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Cobalt Advises Helmes on TeleSoftas Acquisition

Cobalt Advises Helmes on TeleSoftas Acquisition

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Cobalt has advised Helmes on its acquisition of Lithuanian software developer TeleSoftas.

"This deal establishes Helmes as one of the main digital innovation partners in all three Baltic states," Cobalt informed.

Helmes is a Tallinn-headquartered digital consultancy company offering technology strategy, service design, software development, and data management services. TeleSoftas is a Kaunas-headquartered software developer.

"We are excited to join forces with Helmes and exchange the best both companies have learned during decades of helping businesses and governments digitally transform," TeleSoftas Founder Algirdas Stonys commented. "It’s the great beginning of a strong collaboration between two powerhouses that will empower future partners to take a path in digital transformation."

The Cobalt team included Estonia-based Managing Associate Ott Aava and Associate Kerli Paasoja and Lithuania-based Managing Associate Deimante Pagiriene.