Cobalt has advised Sten Tamkivi and Silver Keskkula, the founders of the start-up Teleport, on the sale of the company to British technology company MOVE Guides, which moves and manages the mobile workforce. Terms of the deal were not disclosed.
Founded in 2014 by early Skype employees Sten Tamkivi and Silver Keskkula and headquartered in Tallinn, Estonia, Teleport produces applications enabling the free movement of talent. The company’s core product – Teleport Cities - uses data science and matching algorithms to help knowledge workers discover their best places to live and work. Teleport Cities provides income and cost and quality of life data from 260 cities around the world, and served over a million searches by its 250,000 users in 2016. Beyond search, Teleport provides features for on-demand moving advice and automated task lists.
As part of the deal, users of Teleport will continue to use the service under its existing branding. Tamkivi and Keskkula will be joining MOVE Guides’ leadership team with the Tallinn office becoming MOVE Guides’ latest location alongside London, San Francisco, and Hong Kong.
MOVE Guides CEO and Founder Brynne Kennedy said, “MOVE Guides and Teleport have a shared vision to democratize global mobility through software and data science.” She continued, “We are excited to welcome Teleport’s experienced team to MOVE Guides and to integrate their products with our offerings for mobile employees and company data analytics.”
Teleport CEO and Co-Founder Sten Tamkivi added that: "We founded Teleport with the vision of helping free people move, by giving mobile millennials access to modern software tools to smoothly get to wherever they need to be to make most of their potential. I am convinced that now part of MOVE Guides, working together for major customers moving employees of all types every year, we will get to that empowering future much faster."
The Cobalt team was led by Partners Egon Talur, Karina Paatsi, and Kristel Raidla-Talur and Associates Greete-Kristiine Kuru, Karli Kutt, and Liina Saaremets.