ASHBURN International Recognized As the Best Exporter of the Year

Every year, the Lithuanian Business Confederation organizes the Year’s prestigious contest Service (Metų paslauga) among innovative business and science leaders. The award aims to encourage Lithuanian companies to create competitive, high-value-added services that meet today’s market and consumer needs.

Winners in 12 nominations were announced at the award ceremony. ASHBURN International, a member of the Penki Kontinentai group, has been recognized as the year’s best export company.

The jury evaluated the projects for implementing a software solution for transaction routing and payment terminal network managing TransLink.iQ in international markets. Special recognition was awarded to Uzbekistan’s project: the solution integration at the Common Republican Processing Center, which serves 250,000 EFTPOS terminals’ financial transactions and provides services to 29 banks in the country.

“Product development requires special knowledge, especially when the field is rather narrow, and the service existence is not all. Today we received the award as a recognition of our success and active sales abroad. Our company is a reliable partner. Large foreign enterprises, banks, processing centers trust us with their infrastructure. I am proud of the team and that the result of our joint work was highly appreciated,” says the ASHBURN International CEO Žoržas Šarafanovičius.

TransLink.iQ, which is widely used in Baltic countries and abroad, received the gold medal of the annual Lithuanian Product of the Year competition (Lietuvos metų gaminys) the Lithuanian Industrialists’ Confederation. According to the developers, TransLink.iQ is an innovation of today and tomorrow, which can be adapted to any country’s financial market needs.

“Innovation, of course, plays a special role. They move the world forward. In the XXI century, when supply creates demand, we integrate new products into our daily lives. That is why the Lithuanian Business Confederation seeks to inspire innovation. It is gratifying that every year new products and ideas appear in Lithuania. We can sell them abroad, so, according to prof. A. Bumelis, Lithuanian business has a bright future,” says Valdas Sutkus, President of the Lithuanian Business Confederation.

This is not the first award of the Lithuanian Business Confederation received by the Penki Kontinentai group. Last year, the winner in the same category was a banking technology company Penkių kontinentų bankinės technologijos (BS/2) with its own АТМеуе.iQ security solution.