Ltd „Cherry Servers“ is working on „Innovative services development“ project which main goal is to offer innovative services to their clients. Worn out and older server equipment will be transformed and renewed throughout the project stage. This will ensure better quality of services and allow to offer new products, which will increase company's competitiveness in the market. The project is partly financed by European Regional Development Fund's programs „Small and medium business competition promoting“ and „Regio Invest LT+“ (03.3.1-LVPA-K-803) as per 2014-2020 programs 3rd priority. 330 005,67 EUR have been assigned for this project. This constitutes 43.97% of the whole project budget. The project is estimated to be completed until 31st of December, 2019.