Helmes acquired a majority stake in the Lithuanian software engineering company TeleSoftas. This investment aligns with Helmes’s strategy to become the biggest digital innovation companies in the Baltic Sea region.
This deal, following the acquisition of Latvian T2T (now Helmes Latvia) in 2020, is another strong step in Helmes’s growth strategy.
Commenting on the deal, Andres Kaljo, Helmes partner and management board member, said that TeleSoftas is a growing company with a solid client base in Europe.
“We have a very similar company culture and value base with TeleSoftas – we both have an ingrained people-first approach to everything. We also appreciate their strong business model and focus on long-term collaboration both with employees and customers. We welcome the talented and ambitious people of TeleSoftas to Helmes, thanks to them we are able to grow our digital innovation services in all three Baltic states as well as other European regions.”
“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. It’s the great beginning of a strong collaboration between two powerhouses that will empower future partners to take a path in digital transformation.“ said Algirdas Stonys, founder of TeleSoftas. “As both organizations have a strong focus on employee happiness, we see eye to eye on many things, and I am thrilled to create a partnership with Helmes that will move mountains, I’m sure.“
About TeleSoftas
TeleSoftas has been successfully providing product engineering services for over 18 years. TeleSoftas is one of the biggest digital product engineering houses in Lithuania, headquartered in Kaunas with close to 300 employees in Lithuania. Their long-term customers are companies like Stage, Viavi, Kurt König, TV 2 Denmark, and Tele2.
About Helmes
Helmes is an international digital innovation partner headquartered in Tallinn, whose major customers are global organizations and multinational companies, for example, the OECD, CERN, Airbus, Kühne+Nagel, SEB, Telia Company, Solera, ServiceChannel.
Now the Helmes Group employs ca 1400 people.
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