What Telesoftas does

TeleSoftas, now operating as Helmes since 1 September 2024, is a Lithuania-origin professional services firm specializing in custom software development, digital transformation, and technology consulting. Founded in 2004 by students at Kaunas University of Technology, the firm has grown into part of the Helmes companies group with international headquarters in Tallinn, Estonia, and 1,500+ IT engineers described as one of Northern Europe's largest software development outsourcing providers. The firm serves 500+ enterprise clients across the Baltics, Poland, DACH, Nordics, MENA, and other global markets.

Core offerings span AI & Data Science (including AI Value Scan assessment and AI Agents), BI & Data Analytics delivered through Qlik, Jedox, Databricks, and Agile Data Engine partnerships, Digital Transformation consulting, Custom Software Development (with legacy modernization and agile delivery training sub-services), Secure Software & Cybersecurity, Mobile App Development, UX/UI Design, and Aurea/Atlassian enterprise platform services. Technology is delivered via agile teams operating across main development centers in Estonia, Lithuania, Latvia, and Poland, supported by offices in Germany, Switzerland, India, Nigeria, USA, and Uruguay.

The business model is enterprise B2B professional services with quote-based project pricing and personalized time-to-market assessments. Revenue streams consist of custom software development/consulting and technology consulting across AI, BI, digital transformation, and cybersecurity. Go-to-market relies on enterprise field sales with dedicated partners and business developers in Germany, Switzerland, Netherlands, Norway, Sweden, Finland, Poland, MENA, and the Baltics. Customer concentration is distributed across verticals including financial services (SEB, Aon, Blackstone), automotive (Ferrari, Cosworth), telecommunications (Tele2, Telia), logistics (CitySprint, Kuhne-Nagel), media (BBC Two, TV2), aerospace (Airbus), government (Registri-centras), and healthcare (Congenica). The firm holds ISO 27001, ISO 9001, and ISO 14001 certifications and reports a 70+ Net Promoter Score.

Name

Telesoftas

Legal name

Helmes

Website

https://telesoftas.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

101–250 employees

Short description

TeleSoftas, now operating as Helmes, is a Lithuania-origin enterprise software development and digital transformation consultancy serving 500+ organizations across the Baltics, Poland, DACH, Nordics, MENA, and global markets with 1,500+ IT engineers.

Ownership category

akta.pro rank

Headquarters

HQ city

Kaunas

HQ country

Lithuania

HQ region

Europe

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Custom Software Development & Consulting: Tailor-made services in strategy, service design, system integration, software and mobile app development. B2B outsourcing model serving international clients.
2. Technology Consulting Services: Services including AI & Data Science consulting, BI & Data Analytics, Digital Transformation consultancy, and Secure Software/Cybersecurity services

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Telesoftas (operating as Helmes) provides bespoke software engineering and technology consulting services to enterprise clients, covering AI & Data Science, BI & Data Analytics, Digital Transformation, Custom Software Development, Mobile App Development, UX/UI Design, and Secure Software & Cybersecurity. Engagements are delivered by agile teams of 1,500+ IT engineers across 20 office locations worldwide, using platforms such as Qlik, Jedox, Databricks, Agile Data Engine, Aurea, and Atlassian.

Product overview

Helmes (formerly TeleSoftas) is a comprehensive software development and consulting organization offering a unified portfolio of services rather than a single product. The offering spans AI & Data Science (including AI Value Scan, AI Agents), BI & Data Analytics (QLIK, Jedox, Databricks, ADE), Digital Transformation, Custom Software Development (with Software Value & Risk Assessment, Legacy Software, Agile Delivery Training), Secure Software & Cybersecurity, Quick Start services, Mobile App Development (with Mobile App Audit), and UX/UI Design. These services are delivered as consulting engagements across multiple technology platforms and partnerships (QLIK, Jedox, Databricks, Aurea, Atlassian), serving enterprises from startup to large-scale operations across the Baltics, Poland, and global markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Digital Transformation Services End-to-end digital transformation consulting to modernize business operations and technology systems, delivered to enterprises from startup to large corporations serving millions of users.
• AI & Data Science Services Comprehensive AI and data science consulting including AI value scan to identify opportunities and AI agents for automation and decision-making, delivered by one of the largest AI & data teams in the region.
• BI & Data Analytics Services Business intelligence and data analytics consulting including Qlik, Jedox, Databricks, and Agile Data Engine platform implementations for enterprise-scale analytics and data-driven decision making.
• Custom Software Development Tailored software development services including software value & risk assessment, legacy modernization, and agile delivery training, delivered by agile teams to international clients.
• Secure Software & Cybersecurity Services Security-first software development and cybersecurity consulting to protect digital assets and ensure compliance, supported by ISO 27001 certification.
• Mobile App Development Native and cross-platform mobile application development services for iOS and Android platforms, including mobile app audit for quality, security, performance, and user experience.
• UX/UI Design (Helmes Design) Service design and user experience/user interface design services for digital products, led by a dedicated design team within the Helmes group.
• Consultancy Services Strategic technology consulting services guiding digital transformation and technology investments for enterprises.
• Quick Start Services Accelerated onboarding and project initiation services enabling rapid technology deployment for enterprise clients.
• AI Value Scan Assessment service to evaluate and identify AI implementation opportunities and potential business value for enterprises.
• AI Agents AI-powered autonomous agents designed for automation and intelligent decision-making across enterprise business processes.

Named customers19 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• QlikcoreTechnology or IntegrationOfficial Qlik partner providing BI & Data Analytics services, helping clients build data-driven decision making ecosystems with Qlik and PowerBI.
• JedoxcoreTechnology or IntegrationOfficial Jedox partner specializing in planning and budgeting solutions, helping clients design and implement integrated budgeting & planning systems.
• DatabrickscoreTechnology or IntegrationOfficial Databricks consulting partner providing enterprise-scale data analytics and AI solutions.
• Agile Data EnginecoreTechnology or IntegrationPartnership to empower data products and solutions at enterprise scale through agile data engineering.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• TietoEVRY: Nordic-headquartered IT services and software firm offering custom software development, digital transformation, and managed services. Most comparable European regional peer given similar customer base (Nordic/Baltic enterprises) and service portfolio overlap.
• EPAM Systems: Global digital engineering and custom software development firm with significant Eastern European delivery. Closest publicly-traded comparable for product engineering, digital transformation, and AI/data services at scale.
• GlobalLogic: Digital product engineering services firm with strong Eastern European presence. Direct competitor in custom software development, AI/ML engineering, and enterprise digital transformation for global enterprises.
• Intellias: Ukrainian-origin IT services firm with delivery centers across Eastern Europe, offering custom software development, digital transformation, and consulting. Closely comparable in size, geography, and service mix.
• N-iX: Eastern European IT services company with Ukrainian and Polish delivery centers providing custom software development, data analytics, and cloud/AI services. Comparable in scale and European enterprise customer focus.
• DataArt: Global custom software development and consulting firm with Eastern European engineering hubs. Direct competitor across financial services, healthcare, and media verticals served by Telesoftas.
• Ciklum: Danish-headquartered IT outsourcing firm with extensive Eastern European delivery, offering custom software development, digital transformation, and managed services. Comparable in European enterprise customer focus and nearshore delivery model.
• Andersen Lab: Eastern European IT outsourcing and custom software development firm with similar scale and service portfolio. Competes in same European enterprise custom development and digital transformation market.

Broad incumbents

• Accenture: Global IT services and consulting incumbent with massive Eastern European delivery capacity and broad digital transformation, AI, and cloud practices. Represents the larger incumbent Telesoftas competes against for enterprise deals.
• Cognizant Softvision: Global digital engineering services arm of Cognizant with strong Eastern European heritage. Competes in the same custom software development and digital transformation space for enterprise clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/telesoftas
• Facebookfacebook.com/telesoftas
• LinkedInlinkedin.com/company/telesoftas

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Telesoftas