Cobalt has advised Workday, Inc. on Latvian issues related to its cross-border acquisition of online procurement platform Scout RFP. The sellers were advised by Sorainen.
Workday, Inc. is an on‑demand (cloud-based) financial management and human capital management software vendor. It was founded by David Duffield, founder and former CEO of enterprise resource planning company PeopleSoft.
Cobalt's team included Managing Partner Lauris Liepa, Partners Ingrida Kariņa-Berziņa, Sandija Novicka and Toms Sulmanis, Senior Associate Kristine Patmalniece, and Associates Agnese Gerharde, Anna Vladimirova-Kryukova, Marija Berdova, Ilze Bukaldere, Ivo Maskalans and Lauris Zvirbulis.
Sorainen's team was led by Latvia Managing Partner Eva Berlaus.