Bending Spoons Acquires Miro for $1.36 Billion in Major SaaS Deal
Bending Spoons has agreed to purchase Miro for 1.36 billion dollars in cash.
The equity value of the transaction stands at 1.79 billion dollars.
Miro's Dramatic Valuation Drop
This price represents a steep decline from Miro's peak valuation of 17.5 billion dollars in late 2021.
Miro grew rapidly during the COVID-19 pandemic as remote work boosted demand for its whiteboarding tools.
After the pandemic the company faced tighter enterprise budgets and increased competition from larger players.
Miro now reports about 600 million dollars in annual recurring revenue and remains profitable with 435 million dollars in net cash.
Bending Spoons Strategy and Industry Impact
The Italian firm has built a pattern of buying established software companies at reduced prices as seen in its recent Airtable purchase.
This approach allows Bending Spoons to acquire mature businesses with solid user bases and recurring revenue streams.
For everyday users the deal could mean continued innovation in collaboration tools without major service disruptions.
Overall the transaction highlights how post-pandemic realities have reshaped valuations in the software sector.
Looking ahead Bending Spoons may integrate AI features more deeply into Miro to drive future growth.
