Go to deals
TMT

Helmes has acquired Lithuanian software developer TeleSoftas

International digital innovation company Helmes has acquired a 70% stake in Lithuanian software engineering firm TeleSoftas. The investment aligns with Helmes’ strategy to become the largest digital innovation company in the Baltic Sea region.

Helmes, headquartered in Estonia, is one of the largest software development outsourcing companies in Northern Europe. It offers tech strategy, service design, software development, mobile app developmentn and data management, focusing on real business growth. Its major customers are global organizations and multinational companies such as OECD, CERN, Airbus, Kühne+Nagel, SEB, Telia Company, Solera, and ServiceChannel. The Helmes group has approximately 1,500 employees. Although it is one of the major employers in the Estonian software sector, more than three quarters of its staff live and work elsewhere.

Headquartered in Kaunas, Lithuania, TeleSoftas has been successfully providing product engineering services for over 18 years. With 300 employees, TeleSoftas is one of the largest digital product engineering companies in the country. Its long-term customers include companies such as Stage, Viavi, Kurt König, TV2 Denmark and Tele2.

Oaklins’ team in Lithuania acted as buy-side advisor to Helmes, searching for acquisition targets of software development companies and throughout the acquisition process.

Parties

Talk to the deal team

 Martynas  Visockas

Martynas Visockas

Partner
Vilnius, Lithuania
Oaklins Baltics

Related deals

Conzylum has been acquired by EPAM Systems, Inc.
TMT

Conzylum has been acquired by EPAM Systems, Inc.

Conzylum has ben sold to EPAM Systems, Inc. (EPAM).

Learn more
Cara Care has been acquired by Mahana Therapeutics
Private Equity | Healthcare | TMT

Cara Care has been acquired by Mahana Therapeutics

Mahana Therapeutics Inc., renowned for its pioneering digital treatments targeting chronic health issues, has recently finalized the acquisition of Cara Care (HiDoc Technologies GmbH). Cara Care stands out as a premier digital health platform and an official digital health application (DiGA) dedicated to enhancing gut health. This acquisition, supported by key investors Lux Capital and Jazz Ventures Partners, perfectly aligns with Mahana’s expansion strategy.

Learn more
Digital Mind expands its reach with acquisition of EIP Dynamics
Private Equity | TMT

Digital Mind expands its reach with acquisition of EIP Dynamics

Digital Mind, a leader in business process digitalization for large and mid-sized organizations in the Baltic states, has acquired EIP Dynamics, a prominent Microsoft Enterprise Resource Planning (ERP) solution provider based in Poland. EIP Dynamics is recognized for serving some of the largest companies both within Poland and internationally. This acquisition is a significant step for Digital Mind in expanding its market presence and capabilities.

Learn more