Bending Spoons has completed its acquisition of Airtable, adding one of the best-known workplace software platforms to a portfolio that already includes Evernote, Vimeo, WeTransfer and other global digital brands.
Bending Spoons completed its acquisition of Airtable on September 4, closing an all-cash transaction that valued the company at $1.285 billion on an enterprise-value basis.
Including Airtable’s net cash position, the deal implied an equity value of approximately $2.25 billion when it was announced in August.
The acquisition gives Bending Spoons control of a platform used by more than 500,000 organizations, including 80% of the Fortune 100.
Airtable sits somewhere between a spreadsheet, database and custom-app platform.
Companies use it to organize workflows, manage projects, coordinate product operations, automate processes and increasingly deploy artificial intelligence into internal business systems.
That AI angle is becoming more important.
Airtable has been positioning itself as an AI-native platform where companies can bring together data, business context and AI agents inside customized workflows.
Its annual recurring revenue had reached approximately $480 million as of June, growing more than 20% from a year earlier.
For Bending Spoons, that combination of a well-known brand, recurring subscription revenue and enterprise customers fits directly into its acquisition strategy.
The Milan-based technology company specializes in buying established digital businesses and trying to improve their products, growth and profitability over long periods.
Its portfolio already includes businesses such as AOL, Brightcove, Eventbrite, Evernote, Vimeo, WeTransfer, Remini and StreamYard.
Airtable now joins that group.
The closing also marks Bending Spoons’ first acquisition since listing on Nasdaq on July 1.
Bending Spoons said it plans to invest heavily in Airtable’s product, customer support and sales capabilities rather than treat the acquisition simply as a cost-cutting exercise.
The company will incorporate Airtable into its financial outlook when it next reports results.
Bending Spoons reported $704 million in second-quarter revenue, up 126% from a year earlier, while operating income reached $240 million.
That financial growth has given the company considerably more capacity to continue buying established technology businesses.
What It Means for You
The striking part of this transaction is not only the $1.285 billion purchase price.
It is what Bending Spoons is buying.
Airtable already sits inside the daily operations of hundreds of thousands of businesses.
If Bending Spoons can successfully expand AI tools across that customer base, Airtable could become far more than a workplace database.
It could become an operating layer where companies organize information, automate tasks and deploy AI agents across entire departments.
That is becoming one of the most valuable battlegrounds in enterprise technology.
The first stage of the AI boom centered on who could build the models and chips.
The next stage is increasingly about which software platforms businesses will actually use to put AI to work.
With Airtable now officially under its control, Bending Spoons has made a $1.285 billion bet that it can own a meaningful piece of that market.
JBizNews Desk | New York
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