Unsurprisingly, Libin wouldn’t divulge how much money changed hands to acquire Penultimate. The company recently raised $70 million at a one billion dollar valuation, and has $166 million in total funding, Evernote IPO chatter has sprung up. “Our integration with Evernote was well received and now we are thrilled to have access to Evernote’s handwriting technology,” said Zotto in an interview with VentureBeat.Įvernote has had a lot of money to play with lately, making it easy to grab Penultimate and add Zotto to its team. However, once Penultimate added Evernote integration in January 2012, it seemed only natural that the two services would blend together. I reached out to Ben (Penulitmate’s creator) about two years ago about the product, telling him how much I liked it,” Libin said in an interview with VentureBeat.Īs much as Libin admired Penultimate, founder Ben Zotto wasn’t in a hurry to sell his product. When I saw the app, I thought this is exactly what digital ink should look like for Evernote. “Penultimate is an app I’ve been in love with on the iPad for several years. The first time Evernote chief executive Phil Libin laid his eyes on it, he was impressed. You can use a stylus or your finger tip to create handwritten notes, drawings, and diagrams using images on the iPad. The app, which costs 99 cents, is meant to resemble a real paper notebook.
Penultimate was developed not long after the first iPad was released and has become the fourth best-selling iPad app of all time. Digital notebook Evernote has acquired digital handwriting notebook app Penultimate, a move that will bring more handwritten notes to Evernote.
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