Press Releases
EverNote Raises Series A Financing; Names Tom Garland CEO
Sunnyvale, Calif., August 7, 2006 – EverNote® Corporation today announced the completion of a $6 million Series A round of financing and the addition of Tom Garland as CEO. In a separate announcement today, EverNote announced that Esther Dyson and Max Levchin have joined its board of directors to help guide the company’s strategic development.
EverNote is a pioneer in information capturing technologies, from groundbreaking digital ink and handwriting recognition software to its popular personal content management application. The financing will be used to support the development, sales and marketing of the next generation of EverNote products.
Tom Garland brings more than 20 years of executive and senior management experience to his new role as CEO of EverNote. He joins EverNote after six years at Acuitive, a leading venture services firm in Silicon Valley specializing in assisting early-stage technology companies.
Prior to Acuitive, Garland spent four years as vice president of network programming, syndication and business development for Mpath/HearMe which completed its initial public offering. Earlier in his career, he served for ten years in technology product marketing and business development at SGI and Apple. Garland has an MBA from the Stanford Graduate School of Business and a bachelor’s degree from SUNY Binghamton.
“I was drawn to EverNote by the company’s product development plan, avid customer base, as well as the vision and track record of founder Stepan Pachikov, whose two prior ventures created more than $250 million in shareholder equity,” stated Garland. “With this infusion of capital, we’re now well positioned to build on Evernote’s early viral success and develop a single application that will fuse the inherent capabilities of such platforms as the Web, the desktop and mobile so that consumers can access their most important information anywhere, on any device, at any time.”
J.F. Mackie And Company, an independent equity investment firm based in Calgary, Alberta, with more than $1.5 billion in assets under administration, served as the exclusive agent for the financing.
“Evernote’s vision is to capitalize on the ubiquity of the mobile phone as a universal device for capturing information,” commented Scott Riddell, managing director of Investment Banking at J.F. Mackie And Company. “Evernote’s strength lies in its seasoned management team, a proven product that has been well received and its unique vision in the market. These three factors combined made this investment decision easy and we look forward to building a long term relationship working with the company as it pioneers new ways to capture and access information and content.”
EverNote software gives users a single place to capture, categorize and find all types of notes and content and makes them instantly accessible anytime, any place. EverNote recognizes text and searches through handwritten notes, as well as provides recognition of handwritten pages with text, charts, layouts and formatting.
About J.F. Mackie And Company
J.F. Mackie And Company Ltd. is an independent equity investment firm based in Calgary, Alberta, Canada. It provides customized portfolio management and investment services to private clients and institutional investors and financial advisory services to early stage companies. J.F. Mackie And Company Ltd. was established in August 2000 and possesses extensive investment management experience.
About EverNote Corporation
Headquartered in Sunnyvale, Calif., EverNote Corporation is a provider of note management, digital ink and handwriting recognition software and technologies for the PC, mobile and wireless markets. Please visit www.evernote.com for more information.