Cobalt has advised Latvian IT company Tilde on the sale of Jumis Pro, its accounting and business management system business, to Nordic IT company Visma. Sorainen advised Visma on the deal.
According to Cobalt, “Jumis Pro is a provider of Tildes Jumis, a suite of accounting and business management systems, used by more than 10,000 small and medium-sized enterprises in Latvia, including accounting service providers. Jumis Pro was formed as an independent company in August 2020 after separating from SIA Tilde, and it will continue to operate as a separate entity within Visma.”
Cobalt’s team was led by Managing Partner Lauris Liepa and included Partner Sandija Novicka and Associates Marija Berdova and Janis Sarans.
Sorainen's team in Latvia included Managing Partner Eva Berlaus and Senior Associate Renate Purvinska.
