Friday, February 19, 2016

CartoDB Acquires Mobile Mapping Software Firm Nutiteq

CartoDB, a company that specializes in location data analysis and visualization, has acquired Nutiteq, a mobile mapping software development company.The deal will provide a complete solution for building external facing apps or productivity tools on mobile. Financial terms of the deal were not disclosed.

This deal will allow CartoDB to offer a cross-platform mobile mapping SDK, with a core rendering engine that complements its geo-analytics capabilities. Nutiteq’s offerings, which include on-device analytics and vector rendering, will be integrated with CartoDB’s cloud location analytics and self-service products to provide a complete solution for external facing apps or productivity tools on mobile.

Image credit: CartoDB
Image credit: GitHub
Javier de la Torre, CEO of CartoDB, said in a statement: 
We believe there is a big opportunity to rethink how we interact with location data on mobile devices. Most geospatial innovation has been pushed to the consumer space. Now enterprises will be able to make use of location intelligence on mobile devices with CartoDB.” 

Jaak Laineste, CEO of Nutiteq, said in a statement: 
We’re thrilled for the potential to unlock massive value for location intelligence in virtually every industry,” and also added this: “It’s no surprise that people are moving from laptops to smartphones, and it’s safe to say that enterprises will be quick to follow.”

Headquartered in Estonia, Nutiteq is a mobile mapping software development company. Nutiteq's SDK offerings has more than 15 million unique installations. Its clients include SeatGeek, LonelyPlanet, iRobot and Accenture.

As part of the deal, the entire Nutiteq team will join CartoDB office in Estonia. Nutiteq CEO Jaak Laineste will lead the mobile division for CartoDB. 

Founded in 2012, CartoDB is a leading location intelligence, data analysis and visualization company. CartoDB’s next-gen location intelligence and data visualization engine enables the transformation of location data into insights.Before its deal with Nutiteq, the mobile firm has managed to raise $7 million from a consortium of investors. Last year, it received a $23 million in Series B financing.

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