Evernote, the popular note-taking app, announced that it would be purchased and taken over by an Italian mobile developer Bending Spoons. The deal is expected to close in 2023.
Evernote will be added to Bending Spoons' current software roster, including the AI picture improvement tool Remini and Splice video editing app. Ian Small, the CEO of Evernote, claims that the agreement will enable his company to utilise Bending Spoons' established App expertise and a wide variety of proprietary technologies to develop new features.
Evernote's Diminished Profits
After losing CEOs for a while, the business steadied its sales at about $100 million annually in 2018, with more than 250 million members. But the rivalry was having an impact. The web-based task management and note-taking came second to more comprehensive offerings focused on collaboration.
Due to its cross-platform usability and sizable user base, Google's Keep product provided many fundamental capabilities without introducing additional software into business settings. In the mobile space, Notion also provided substantially enhanced functionality.
Simply put, Evernote was unable to meet client demand for certain features. Alternately, Evernote removed the features for unknown reasons that were in demand. As the years passed, the application's bloated and its sluggish nature seemed to be the main complaint.
The mobile-based applications that Bending Spoons maintains are diverse. These include the Splice video editor, the Remini photo editing software, and the 30-Day Fitness personal trainer app.
Additionally, the Italian business has a strong tech stack, expertise in mobile performance and a strong AI base. Two months ago, Bending Spoons raised $340 million. It's possible that Evernote has found a place to call home, giving it fresh vitality.
The specifics of the acquisition have not been disclosed, but it is to be hoped that the acquisition will benefit the veteran software company's surviving faithful clients.
Evernote creates products and applications that revolutionise how people and teams operate today. Evernote is a platform where individuals write without interruption, gather information, locate what they need, and share their ideas with the world because it functions as one workspace across people's phones, tablets, and computers. Evernote's role is to ensure people reach whatever goals they have. Evernote was launched in 2008 and it is headquartered in Redwood City, California.
About Bending Spoons
Bending Spoons is a fast-growing tech company that builds and markets mobile applications. Italian mobile app creator Bending Spoons was established in 2013 and is based in Milan. The company is best known for its iOS mobile applications, such as Splice, 30 Day Fitness, Live Quiz, and Remini. It committed to acquiring Evernote in November 2022. Despite being a young firm, they have already had a big impact, with over 120M app downloads and millions of active users each month.