By Staff Reporter

An Irishman has won a lucrative contract in Lithuania with his Dublin-based tendering solutions provider.

TenderScout, an Enterprise Ireland-backed start-up, signed a €200,000 annual revenue contract with Enterprise Lithuania to support the country’s SME sector in going after international business.

The software as a service (SAAS) platform which offers end-to-end support to businesses competing for public tender opportunities across the world was founded by the company’s CEO Tony Corrigan.

Roll-out will see 40 Lithuanian SME supported in discovering new business opportunities abroad by tapping into a global public procurement market worth €11trn, the company said in a statement.

“Already three new jobs have been created in the TenderScout Dublin office in support of the east European programme,” it added.

Corrigan said his company hopes that the initial 12-month commitment will translate into an ongoing initiative for the Lithuanian business development agency.

“Our brief is to educate, prepare and support them in securing international tender opportunities,” he said.

TenderScout said the contract is a huge boost to its continued development, adding that its clients in Ireland are achieving success rates of over 50 per cent, and as high as 90 per cent in some cases.

The company said its platform, which is currently used daily by over 100 companies, started with 24 clients in 2016.

“Essentially, we simplify government contracting opportunities for small and medium businesses, saving them time trawling through tender alert lists and figuring out their likelihood of winning the contract,” Corrigan said

TenderScout customers pay annual subscriptions ranging from €12,000 to €200,000 to access the company’s portal and associated services.