Tallinn-based Teleport acquired by MOVE Guides for undisclosed amount

Estonian startup Teleport has been acquired by employee relocation management platform MOVE Guides for an undisclosed sum.

Teleport, founded in 2014 by former Skype employees, develops the data-driven product Teleport Cities for analysing the best places to live and work through data on cost of living, work opportunities, health benefits etc. It has 250,000 users as of 2016.

“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,” said Teleport CEO Sten Tamkivi. “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.”

As part of the deal, users of Teleport Cities will continue to use the service under its existing branding. Tamkivi and his cofounder Silver Keskküla 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 and Teleport have a shared vision to democratize global mobility through software and data science,” commented MOVE Guides CEO Brynne Kennedy on the acquisition.