Evernote is putting their $70 million funding round to use by acquiring an app called Penultimate, which was created by a company called Cocoa Box. Penultimate will be developed for a wider range of platforms and devices as a result of the acquisition. Evernote will use the technology from the app to integrate handwriting recognition into Evernote itself.
Evernote already has the ability to recognize handwritten text in scanned documents and they license this technology to third-parties, but Penultimate will create a possibility of allowing you to write with your finger or style directly into an updated Evernote app.
The acquisition terms were undisclosed. Cocoa Box founder Ben Zotto will join Evernote. It is uncertain whether Penultimate will continue as a stand-alone app. Evernote is getting close to the 30 million user mark.