The Pulse: Bending Spoons' Acquisition Strategy

This article examines Bending Spoons' acquisition strategy, highlighted by its recent $1.285B cash purchase of Airtable, a price below Airtable's total funding and far below its peak valuation. It explains Bending Spoons' approach of buying struggling but well-known companies, cutting most staff, and using its in-house engineering team to modernize products. A detailed case study of Evernote shows how Bending Spoons migrated a Java 11 monolith with 750 manually provisioned VMs to a cloud-native architecture in six months, improving performance and reducing oncall load. The article also addresses common criticisms like price increases and layoffs, offering a balanced view of this controversial acquisition model.