focus on the automotive, financial services, and logistics industries.
Featured in the photo (in order of appearance): Kaoru Shimuzu (Director at NTT DATA Europe & LATAM), Kristina Kikalienė (CEO at LITIT), Peter Broessler (NTT Data DACH VP Shoring & Partnering), Andreas Faber (CSO at LITIT), Ruediger Ernst (NTT Data DACH SVP), Ralf Malter (NTT Data DACH COO), Valdas Šimas (Reiz Tech CEO).
A fusion of cultural understanding and tech expertise
The launch of LITIT is motivated by a commitment to understanding and integrating the cultural nuances and business requirements unique to the DACH market. “The combination of NTT DATA’s global insights and Reiz Tech’s local expertise gives LITIT a distinctive edge,” says Kristina Kikalienė, the newly appointed CEO of LITIT and former Reiz Tech Key Account Manager.
“In Reiz Tech’s three-year collaboration with NTT, we found that our work cultures and ethics align closely. And our cooperation proved highly successful, as evident in the speed of delivery, responsiveness, and the quality of project outcomes,” Kikalienė says. “Moving forward, LITIT will be positioned to leverage the deep-rooted technological expertise and cultural strengths of its two parent companies.”
A commitment to talent development and growth
LITIT plans to significantly expand its workforce in the coming years, aiming to hire up to 100 specialists in its first year alone. Going forward, the initiative plans for further growth, continuing to scale its team up by several hundred employees by 2027. Embracing its parent companies’ focus, LITIT looks to prioritize diversity and provide a wealth of dynamic growth opportunities for its talent.
A core component of LITIT’s mission will be to foster talent and innovation within the IT community. The company is committed to collaborating with local educational institutions to nurture the next generation of IT professionals. This initiative is expected to contribute significantly to the already notable IT talent pool in Lithuania, ensuring a steady influx of skilled individuals prepared to excel and grow with the company.
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About LITIT
LITIT, a joint venture between NTT DATA and Reiz Tech, is a company with deep-rooted industry know-how, dedicated to innovation within the IT sector. Its primary focus is delivering high-quality solutions in the DACH region. With a commitment to excellence, LITIT is committed to providing unparalleled IT service and support to its clients.
