Bending Spoons Pays $1.4 Billion for Collaboration Firm Miro
Bending Spoons is preparing to acquire workplace collaboration platform Miro in a $1.355 billion deal, according to a Thursday (Sept. 10) press release. The planned acquisition is the latest in a string of purchases for the Italian company, which owns AOL, Eventbrite and Vimeo, the release said. Miro offers a workplace collaboration tool used by […] The post Bending Spoons Pays $1.4 Billion for…
Bending Spoons has announced plans to acquire collaboration platform Miro in a $1.355 billion deal, as reported in a Thursday (Sept. 10) press release. This acquisition is the latest in a series of purchases for the Italian company, which also owns AOL, Eventbrite, and Vimeo, according to the release.
Miro provides a workplace collaboration tool utilized by organizations such as Accenture, Cisco, Deloitte, and HP, as stated on its website. The website explains that Miro’s visual workspace enables teams to collaborate using AI to develop strategies, design products and services, and manage processes throughout the entire innovation lifecycle.
Bending Spoons CEO and Co-Founder Luca Ferrari stated in the release that his company plans to invest substantially in Miro’s fundamentals, such as performance, reliability, and functionality, after the deal is finalized. The acquisition is expected to be completed in the fourth quarter of the year.
Miro CEO and Co-Founder Andrey Khusid added, “It has become something more: an AI-first workspace that teams run their most important work through.” Nearly 4 million paying users across all industries and regions rely on Miro, including over 750 customers with annual recurring revenue exceeding $100,000.
The CEO also emphasized that partnering with Bending Spoons will help deliver on the vision of Miro, enabling it to achieve ambition for its valued customers.
Recent studies have shown that workplaces increasingly use AI for collaboration rather than automation, according to a PYMNTS report in July. While only 3% of occupations show AI usage for over 75% of their tasks, these occupations include software quality assurance analysts, human resources specialists, and document management specialists.
Bending Spoons' announcement of the Miro acquisition follows its recent purchase of Airtable, a cloud collaboration platform. The company announced its plans to go public in June, with a stock market listing occurring in July.
Written by urgent.news from PYMNTS's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
