Well, it was a previously unknown Finnish company, AffectoGenimap, that merged with Mebius of Latvia's Lithuanian parent, Informacines Technologijos. So one of the wild guesses in the previous post was sorta correct.
The Finnish company believes it will sell its GIS solutions in the Baltics. Good luck to them, because as someone in the GIS business in Latvia said (a couple of years ago) -- there will be no widespread adoption of GIS as long as digging is cheap. This was said in reference to the use of geographical information systems (GIS) for planning street maintenance and the like.
The Lithuanians apparently see an opportunity to offer their rather extensive and low-cost Oracle implementation experience in Finland.
That's my short comment, sitting here at Riga Airport on a fast WiFi link.