Evernote Hires CFO
Evernote, a cloud-based note-taking and storage mobile app, hired a new CFO yesterday. Jeff Shotts, the former CFO of ModCloth and a former finance executive at eBay, was named to the position in a blog post by Evernote CEO Phil Libin. This move is being viewed as a hint that the company is gearing up for an IPO. Evernote has a valuation of approximately $1bn.
Evernote is a member of the Triton Research IPO Watchlist, a continuously updating database of companies we expect to either IPO or be acquired. The current IPO Watchlist is comprised of 111 companies organized by investment theme.