A strategic acquisition that combines Bending Spoons' vast coverage of half a billion app downloads with Evernote's existing global user base
REDWOOD CITY, Calif., Nov. 16, 2022 /PRNewswire-PRWeb/ -- Bending Spoons, a leading European technology company based in Milan, Italy, today announced it has reached a definitive agreement to acquire Evernote, the renowned personal productivity app.
"Our mission at Bending Spoons is to make an enduring positive impact on our customers, on our teammates, and on society at large. 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," said Luca Ferrari, CEO and co-founder of Bending Spoons.
In Evernote, Bending Spoons is acquiring a household name and a strong business. Evernote boasts approximately $100 million in recurring revenue, millions of paying customers, and almost 11 billion notes created with its cross-platform apps.
Bending Spoons, with its platform-based approach to innovation, develops proprietary technologies that have ensured its mobile products are among the most successful in the world in numerous competitive app store categories. Now, Bending Spoons intends to apply these platform technologies to the Evernote product to augment its usefulness and strengthen its reach.
"We are grateful to our customers and employees, and are excited to team-up with Bending Spoons. This strategic acquisition means that there will be extensive, accelerated improvements across our Teams, Professional, Personal, and Free offerings, which is fantastic news for lovers of Evernote everywhere," said Ian Small, CEO of Evernote.
The transaction is subject to customary closing conditions and is expected to be completed in early 2023.
Evernote's mission is to help you remember everything and accomplish anything. Our apps allow you to collect and organize everything that matters, to keep you productive, and to be available all day and in every context. Serving more than 250 million customers around the world in just about every country and over 25 languages, Evernote is an independent, privately held global company headquartered in Redwood City, California.
LionTree Advisors LLC served as exclusive financial advisor to Evernote and Latham & Watkins LLP served as legal advisor.
For more information, visit: https://evernote.com/about-us.
About Bending Spoons
Bending Spoons leverages its powerful in-house platform technologies to launch, acquire, and scale a diverse portfolio of digital products. Since its founding in 2013, Bending Spoons has served nearly half a billion people across the globe. Its products are currently used by about 100 million people each month.
Allen & Co. served as financial advisor, Willkie Farr & Gallagher LLP served as lead U.S. counsel, Hogan Lovells International LLP served as counsel in China, Carey served as counsel in Chile for Bending Spoons, and KPMG provided financial and tax due diligence services.
For more information, visit http://www.bendingspoons.com.
Shelby Busen, Evernote, 650-769-4701, [email protected]