Evernote Strengths, Domain Expertise, and Key Differentiators
Evernote is an app designed for note-taking, organizing, task management, and archiving. The app allows users to create notes, which can be text, drawings, photographs, or saved web content. Notes are stored in notebooks and can be tagged, annotated, edited, searched, given attachments, and exported.
Evernote is cross-platform, for Android, iOS, macOS, and Microsoft Windows. It is free to use with monthly usage limits and offers paid plans for expanded or lifted limits. The basic Evernote app is available for free, paid subscriptions run from a monthly fee of $5 to $45 for a full year.
Evernote Recent Developments
Microsoft and Evernote have teamed up for the latest third-party integration to hit Microsoft Teams (via Thurrott). With Evernote for Microsoft Teams, users will now be able to easily access their notes from chat and share them with others. That includes the ability to share, pin, search, and edit your Evernote notes directly from within the Teams app.
Evernote Mergers and Acquisitions (M&A) Activities
In January 2023, Bending Spoons, a European technology company, acquired Evernote. This acquisition means that there will be extensive, accelerated improvements across Evernote teams, accelerated advancements, growth, and innovation.
Evernote Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Evernote applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Evernote and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Evernote Basic, Evernote Premium, Evernote Business customers.
Evernote Overview
4231 Balboa Avenue, #1008
San Diego, CA, 92117, United States
1 650-257-0885
https://www.evernote.com/
Ownership: - Meritech Capital, CBC Capital, Sequoia Capital, Morgenthaler Ventures, and DOCOMO Capital
Number of Employees: 525
Functional Markets: Collaboration, Content Management, PPM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Evernote Key Enterprise and Cloud Applications
Evernote Basic, Evernote Premium, Evernote Business
Evernote Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Evernote Revenue Breakdown By Type, $M:
Evernote Enterprise Applications Revenues By Functional Markets, $M:
Evernote Enterprise Applications Revenues By Verticals, $M:
Evernote Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Evernote Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Evernote Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Evernote Customers
No. of Evernote Customers: x
No. of Evernote Enterprise Applications Customers: x
No. of Evernote Cloud Customers: x
No. of Evernote Cloud Subscribers: 225000000
Evernote is discovered by 225 million people around the world and is used in over 25 languages every day.
Evernote Market Opportunities, M&A and Geo Expansions
In 2023, Evernote, under the ownership of Bending Spoons, bolstered financial stability through targeted initiatives. Also introduced collaborative editing and two new powerful AI features. These transformative moves not only enhanced the user experience but also positioned Evernote for substantial growth opportunities, fostering innovation and solidifying its market presence.
Evernote has raised nearly $300 million, with its long list of investors including Sequoia, NEA, Harbor Capital, T. Rowe Price, and many individuals.
Evernote Risks and Challenges
In February 2023, Bending Spoons laid off 129 Evernote staffers, signaling a period of organizational change. Subsequently, in April 2023, Evernote announced price increases and new features, indicative of an effort to reshape its business model. However, the relocation of Evernote's operations from the US to Europe in July 2023, aligning with Bending Spoons' headquarters, underscored significant risks for Evernote, raising concerns about the company's stability and adaptability to the evolving business.
In August 2018, Evernote lost the majority of its ranking executives in one month alone, including CFO Vincent Toolan, CPO Erik Wrobel, CTO Anirban Kundu, and Head of HR Michelle Wagner.
Evernote Ecosystem, Partners, Resellers and SI
Among Evernote's partners are industry giants like Salesforce, Google, Microsoft, and others, showcasing Evernote's collaborations in technology and channel alliances. This ecosystem, comprising 180 partners, highlights Evernote's commitment to fostering meaningful partnerships.
Evernote Corporation is a global, privately-owned company headquartered in Redwood City, California. Evernote also has offices in Austin (Texas), Bothell (Washington), New Delhi (India), San Diego (California), Santiago (Chile), and Tokyo (Japan).
Evernote Cloud Infrastructure Insights
Subscribe to read more about:
- Evernote Public Cloud and Infrastructure (IaaS)
- Evernote Platform (PaaS)
- Evernote Application Delivery
- Evernote Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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