Company News

Bright Purple sees brighter future in Lithuania

Bright Purple, the high-growth IT and financial services recruitment specialist, is to target eastern and northern European markets from a new office in the Lithuanian capital Vilnius.

The expansion follows last year's opening of Bright Purple's first international office in Singapore, the first stage in an internationalisation drive claimed as crucial to the firm's ambition to become a £100 million-turnover company. Last year Bright Purple near-doubled its turnover to £37m.

Opening tomorrow, the new Lithuania office is headed by Egle Belzute, a former senior project manager from the enterprise company, Invest Lithuania.

Chief executive Nick Price said: "There are some great early-stage opportunities in this part of northern Europe, where a number of these economies are developing more quickly than in other parts of Europe. Russia is one of the BRIC countries where there are many opportunities for a business like ours.

"It's a tough market but we are aiming to find new routes for revenue through international expansion in areas like southeast Asia and now in mainland Europe and Scandinavia.

"It's the same reason why we're in Singapore, because from there Australia, Malaysia and Indonesia are all on our shoulder. Like Lithuania, it's a very strategic position"

Bright Purple was introduced to Lithuania by CCB, a Scottish firm which helps international companies which want to enter the Baltic States and through them other northern and eastern European markets. The firm also help companies from the Baltic States seeking to invest in the UK market.

Bright Purple Resourcing specialises in placing specialist IT and financial services talent for blue-chip organisations, SMEs and start-ups. Founded in 1995, the firm has offices in Edinburgh and London as well as Singapore and Vilnius.

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Herald Scotland