Productivity and task management app Evernote has been acquired by Bending Spoons, a leading European technology company based in Milan, Italy, for an undisclosed fee.

Founded in 2000 by Russian-American entrepreneur Stepan Pachikov, the company made handwriting recognition software for Windows and in 2008, Evernote became widely known as a note-taking app available for web, smartphones and Macs.

In 2012, ex-Techloy writer Bankole Oluwafemi described Evernote as a productivity app that "makes it easy to remember things big and small from your everyday life."

"From whatever device, your computer, phone, tablet, or the web, you can record your thoughts, capture images, and video, or clip relevant parts of a webpage and store them in your Evernote for future reference," he wrote.

In a blog post announcing the deal Evernote CEO Ian Small says the acquisition means that there will be extensive, accelerated improvements across the company and product offerings.

Evernote boasts approximately $100 million in recurring revenue, millions of paying customers, and almost 11 billion notes created with its cross-platform apps.

The transaction is expected to close in early 2023.