Walless has advised Estonian software company Nortal on its acquisition of a 19% stake in cybersecurity start-up Talgen. Sorainen advised Talgen's shareholders.
Nortal is a technology company with 18 field offices in the United States, Europe, the Middle East, and Africa. The company offers governments, healthcare institutions, and businesses data-driven business transformation.
Talgen, formerly known as GT Cyber Technologies, creates tools and services for institutional cybersecurity and the defense market.
"This is a strategic investment for the company to expand its leadership in the cybersecurity domain, which is highly valuable for Nortal’s existing and new customers," Nortal CEO Priit Alamae commented. "Governments and organizations globally need to be ready to tackle increasingly more complex cyber threats, so we see both a demand as well as an opportunity in this move."
"As cyber threats pose huge risks for all organizations, cybersecurity is listed among the top priorities and concerns for organizations’ leaders and boards," added Talgen CEO Martin Ruubel. "The losses organizations face from cyber incidents continue to increase – the latest estimates put the figure at USD 6 trillion globally, this year alone – so the significance of an organization’s ability to bounce back from a breach or malfunction becomes crucial."
The Walless team was led by Partner Rolan Jankelevitsh and Senior Associate Kaisa Uksik.
Sorainen’s team was led by Counsel Piret Lappert and included Partner Piret Jesse and Attorney-at-law Vladislav Leiri.