COBALT advised Prezi, the visual presentation platform, in the acquisition of Infogram, a leading, web-based data visualization company in Latvia. This is Prezi’s first acquisition and the value of the deal is confidential.
Prezi is a visual presentation platform that helps to connect more powerfully with audience and customers. Founded in 2009, and with offices in San Francisco, Budapest, and Mexico City, Prezi now 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.
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 Latvia office acted as Latvian legal advisor to Prezi, including full legal support, advice on transaction structuring, tax matters, drafting transaction documentation and providing employment law advice. The team was led by partner Indriķis Liepa, senior associate Sandija Novicka and associates Diāna Zepa and Ivo Maskalāns.