Evernote Corporation
{{Short description|American software company}}
{{Infobox company
| name = Evernote Corporation
| logo = Evernote logo (2018).svg
| logo_alt = Evernote logo
| type = Private
| founder = Stepan Pachikov{{cite news|last1=Butcher|first1=Mike|title=Interview: Stepan Pachikov, the founder of Evernote, talks about his future vision (TCTV)|url=https://techcrunch.com/2011/05/27/interview-stepan-pachikov-the-founder-of-evernote-talks-about-his-future-vision-tctv/|work=TechCrunch|access-date=June 23, 2015|archive-date=June 23, 2015|archive-url=https://web.archive.org/web/20150623145207/http://techcrunch.com/2011/05/27/interview-stepan-pachikov-the-founder-of-evernote-talks-about-his-future-vision-tctv/|url-status=live}}
| hq_location = Redwood City, California, United States
| locations = 7 (Redwood City, Austin, San Diego, Beijing, New Delhi, Tokyo, Zurich){{cite web|title=Contact Us|url=https://evernote.com/contact/|website=evernote.com|publisher=Evernote|access-date=June 23, 2015|archive-date=June 28, 2015|archive-url=https://web.archive.org/web/20150628214648/https://evernote.com/contact/|url-status=live}}{{cite web|title=Evernote Lays off 47 people and closes 3 offices|url=https://venturebeat.com/2015/09/29/evernote-lays-off-47-people-and-closes-3-offices-in-effort-to-build-a-more-focused-team/|website=venturebeat.com|date=September 30, 2015|publisher=VentureBeat|access-date=September 30, 2015|archive-date=October 16, 2015|archive-url=https://web.archive.org/web/20151016021556/http://venturebeat.com/2015/09/29/evernote-lays-off-47-people-and-closes-3-offices-in-effort-to-build-a-more-focused-team/|url-status=live}}
| foundation = {{Start date and age|2004}} in Sunnyvale, California, United States
| area_served =
| key_people = {{unbulleted list|Francesco Patarnello (CEO)}}
| industry = Productivity Technology
| products = Evernote
| services =
| operating_income =
| parent = Bending Spoons
| num_employees =
| divisions =
| subsid =
| homepage = {{URL|https://evernote.com}}
| website_type =
}}
Evernote Corporation is a privately owned company headquartered in Redwood City, California that develops Evernote.{{Cite news |last=Griffith |first=Erin |date=2019-06-28 |title=A Unicorn Lost in the Valley, Evernote Blows Up the 'Fail Fast' Gospel |language=en-US |work=The New York Times |url=https://www.nytimes.com/2019/06/28/business/evernote-what-happened.html |access-date=2022-10-17 |issn=0362-4331}} 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.{{Cite web |title=App Maker Evernote to Set Up Engineering Office in San Diego |url=https://www.nbcsandiego.com/news/local/app-maker-evernote-to-set-up-engineering-office-in-san-diego/63421/ |access-date=2022-10-17 |website=NBC 7 San Diego |language=en-US}}{{Cite web |title=Evernote shuts another international office as it tries to centralize operations |url=http://finance.yahoo.com/news/evernote-shuts-another-international-office-013557590.html |access-date=2022-10-17 |website=finance.yahoo.com |language=en-US}} It has international offices in India, Switzerland, Chile, and Japan.{{Cite web |title=CEO of Evernote: «We remain committed to Chile» |url=http://blog.investchile.gob.cl/ceo-of-evernote-we-remain-committed-to-chile-and-wont-backtrack-on-our-plans |access-date=2022-10-17 |website=blog.investchile.gob.cl |language=en}}{{Cite web |title=Evernote India office: Evernote to open India office next month |url=https://www.gadgetsnow.com/tech-news/evernote-to-open-india-office-next-month/articleshow/17507868.cms |access-date=2022-10-17 |website=Gadgets Now |language=en}} As of February 2023, the company employed nearly 400 people.{{Cite news |last=Richtel |first=Matt |date=2020-05-04 |title=The Pandemic May Mean the End of the Open-Floor Office |language=en-US |work=The New York Times |url=https://www.nytimes.com/2020/05/04/health/coronavirus-office-makeover.html |access-date=2022-10-17 |issn=0362-4331}}
History
After being founded in 2004 by Russian{{En dash}}American computer entrepreneur{{Cite web |url=http://www.it-vip.ru/Person.asp?ID=975 |title=Пачиков Георгий Александрович |access-date=January 11, 2021 |archive-date=February 20, 2019 |archive-url=https://web.archive.org/web/20190220082044/http://www.it-vip.ru/Person.asp?ID=975 |url-status=live }} Stepan Pachikov,{{Cite news |last=Griffith |first=Erin |date=2019-06-28 |title=A Unicorn Lost in the Valley, Evernote Blows Up the 'Fail Fast' Gospel |language=en-US |work=The New York Times |url=https://www.nytimes.com/2019/06/28/business/evernote-what-happened.html |access-date=2023-05-29 |issn=0362-4331}} 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'.EverNote – Products [http://www.evernote.com/en/products/ Evernote.com] {{Webarchive|url=https://web.archive.org/web/20041014191152/http://www.evernote.com/en/products/ |date=October 14, 2004 }} 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,{{Citation
| last = Libin | first = Phil
| title = Evernote Public Launch!
| url = http://blog.evernote.com/2008/06/24/evernote-public-launch/
| publisher = Evernote
| work = The Evernote Blog
| date = June 24, 2008
| access-date = March 6, 2013
| url-status = dead
| archive-url = https://web.archive.org/web/20120904074223/http://blog.evernote.com/2008/06/24/evernote-public-launch/
| archive-date = September 4, 2012
}} and reached 11 million users in July 2011.{{Citation
| last = Little
| first = Gary
| author-link = Morgenthaler
| editor = Nicole Perlroth
| title = Why Evernote Is Winning With The Soft Stuff
| url = https://blogs.forbes.com/nicoleperlroth/2011/07/13/why-evernote-is-winning-with-the-soft-stuff/
| work = Forbes
| date = July 13, 2011
| access-date = March 6, 2013
| archive-date = July 17, 2011
| archive-url = https://web.archive.org/web/20110717101703/http://blogs.forbes.com/nicoleperlroth/2011/07/13/why-evernote-is-winning-with-the-soft-stuff/
| url-status = live
}} In October 2010, the company raised a US$20 million funding round led by DoCoMo Capital with participation from Morgenthaler Ventures and Sequoia Capital.Reisinger, Don. [http://news.cnet.com/8301-13506_3-20020000-17.html Evernote Secures $20 Million in Investment Round] {{Webarchive|url=https://web.archive.org/web/20121026032125/http://news.cnet.com/8301-13506_3-20020000-17.html |date=October 26, 2012 }}. CNET News, October 19, 2010. (Accessed October 22, 2010) Since then, the company raised an additional $50 million in funding led by Sequoia Capital and Morgenthaler Ventures,{{cite web
|last=Libin |first=Phil
|url=http://blog.evernote.com/2011/07/13/evernote-gets-50-million-in-funding-with-faq/
|title=Evernote Gets $50 Million in Funding
|url-status=dead
|archive-url=https://web.archive.org/web/20110717130443/http://blog.evernote.com/2011/07/13/evernote-gets-50-million-in-funding-with-faq/
|archive-date=July 17, 2011
}} and another $70 million in funding led by Meritech Capital and CBC Capital.{{cite news |url=http://www.marketwire.com/press-release/evernote-raises-70-million-financing-round-led-by-meritech-capital-and-cbc-capital-1652242.htm |title=Evernote Raises $70 Million Financing Round Led by Meritech Capital and CBC Capital |date=May 3, 2012 |access-date=May 5, 2012 |archive-date=May 5, 2012 |archive-url=https://web.archive.org/web/20120505063404/http://www.marketwire.com/press-release/evernote-raises-70-million-financing-round-led-by-meritech-capital-and-cbc-capital-1652242.htm |url-status=live }} On November 30, 2012, Evernote raised another $85 million in funding led by AGC Equity Partners/m8 Capital and Valiant Capital Partners.{{cite web|url=http://blog.evernote.com/blog/2012/11/30/evernote-raises-85-million-in-primary-and-secondary-financing/|title=Evernote|work=Evernote Blog|access-date=January 10, 2013|archive-date=August 31, 2013|archive-url=https://web.archive.org/web/20130831134723/http://blog.evernote.com/blog/2012/11/30/evernote-raises-85-million-in-primary-and-secondary-financing/|url-status=live}} On November 9, 2014, Evernote raised an additional $20 million in funding from Nikkei, Inc.{{cite web | url=https://evernote.com/corp/news/pr/2014-11-09/ | title=Evernote Joins With Nikkei for New Content & Business Alliance | access-date=April 9, 2015 | archive-url=https://web.archive.org/web/20150502085111/https://evernote.com/corp/news/pr/2014-11-09/ | archive-date=May 2, 2015 | url-status=dead | df=mdy-all }}
On May 7, 2013, TechCrunch reported that Evernote launched Yinxiang Biji Business into the Chinese market at the Global Mobile Internet Conference.{{cite web|url=https://techcrunch.com/2013/05/07/evernote-launches-yinxiang-biji-business-taking-its-premium-business-service-to-china/|title=Evernote, Now With 4M Users In China, Aims For Enterprises With Yinxiang Biji Business|publisher=AOL|work=TechCrunch|date=May 7, 2013 |access-date=June 25, 2017|archive-date=March 7, 2018|archive-url=https://web.archive.org/web/20180307214356/https://techcrunch.com/2013/05/07/evernote-launches-yinxiang-biji-business-taking-its-premium-business-service-to-china/|url-status=live}}
Linda Kozlowski was named chief operating officer of Evernote in June 2015, but left before the end of the year.{{cite web|last1=King|first1=Rachel|title=Evernote promotes Alibaba vet Linda Kozlowski to COO|url=https://www.zdnet.com/article/evernote-hires-alibaba-veteran-as-new-coo/|website=ZDNet.com|publisher=ZDNet|access-date=June 3, 2015|archive-date=July 11, 2015|archive-url=https://web.archive.org/web/20150711144301/http://www.zdnet.com/article/evernote-hires-alibaba-veteran-as-new-coo/|url-status=live}}{{Cite news|url=https://techcrunch.com/2015/11/14/evernotes-freshly-minted-coo-linda-kozlowski-is-leaving-the-company/?_ga=2.110774789.1481345749.1541082758-1477383768.1541082758|title=Evernote's Freshly Minted COO Linda Kozlowski Is Leaving The Company|work=TechCrunch|access-date=2018-11-02|language=en-US|archive-date=November 3, 2018|archive-url=https://web.archive.org/web/20181103092006/https://techcrunch.com/2015/11/14/evernotes-freshly-minted-coo-linda-kozlowski-is-leaving-the-company/?_ga=2.110774789.1481345749.1541082758-1477383768.1541082758|url-status=live}}
Libin stepped down as CEO in July 2015 and was replaced by former Google Glass executive Chris O'Neill, but remained Executive Chairman.{{cite web|title=Evernote Taps Former Google Glass Executive Chris O'Neill as New CEO|url=http://recode.net/2015/07/20/evernote-taps-former-google-glass-executive-chris-oneill-as-new-ceo//|publisher=Re/code|access-date=June 20, 2015|archive-date=July 21, 2015|archive-url=https://web.archive.org/web/20150721013302/http://recode.net/2015/07/20/evernote-taps-former-google-glass-executive-chris-oneill-as-new-ceo/|url-status=live}} In October 2015, Evernote announced it would lay off 18 percent of its workforce and close three out of 10 global offices.{{Cite web |url=https://www.businessinsider.com/evernote-is-in-deep-trouble-2015-10 |title=Evernote is in deep trouble — Business Insider |website=Business Insider |access-date=October 4, 2015 |archive-date=October 5, 2015 |archive-url=https://web.archive.org/web/20151005235254/http://uk.businessinsider.com/evernote-is-in-deep-trouble-2015-10 |url-status=live }} In September 2016, Libin stepped down as executive chairman.{{Cite web|url=https://fortune.com/2016/09/14/exclusive-libin-levchin-evernote-board/|title=Exclusive: Phil Libin and Max Levchin Leave Evernote Board|website=Fortune|language=en|access-date=2020-01-20|archive-date=October 4, 2019|archive-url=https://web.archive.org/web/20191004113921/https://fortune.com/2016/09/14/exclusive-libin-levchin-evernote-board/|url-status=live}} In February 2017, CEO O'Neill said in a blog post that the business was cash-flow positive.{{cite news |title=Inside Evernote's brain |url=https://www.fastcompany.com/90216018/inside-evernotes-brain |author=McCracken, Harry |work=Fast Company |date=Aug 14, 2018 |access-date=Aug 15, 2018 |archive-date=November 9, 2020 |archive-url=https://web.archive.org/web/20201109022556/https://www.fastcompany.com/90216018/inside-evernotes-brain |url-status=live }}
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.{{Cite news|url=https://techcrunch.com/2018/09/04/evernote-lost-its-cto-cfo-cpo-and-hr-head-in-the-last-month-as-it-eyes-another-fundraise/|title=Evernote lost its CTO, CFO, CPO and HR head in the last month as it eyes another fundraise|work=TechCrunch|access-date=2018-11-02|language=en-US|archive-date=November 3, 2018|archive-url=https://web.archive.org/web/20181103091947/https://techcrunch.com/2018/09/04/evernote-lost-its-cto-cfo-cpo-and-hr-head-in-the-last-month-as-it-eyes-another-fundraise/|url-status=live}} Wrobel and Wagner both joined in 2016.{{Cite news|url=https://techcrunch.com/2016/03/18/evernote-brings-in-new-product-marketing-design-and-china-heads-in-exec-overhaul/|title=Evernote's founding CTO Dave Engberg is leaving in May; new wave of execs announced|work=TechCrunch|access-date=2018-11-02|language=en-US|archive-date=November 3, 2018|archive-url=https://web.archive.org/web/20181103091951/https://techcrunch.com/2016/03/18/evernote-brings-in-new-product-marketing-design-and-china-heads-in-exec-overhaul/|url-status=live}} On September 18, 2018, 54 employees—about 15 percent of the workforce—were laid off.{{Cite news|url=https://techcrunch.com/2018/09/18/evernote-just-slashed-54-jobs-or-15-percent-of-its-workforce/|title=Evernote just slashed 54 jobs, or 15 percent of its workforce|work=TechCrunch|access-date=2018-11-02|language=en-US|archive-date=November 3, 2018|archive-url=https://web.archive.org/web/20181103091950/https://techcrunch.com/2018/09/18/evernote-just-slashed-54-jobs-or-15-percent-of-its-workforce/|url-status=live}} 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."{{Cite news|url=https://evernote.com/blog/2018-09-18-message-from-ceo/|title=A Message from the CEO|date=2018-09-18|work=evernote.com {{!}} Blog|access-date=2018-11-02|language=en-US|archive-date=November 3, 2018|archive-url=https://web.archive.org/web/20181103091805/https://evernote.com/blog/2018-09-18-message-from-ceo/|url-status=live}}
On October 29, 2018, Evernote announced that Ian Small, former CEO of TokBox, would replace O'Neill as CEO of Evernote.{{Cite news|url=https://techcrunch.com/2018/10/29/ian-small-former-head-of-tokbox-takes-over-as-evernote-ceo-from-chris-oneill/|title=Ian Small, former head of TokBox, takes over as Evernote CEO from Chris O'Neill|work=TechCrunch|access-date=2018-11-02|language=en-US|archive-date=November 3, 2018|archive-url=https://web.archive.org/web/20181103092021/https://techcrunch.com/2018/10/29/ian-small-former-head-of-tokbox-takes-over-as-evernote-ceo-from-chris-oneill/|url-status=live}}{{Cite news|url=https://evernote.com/blog/ian-small-new-ceo/|title=Inventing the Future: Greetings from Our New CEO – evernote.com {{!}} Blog|date=2018-10-29|work=evernote.com {{!}} Blog|access-date=2018-11-02|language=en-US|archive-date=November 2, 2018|archive-url=https://web.archive.org/web/20181102175500/https://evernote.com/blog/ian-small-new-ceo/|url-status=live}}
In January 2023, Evernote was acquired by Bending Spoons, an Italian mobile app development company.{{Cite web |last=Booth |first=Callum |date=2023-01-06 |title=Evernote has been acquired — here's how its new owner can fix it |url=https://thenextweb.com/news/evernote-acquired-how-new-owner-can-fix-it |access-date=2023-01-11 |website=TNW {{!}} Tech |language=en}}{{Cite web |last=Wiggers |first=Kyle |date=2022-11-16 |title=Bending Spoons acquires Evernote, marking the end of an era |url=https://techcrunch.com/2022/11/16/bending-spoons-acquires-evernote-marking-the-end-of-an-era/ |access-date=2023-01-11 |website=TechCrunch |language=en-US}} At the same time Francesco Patarnello took over as CEO from Ian Small.
In February of 2023, Bending Spoons laid off 129 Evernote staffers.{{Cite web |last=Wiggers |first=Kyle |date=2023-02-27 |title=Bending Spoons lays off 129 Evernote staffers |url=https://techcrunch.com/2023/02/27/bending-spoons-lays-off-129-evernote-staffers/ |access-date=2023-07-06 |website=TechCrunch |language=en-US}} In April of 2023 the firm announced upcoming price increases and new features.{{cite web |last1=Simionato |first1=Federico |title=Product Lead |url=https://evernote.com/blog/evernote-pricing-upcoming-features-update/ |website=Evernote Blog - An Update on Evernote Pricing and Upcoming Features |access-date=6 July 2023}} 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.{{Cite web |last=Davis |first=Wes |date=2023-07-09 |title=Evernote has laid off most of its US staff and will move most operations to Europe |url=https://www.theverge.com/2023/7/9/23789012/evernote-layoff-us-staff-bending-spoons-note-taking-app |access-date=2023-07-13 |website=The Verge |language=en-US}}
File:2016-02-12 Evernote HQ in Redwood City, CA (24617633439).jpg|Evernote Corporation's headquarters in Redwood City, California (2016)
File:Evernote CEO Phil Libin.png|Phil Libin, co-founder, former CEO, and former executive chairman of the Evernote Corporation