Cobalt has advised Estonian software company Helmes AS on its launch of an option program that will enable 70 of its employees to become shareholders of the company. Within the framework of the option program, 12 percent of the company’s shares will be distributed among employees on favorable conditions.
Andres Kaljo, Helmes’ Partner and CFO, says “employees are the most important asset of a software company and stock options are an additional means for giving momentum to cooperation between individuals and the company.”
Helmes is an international software house headquartered in Tallinn, with clients across Europe and development centers in Estonia and Belarus.
The Cobalt team consisted of Partner Egon Talur and Senior Associate Tonu Kolts.