Evernote Corporation

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Evernote Corporation
Company typePrivate
IndustryProductivity Technology
Founded2004; 20 years ago (2004) in Sunnyvale, California, United States
FounderStepan Pachikov[1]
HeadquartersRedwood City, California, United States
Number of locations
7 (Redwood City, Austin, San Diego, Beijing, New Delhi, Tokyo, Zurich)[2][3]
Key people
  • Francesco Patarnello (CEO)
ProductsSoftware app
ParentBending Spoons
Websiteevernote.com

Evernote Corporation is a privately owned company headquartered in Redwood City, California that develops Evernote.[4] Its current CEO, Francesco Patarnello, has been in his position since January 2023 following the acquisition by Bending Spoons. Evernote has domestic offices in Austin, San Diego, and Bothell, Washington.[5][6] It has international offices in India, Switzerland, Chile, and Japan.[7][8] As of February 2023, the company employed nearly 400 people.[9]

History[edit]

After being founded in 2004 by Russian–American computer entrepreneur[10] Stepan Pachikov,[11] EverNote Corporation ('EverNote' stylized with a capital 'N' at the time) started marketing software for Windows desktop PCs, tablet PCs and handheld devices like the handwriting recognition software ritePen and the note-taking and web clipping application EverNote (also with a capital 'N'), a Windows application which stored notes on an 'infinite roll of paper'.[12] Under new CEO Phil Libin, the company shifted its focus to the Web, smartphones and also the Apple Mac, starting with Evernote (now with lower-case 'n') 3.0 in 2008. The Evernote Web service launched into open beta on June 24, 2008,[13] and reached 11 million users in July 2011.[14] In October 2010, the company raised a US$20 million funding round led by DoCoMo Capital with participation from Morgenthaler Ventures and Sequoia Capital.[15] Since then, the company raised an additional $50 million in funding led by Sequoia Capital and Morgenthaler Ventures,[16] and another $70 million in funding led by Meritech Capital and CBC Capital.[17] On November 30, 2012, Evernote raised another $85 million in funding led by AGC Equity Partners/m8 Capital and Valiant Capital Partners.[18] On November 9, 2014, Evernote raised an additional $20 million in funding from Nikkei, Inc.[19]

On May 7, 2013, TechCrunch reported that Evernote launched Yinxiang Biji Business into the Chinese market at the Global Mobile Internet Conference.[20]

Linda Kozlowski was named chief operating officer of Evernote in June 2015, but left before the end of the year.[21][22]

Libin stepped down as CEO in July 2015 and was replaced by former Google Glass executive Chris O'Neill, but remained Executive Chairman.[23] In October 2015, Evernote announced it would lay off 18 percent of its workforce and close three out of 10 global offices.[24] In September 2016, Libin stepped down as executive chairman.[25] In February 2017, CEO O'Neill said in a blog post that the business was cash-flow positive.[26]

In August 2018, Chief Technical Officer Anirban Kundu, Chief Financial Officer Vincent Toolan, Chief Product Officer Erik Wrobel, and head of HR Michelle Wagner left the company.[27] Wrobel and Wagner both joined in 2016.[28] On September 18, 2018, 54 employees—about 15 percent of the workforce—were laid off.[29] In a blog post, O'Neill said, "After a successful 2017, I set incredibly aggressive goals for Evernote in 2018. Though we have steadily grown, we committed too many resources too quickly. We built up areas of our business in ways that have proven to be inefficient. Going forward, we are streamlining certain functions, like sales, so we can continue to speed up and scale others, like product development and engineering."[30]

On October 29, 2018, Evernote announced that Ian Small, former CEO of TokBox, would replace O'Neill as CEO of Evernote.[31][32]

In January 2023, Evernote was acquired by Bending Spoons, an Italian mobile app development company.[33][34] At the same time Francesco Patarnello took over as CEO from Ian Small.

In February of 2023, Bending Spoons laid off 129 Evernote staffers.[35] In April of 2023 the firm announced upcoming price increases and new features.[36] In July 2023, Evernote relocated its center of operations from the US to Europe, which is where parent company Bending Spoons is headquartered, and laid off all existing employees.[37]

References[edit]

  1. ^ Butcher, Mike. "Interview: Stepan Pachikov, the founder of Evernote, talks about his future vision (TCTV)". TechCrunch. Archived from the original on June 23, 2015. Retrieved June 23, 2015.
  2. ^ "Contact Us". evernote.com. Evernote. Archived from the original on June 28, 2015. Retrieved June 23, 2015.
  3. ^ "Evernote Lays off 47 people and closes 3 offices". venturebeat.com. VentureBeat. September 30, 2015. Archived from the original on October 16, 2015. Retrieved September 30, 2015.
  4. ^ Griffith, Erin (2019-06-28). "A Unicorn Lost in the Valley, Evernote Blows Up the 'Fail Fast' Gospel". The New York Times. ISSN 0362-4331. Retrieved 2022-10-17.
  5. ^ "App Maker Evernote to Set Up Engineering Office in San Diego". NBC 7 San Diego. Retrieved 2022-10-17.
  6. ^ "Evernote shuts another international office as it tries to centralize operations". finance.yahoo.com. Retrieved 2022-10-17.
  7. ^ "CEO of Evernote: «We remain committed to Chile»". blog.investchile.gob.cl. Retrieved 2022-10-17.
  8. ^ "Evernote India office: Evernote to open India office next month". Gadgets Now. Retrieved 2022-10-17.
  9. ^ Richtel, Matt (2020-05-04). "The Pandemic May Mean the End of the Open-Floor Office". The New York Times. ISSN 0362-4331. Retrieved 2022-10-17.
  10. ^ "Пачиков Георгий Александрович". Archived from the original on February 20, 2019. Retrieved January 11, 2021.
  11. ^ Griffith, Erin (2019-06-28). "A Unicorn Lost in the Valley, Evernote Blows Up the 'Fail Fast' Gospel". The New York Times. ISSN 0362-4331. Retrieved 2023-05-29.
  12. ^ EverNote – Products Evernote.com Archived October 14, 2004, at the Wayback Machine
  13. ^ Libin, Phil (June 24, 2008), "Evernote Public Launch!", The Evernote Blog, Evernote, archived from the original on September 4, 2012, retrieved March 6, 2013
  14. ^ Little, Gary (July 13, 2011), Nicole Perlroth (ed.), "Why Evernote Is Winning With The Soft Stuff", Forbes, archived from the original on July 17, 2011, retrieved March 6, 2013
  15. ^ Reisinger, Don. Evernote Secures $20 Million in Investment Round Archived October 26, 2012, at the Wayback Machine. CNET News, October 19, 2010. (Accessed October 22, 2010)
  16. ^ Libin, Phil. "Evernote Gets $50 Million in Funding". Archived from the original on July 17, 2011.
  17. ^ "Evernote Raises $70 Million Financing Round Led by Meritech Capital and CBC Capital". May 3, 2012. Archived from the original on May 5, 2012. Retrieved May 5, 2012.
  18. ^ "Evernote". Evernote Blog. Archived from the original on August 31, 2013. Retrieved January 10, 2013.
  19. ^ "Evernote Joins With Nikkei for New Content & Business Alliance". Archived from the original on May 2, 2015. Retrieved April 9, 2015.
  20. ^ "Evernote, Now With 4M Users In China, Aims For Enterprises With Yinxiang Biji Business". TechCrunch. AOL. May 7, 2013. Archived from the original on March 7, 2018. Retrieved June 25, 2017.
  21. ^ King, Rachel. "Evernote promotes Alibaba vet Linda Kozlowski to COO". ZDNet.com. ZDNet. Archived from the original on July 11, 2015. Retrieved June 3, 2015.
  22. ^ "Evernote's Freshly Minted COO Linda Kozlowski Is Leaving The Company". TechCrunch. Archived from the original on November 3, 2018. Retrieved 2018-11-02.
  23. ^ "Evernote Taps Former Google Glass Executive Chris O'Neill as New CEO". Re/code. Archived from the original on July 21, 2015. Retrieved June 20, 2015.
  24. ^ "Evernote is in deep trouble — Business Insider". Archived from the original on October 5, 2015. Retrieved October 4, 2015.
  25. ^ "Exclusive: Phil Libin and Max Levchin Leave Evernote Board". Fortune. Archived from the original on October 4, 2019. Retrieved 2020-01-20.
  26. ^ McCracken, Harry (Aug 14, 2018). "Inside Evernote's brain". Fast Company. Archived from the original on November 9, 2020. Retrieved Aug 15, 2018.
  27. ^ "Evernote lost its CTO, CFO, CPO and HR head in the last month as it eyes another fundraise". TechCrunch. Archived from the original on November 3, 2018. Retrieved 2018-11-02.
  28. ^ "Evernote's founding CTO Dave Engberg is leaving in May; new wave of execs announced". TechCrunch. Archived from the original on November 3, 2018. Retrieved 2018-11-02.
  29. ^ "Evernote just slashed 54 jobs, or 15 percent of its workforce". TechCrunch. Archived from the original on November 3, 2018. Retrieved 2018-11-02.
  30. ^ "A Message from the CEO". evernote.com | Blog. 2018-09-18. Archived from the original on November 3, 2018. Retrieved 2018-11-02.
  31. ^ "Ian Small, former head of TokBox, takes over as Evernote CEO from Chris O'Neill". TechCrunch. Archived from the original on November 3, 2018. Retrieved 2018-11-02.
  32. ^ "Inventing the Future: Greetings from Our New CEO – evernote.com | Blog". evernote.com | Blog. 2018-10-29. Archived from the original on November 2, 2018. Retrieved 2018-11-02.
  33. ^ Booth, Callum (2023-01-06). "Evernote has been acquired — here's how its new owner can fix it". TNW | Tech. Retrieved 2023-01-11.
  34. ^ Wiggers, Kyle (2022-11-16). "Bending Spoons acquires Evernote, marking the end of an era". TechCrunch. Retrieved 2023-01-11.
  35. ^ Wiggers, Kyle (2023-02-27). "Bending Spoons lays off 129 Evernote staffers". TechCrunch. Retrieved 2023-07-06.
  36. ^ Simionato, Federico. "Product Lead". Evernote Blog - An Update on Evernote Pricing and Upcoming Features. Retrieved 6 July 2023.
  37. ^ Davis, Wes (2023-07-09). "Evernote has laid off most of its US staff and will move most operations to Europe". The Verge. Retrieved 2023-07-13.
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