The deal combines an established US app developer with an upstart European brand.
This week, Milan-based tech firm Bending Spoons announced it has reached a definitive agreement to acquire Evernote, a personal productivity app developer.
Evernote’s apps serve more than 250 million customers in over 25 languages around the world. The company is an independent, privately held global concern headquartered in Redwood City, California. Founded 22 years ago, Evernote created collaborative workspaces years before Google Docs appeared. Their apps allow users to work anywhere and make notes with support for text, images, audio, scans, PDFs and documents.
Bending Spoons makes mobile apps such as the Splice video editing suite and Remini, an AI-powered photo enhancement and restoration app. The company claims that its apps have been downloaded more than 500 million times and host 90 million monthly active users. Bending Spoons is venture capital-backed and has raised $341.2 million over the years.
Luca Ferrari, CEO and co-founder of Bending Spoons, hailed the deal as synergistic: “Our mission at Bending Spoons is to make an enduring positive impact on our customers, on our teammates, and on society at large.”
The deal creates a “perfect fit”
“Every day, millions of people across the globe rely on Evernote to organize their lives. As such, Evernote is a perfect fit for the Bending Spoons portfolio, and we’re delighted to be able to serve its large and loyal customer base”, he added.
Ian Small, CEO of Evernote, announced the deal in a blog post. “For Evernote, this decision is the next strategic step forward on our journey to be an extension of your brain”, he wrote. “While ownership is changing hands, our commitment to keeping your data safe and secure remains as steadfast as ever, and the Evernote you know and love will continue to thrive.”
“Joining Bending Spoons allows us to take advantage of their proven app expertise and wide range of proprietary technologies. Together, we share a vision for Evernote as a powerful, intuitive extension of your brain. Everything we do at Evernote is focused on helping our customers remember everything and accomplish anything.”
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