Sold ‘Tet’ subsidiary – DELFI

Technology and Entertainment Company »Tethas decided to sell T2T to an international software company from Estonian “Pearls.” The deal was concluded on August 3, informs “Tet”. Pictured from left: Jāns Pillesārs and Juris Gulbis.

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T2T was founded in 1991 under the name Fortech, later becoming MicroLink Latvia. In 2005, the company was acquired by Lattelekom, and in 2006 its name was changed to Lattelecom Technology. The company has implemented several significant nationwide IT projects, which also ensured the transition of Latvia and Lithuania to the euro. In 2019, Lattelecom Technolog changed its name to T2T, presenting a new brand and vision for the company’s development. “T2T” customers include SIA “Tet”, AS “Passenger train“, Treasury, State Revenue Service, JSC “Gaso”, “Orkla Latvija” etc. “T2T” team has almost 100 employees, and in 2019 the company’s turnover was 6.5 million euros.

Chairman of the Board of Tet Juris Gulbis points out that Tet ‘s main strategic task for the coming years is to develop the company’ s core business and its ancillary services, to implement the company ‘s digital transformation process and to invest in the latest technologies. T2T, on the other hand, is a software solutions company that has been operating autonomously from Tet for some time and has the desire and potential to grow and develop by embarking on large international projects. A strategic shareholder in T2T will deliver faster growth. At the same time, Tet and T2T will maintain a close working relationship.

Helmes is an international software developer with approximately 800 employees and 28 years of experience in the industry. It is headquartered in Tallinn with regional offices in Minsk, Brest, Mumbai, San Diego and New York. Helmes ’customer portfolio includes leading telecommunications operators, banks, insurance companies, logistics corporations, government agencies, etc., such as Telia Company, Kühne + Nagel, Solera, ServiceChannel, the Organization for Economic Co-operation and Development (OECD) a citi.

“T2T is a good software solutions company with strong track record in large-scale projects and high growth potential,” said Jan Pillesar, Founder and CEO of Helmes (Jaan Pillesaar).

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