Hedman Partners advised New York-based CartoDB in acquiring Nutiteq, an Estonia-based mobile mapping software development company with more than 15 million unique installations of their software development kit and a roster of clients that includes SeatGeek, LonelyPlanet, iRobot, Accenture and Boeing among others.
The acquisition will give CartoDB a big opportunity to rethink interaction with location data on mobile devices. Nutiteq will be merged into CartoDB’s mobile division, which will be headed by Nutiteq’s CEO Jaak Laineste.
CartoDB is a world-leading company for location intelligence, data analysis and visualisation allowing organisations and individuals to extract insights from location data.
CartoDB COO Miguel Arias: “Hedman Partners expertise and professionalism during the whole process helped greatly to navigate the challenges of a cross-border acquisition. Merlin and Valter went the extra mile to analyze the risks, point out the relevant red-flags and give us the relevant advise under Estonian law”.
Read more about it here – http://blog.cartodb.com/nutiteq-mobile/