IO projects

What IO projects does

IO projects (UAB "IO projects") is a privately held Lithuanian ICT consulting firm founded in 2009 and headquartered in Vilnius. The company provides professional services across the digital transformation lifecycle for public sector clients, including feasibility studies, business process reengineering using BPMN and UML, software requirements engineering grounded in BABOK and SWEBOK, software quality assurance aligned with ISO 25010/14598-5, and IT audit and governance using COBIT and ISACA frameworks. Its team of approximately 12 specialists holds a dense stack of international certifications (CISSP, CISA, CGEIT, OCEB, OCUP, ISTQB, BCS, CompTIA) and has delivered more than 77 projects and 427 digital services over 15+ years, primarily to Lithuanian government ministries, courts, and agencies.

The firm has expanded its service portfolio into applied AI, notably developing a neural-network-based P2P loan credit scoring platform with UAB Synergy Finance and an AI-powered customs value risk assessment system for the Lithuanian Customs Department. It also contributed to the Lithuanian Language Resources Information System (LKIIS), including a semantic word network component. These AI capabilities are delivered as bespoke client solutions rather than as packaged products.

IO projects generates revenue through competitive public procurement contracts with Lithuanian government entities, supplemented by direct consulting engagements (notably with UAB Synergy Finance in the financial sector). The company has no disclosed external investors, no parent organization, and is partner-owned, led by managing partners Mindaugas Aputis, Neringa Račkauskaitė, and Žydrūnas Skardžius. Marketing is minimal, relying on its project portfolio, team credentials, and an EU-funded employee skills development program (EUR 11,200) launched in August 2024.

Name

IO projects

Legal name

UAB "IO projects"

Website

https://ioprojects.lt

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

IO projects is a Vilnius-based ICT consulting firm that delivers feasibility studies, business process reengineering, software requirements engineering, QA, and IT audit services primarily to Lithuanian government ministries and agencies, supplemented by applied AI solutions in customs risk and credit scoring.

Ownership category

akta.pro rank

Product category

IT Consulting Services

NAICS

Computer Systems Design and Related Services (54151), Management Consulting Services (54161), Testing Laboratories and Services (54138)

SIC

Services-Computer Programming Services (7371), Services-Management Consulting Services (8742)

akta.pro primary industry

Enterprise Architecture & Technology Roadmapping (BPAEAAAC)

akta.pro secondary industries

Enterprise Architecture & IT Operating Model (BPAHAEAB), iBPMS (Intelligent BPM Suites) & Process Automation Suites (HDAEAHAG), Enterprise Application Lifecycle Management (ALM) Platforms (HDAEAKAJ)

Keywords

• ICT consulting services
• Digital transformation consulting
• Software requirements engineering
• IT governance consulting
• Public sector modernization

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Professional Services: IO Projects generates revenue through consulting services including feasibility studies, business process engineering, software requirements engineering, quality assurance services, and IT audit and governance. Revenue is generated through government procurement contracts and direct consulting engagements.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

UAB "IO projects" provides ICT consulting services to Lithuanian government and public sector institutions, covering the full project lifecycle: feasibility studies and analysis, business process and software requirements engineering (using BPMN, UML, BABOK, and SWEBOK standards), software quality assurance (testing, UX, penetration, stress), and IT audit and governance (COBIT, ISACA frameworks). The company has also delivered AI-enabled solutions such as customs value risk assessment and P2P loan credit scoring platforms for individual clients.

Product overview

IO projects is an IT consulting company offering a portfolio of professional services rather than a unified software product. The core service offerings include: (1) Feasibility Study and Analysis for project initiation, (2) Business Process and Software Requirements Engineering using BPMN, UML, BABOK, and SWEBOK methodologies, (3) Software Quality Assurance Services including testing and compliance verification, and (4) IT Audit and Governance Services using CobiT and ISACA frameworks. The company has delivered over 20 major client projects in Lithuania's public sector, including government information systems such as the Courts Information System LITEKO, E-Health System, Central Public Procurement Information System (SAULĖ IS), and various AI-enabled solutions including the AI-Powered Customs Value Risk Assessment Solution and AI-Driven P2P Loan Credit Assessment Platform. These projects are distinct client engagements, not modular components of a single product platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Feasibility Study and Analysis Project initiation service covering feasibility analysis, business challenge identification, digital transformation potential assessment, alternative strategy evaluation, TOC, ROI, and financial indicator analysis, plus EU funding documentation support. For organizations evaluating new IT initiatives.
• Business Process and Software Requirements Engineering Service encompassing business process optimization using BPMN notation and software requirements engineering using internationally recognized methods including UML, BABOK, and SWEBOK standards. For IT project sponsors requiring process and requirements definition.
• Software Quality Assurance Services Comprehensive software testing, UX testing, penetration and stress testing, source code analysis, compliance verification, and project management aligned with ISO 25010 and 14598-5 standards. For organizations requiring independent software quality oversight.
• IT Audit and Governance Services IT audit, compliance assessment, risk assessment and management, and digital strategy development using Cobit methodology and best practices including QAI, CobiT, PMBOK, and ISACA frameworks. For organizations needing independent IT governance and audit support.

Quantifiable outcome

• 77+ digital transformation projects implemented
• +3 more outcomes

Named customers16 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature3 records

Partnerships

One partnership is on record.

• UAB Synergy FinancecoreStrategic or Co-development Partner · 1 January 2021IO Projects partnered with Synergy Finance (investment banking company) to implement R&D project 'Alternative financing market loan risk assessment model'. Within this project, they developed an AI-powered platform for P2P loan creditworthiness assessment using neural networks and RPA systems for automated data collection and investment actions.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Tieto (Tietoevry): Large Nordic-headquartered IT services and consulting firm with extensive public-sector and government digital transformation practices across the Nordics and Baltics. Directly comparable as a competitor for Lithuanian government IT modernization tenders.
• CGI Group: Global IT consulting and systems integration firm with a strong European government and public-sector practice. Competes for the same large-scale Lithuanian and EU government modernization programs.
• Accenture: Global professional services firm whose public-service practice explicitly competes in Lithuanian and EU government digital transformation, and which IO Projects itself benchmarks itself against.
• Sopra Steria: European IT services group with a dedicated public-sector vertical delivering digital transformation, BPM, and systems integration for government clients — directly competing for similar EU tenders.
• Cognizant: Global IT services firm with strong public-sector, consulting, and AI/analytics practices; competes for the same enterprise and government digital transformation and modernization mandates.

Direct peers

• Devbridge (Cognizant Softvision): Lithuanian-origin IT consulting and software development firm with a comparable mix of enterprise digital transformation, requirements engineering, and delivery for international and regional clients.
• Wavestone: European consulting firm specializing in digital transformation, IT governance, and cybersecurity advisory — highly comparable in methodology (COBIT, ISO) and in serving regulated public-sector clients.
• Blue Bridge (Lithuania): Lithuanian IT services and consulting firm serving government and enterprise clients with digital transformation and systems integration — a direct domestic competitor for the same Lithuanian public-sector tenders.
• Elsis (Elsis TS): Lithuanian-headquartered IT solutions and services provider delivering software development and systems integration to public-sector and enterprise clients in Lithuania and the wider EU.

Regional players

• Atea: Nordic IT infrastructure and services provider serving public-sector clients across the Nordics and Baltics, overlapping with IO Projects' IT governance, procurement advisory, and digital transformation work.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/ioprojects
• LinkedInlinkedin.com/company/uab-io-projects-

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IO projects