Cobalt Latvia, working alongside US counsel Fenwick & West, has advised visual presentation platform Prezi in its acquisition of Infogram, a web-based data visualization company in Latvia. Infogram was advised by Dottir Attorneys in the United States. This is Prezi’s first acquisition and the value of the deal is confidential.
Founded in 2009, and with offices in San Francisco, Budapest, and Mexico City, Prezi fosters a community of over 85 million users and over 325 million Prezi presentations around the world. Its investors include Accel Partners, Spectrum Equity, and TED conferences.
According to Cobalt, "Infogram is a data visualization tool that helps create interactive charts, infographics, and maps. It is used by marketing teams, newsrooms and students all over the world. Founded in 2012 and with offices in Riga and San Francisco, Infogram users have created over 5 million infographics and charts that are viewed by over 50 million people every month."
Cobalt provided Latvian legal advice to Prezi. The firm's team was led by Partner Indrikis Liepa and included Associates Diana Zepa and Ivo Maskalans.